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BABA   78.61 (-2.91%)
AMD   125.27 (-1.39%)
T   15.64 (+0.90%)
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NYSE:TAC

TransAlta (TAC) Stock Forecast, Price & News

$9.68
+0.23 (+2.43%)
(As of 05/30/2023 ET)
Compare
Today's Range
$9.54
$9.72
50-Day Range
$7.78
$9.96
52-Week Range
$7.55
$11.85
Volume
286,526 shs
Average Volume
321,846 shs
Market Capitalization
$2.55 billion
P/E Ratio
33.38
Dividend Yield
1.65%
Price Target
$16.10

TransAlta MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
66.3% Upside
$16.10 Price Target
Short Interest
Healthy
0.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.02mentions of TransAlta in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-47.96%
From $0.98 to $0.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Utilities Sector

6th out of 84 stocks

Electric Services Industry

4th out of 40 stocks


TAC stock logo

About TransAlta (NYSE:TAC) Stock

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Hydro, Wind and Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Hydro, Wind and Solar, Gas and Energy Transition business segments are responsible for operating and maintaining the company's electrical generation facilities in Canada, Australia, and the US. The Energy Marketing segment is responsible for marketing and scheduling the company's merchant asset fleet outside of Alberta along with procurement of gas, transport and storage to the company's gas fleet, providing intellectual knowledge to support the company's growth team, and generating a stand-alone gross margin separate from the company's asset business through a North American energy marketing platform. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

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TAC Stock News Headlines

TransAlta Co. (TAC) To Go Ex-Dividend on May 31st
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TransAlta (TAC) to Release Quarterly Earnings on Friday
TransAlta (NYSE:TAC) Stock Rating Upgraded by StockNews.com
TransAlta (NYSE:TAC) Rating Lowered to Hold at StockNews.com
TransAlta (NYSE:TAC) Upgraded to "Buy" at StockNews.com
StockNews.com Lowers TransAlta (NYSE:TAC) to Hold
TAC.MW - | Stock Price & Latest News | Reuters
TSX Falls Short of Breakeven - Yahoo Canada Finance
See More Headlines
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TAC Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 4/1 Dividend
2/28/2023
Dividend Payable
4/01/2023
Today
5/30/2023
Ex-Dividend for 7/1 Dividend
5/31/2023
Dividend Payable
7/01/2023
Next Earnings (Estimated)
8/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
1,222
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.10
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+67.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
14.51%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$1.79 per share
Book Value
$3.00 per share

Miscellaneous

Free Float
229,293,000
Market Cap
$2.54 billion
Optionable
Not Optionable
Beta
1.06

Key Executives

  • John Harry Kousinioris
    President, Chief Executive Officer & Director
  • Todd J. Stack
    Chief Financial Officer & Executive Vice President
  • Aron J. Willis
    Executive Vice President-Growth
  • Brent Ward
    Treasurer, SVP-Strategy, Mergers & Acquisitions
  • Michelle Cameron
    Controller & Managing Director













TAC Stock - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TAC shares.
View TAC analyst ratings
or view top-rated stocks.

What is TransAlta's stock price forecast for 2023?

3 analysts have issued 1-year price targets for TransAlta's shares. Their TAC share price forecasts range from $14.00 to $17.50. On average, they anticipate the company's share price to reach $16.10 in the next twelve months. This suggests a possible upside of 67.4% from the stock's current price.
View analysts price targets for TAC
or view top-rated stocks among Wall Street analysts.

How have TAC shares performed in 2023?

TransAlta's stock was trading at $8.97 at the beginning of 2023. Since then, TAC stock has increased by 7.2% and is now trading at $9.62.
View the best growth stocks for 2023 here
.

Are investors shorting TransAlta?

TransAlta saw a drop in short interest in May. As of May 15th, there was short interest totaling 922,900 shares, a drop of 48.7% from the April 30th total of 1,800,000 shares. Based on an average trading volume of 339,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.4% of the company's stock are short sold.
View TransAlta's Short Interest
.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our TAC earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) announced its quarterly earnings results on Tuesday, November, 9th. The utilities provider reported ($1.35) earnings per share for the quarter, missing the consensus estimate of $0.16 by $1.51. The utilities provider earned $675.10 million during the quarter. TransAlta had a net margin of 3.90% and a trailing twelve-month return on equity of 9.56%. During the same quarter in the previous year, the business earned ($0.37) EPS.

How often does TransAlta pay dividends? What is the dividend yield for TransAlta?

TransAlta announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.041 per share on Saturday, July 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for TAC
.

Is TransAlta a good dividend stock?

TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.71%. The dividend payout ratio is 55.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 31.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAC.

What is Dawn Farrell's approval rating as TransAlta's CEO?

78 employees have rated TransAlta Chief Executive Officer Dawn Farrell on Glassdoor.com. Dawn Farrell has an approval rating of 9% among the company's employees. This puts Dawn Farrell in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TransAlta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA), Bristol-Myers Squibb (BMY), Advanced Micro Devices (AMD), AT&T (T), Enbridge (ENB), General Motors (GM), Verizon Communications (VZ), Ford Motor (F), General Electric (GE) and Pfizer (PFE).

What is TransAlta's stock symbol?

TransAlta trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAC."

Who are TransAlta's major shareholders?

TransAlta's stock is owned by many different retail and institutional investors. Top institutional shareholders include CIBC Asset Management Inc (4.14%), Mackenzie Financial Corp (2.56%), Rubric Capital Management LP (2.17%), Waratah Capital Advisors Ltd. (1.38%), National Bank of Canada FI (1.27%) and Toronto Dominion Bank (1.02%).
View institutional ownership trends
.

How do I buy shares of TransAlta?

Shares of TAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $9.62.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $2.54 billion and generates $2.29 billion in revenue each year. The utilities provider earns $38.46 million in net income (profit) each year or $0.29 on an earnings per share basis.

How many employees does TransAlta have?

The company employs 1,222 workers across the globe.

How can I contact TransAlta?

TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The official website for the company is www.transalta.com. The utilities provider can be reached via phone at (403) 267-7110, via email at investor_relations@transalta.com, or via fax at 1-403-267-7405.

This page (NYSE:TAC) was last updated on 5/30/2023 by MarketBeat.com Staff

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