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NYSE:TAC

TransAlta Stock Forecast, Price & News

$10.99
+0.19 (+1.76%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.81
$10.99
50-Day Range
$10.45
$11.52
52-Week Range
$9.44
$12.13
Volume
265,036 shs
Average Volume
273,501 shs
Market Capitalization
$2.97 billion
P/E Ratio
N/A
Dividend Yield
1.48%
Price Target
$16.44
30 days | 90 days | 365 days | Advanced Chart

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TAC Stock Forecast (MarketRank)

Overall MarketRank

2.06 out of 5 stars

Utilities Sector

68th out of 120 stocks

Electric Services Industry

29th out of 56 stocks

Analyst Opinion: 3.4Community Rank: 3.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
TransAlta logo

About TransAlta (NYSE:TAC)

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.

TAC Stock News Headlines

Down Day for Futures - Baystreet.ca
Stocks Stagger at Outset - Baystreet.ca
TransAlta (NYSE:TAC) Sees Large Volume Increase
See More Headlines

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
1,282
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/1 Dividend
2/28/2022
Dividend Payable
4/01/2022
Last Earnings
5/06/2022
Ex-Dividend for 7/1 Dividend
5/31/2022
Today
6/24/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
8/09/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$16.44
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+49.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.7
Research Coverage
10 Analysts

Profitability

Net Income
$-428.47 million
Pretax Margin
-5.74%

Debt

Sales & Book Value

Annual Sales
$2.17 billion
Cash Flow
$2.53 per share
Book Value
$4.86 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.97 billion
Optionable
Not Optionable
Beta
1.08














TransAlta Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TransAlta stock.
View analyst ratings for TransAlta
or view top-rated stocks.

What is TransAlta's stock price forecast for 2022?

10 brokerages have issued 12-month target prices for TransAlta's shares. Their TAC stock forecasts range from $14.00 to $17.50. On average, they predict TransAlta's stock price to reach $16.44 in the next twelve months. This suggests a possible upside of 49.6% from the stock's current price.
View analysts' price targets for TransAlta
or view top-rated stocks among Wall Street analysts.

How has TransAlta's stock price performed in 2022?

TransAlta's stock was trading at $11.12 at the beginning of 2022. Since then, TAC shares have decreased by 1.2% and is now trading at $10.99.
View the best growth stocks for 2022 here
.

Are investors shorting TransAlta?

TransAlta saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 500,400 shares, a drop of 34.2% from the May 15th total of 760,900 shares. Based on an average daily volume of 262,200 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.2% of the company's shares are sold short.
View TransAlta's Short Interest
.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for TransAlta
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) released its quarterly earnings data on Friday, May, 6th. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.36. The utilities provider had revenue of $580.27 million for the quarter, compared to analysts' expectations of $536.65 million. TransAlta had a negative net margin of 12.08% and a positive trailing twelve-month return on equity of 14.13%. During the same quarter in the prior year, the business posted ($0.02) EPS.
View TransAlta's earnings history
.

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

TransAlta announced a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.04 per share on Friday, July 1st. This represents a $0.16 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, May 31st. This is a boost from TransAlta's previous quarterly dividend of $0.04.
View TransAlta's dividend history
.

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 1.48%.
View TransAlta's dividend history.

Who are TransAlta's key executives?

TransAlta's management team includes the following people:
  • Mr. John Harry Kousinioris, Pres, CEO & Director (Age 57, Pay $1.78M)
  • Mr. Todd John Stack, Exec. VP of Fin. & CFO (Age 55, Pay $941.65k)
  • Ms. Kerry O'Reilly Wilks, Exec. VP of Legal, Commercial & External Affairs (Age 44, Pay $869.08k)
  • Ms. Jane Nyla Fedoretz, Exec. VP of People, Talent & Transformation
  • Mr. Michael J. Novelli, Exec. Vice-Pres of Generation
  • Chiara Valentini, Mang. of Investor Relations
  • Ms. Stacey Hatcher, Mang. of Communications
  • Ms. Maria Perry, MD of People & Talent
  • Ms. Dawn E. de Lima, Chief Shared Services Officer
  • Mr. Aron John Willis, Exec. Vice-Pres of Growth (Age 47)

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

78 employees have rated TransAlta CEO Dawn Farrell on Glassdoor.com. Dawn Farrell has an approval rating of 9% among TransAlta'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 a number of institutional and retail investors. Top institutional shareholders include Royal Bank of Canada (16.25%), Marquard & Bahls AG (4.19%), CIBC Asset Management Inc (3.35%), Vanguard Group Inc. (2.84%), Mackenzie Financial Corp (1.76%) and TD Asset Management Inc. (1.50%).
View institutional ownership trends for TransAlta
.

Which institutional investors are selling TransAlta stock?

TAC stock was sold by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., TD Asset Management Inc., CIBC Asset Management Inc, Russell Investments Group Ltd., Gyon Technologies Capital Management LP, Vanguard Group Inc., SIG North Trading ULC, and State Street Corp.
View insider buying and selling activity for TransAlta
or view top insider-selling stocks.

Which institutional investors are buying TransAlta stock?

TAC stock was acquired by a variety of institutional investors in the last quarter, including Marquard & Bahls AG, Mackenzie Financial Corp, Royal Bank of Canada, Goldman Sachs Group Inc., Renaissance Technologies LLC, First Manhattan Co., Toronto Dominion Bank, and NewGen Asset Management Ltd.
View insider buying and selling activity for TransAlta
or or view top insider-buying stocks.

How do I buy shares of TransAlta?

Shares of TAC 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 $10.99.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $2.97 billion and generates $2.17 billion in revenue each year. The utilities provider earns $-428.47 million in net income (profit) each year or ($1.06) on an earnings per share basis.

How many employees does TransAlta have?

TransAlta employs 1,282 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 TransAlta is www.transalta.com. The utilities provider can be reached via phone at (403) 267-7110, via email at [email protected], or via fax at 1-403-267-7405.

This page (NYSE:TAC) was last updated on 6/24/2022 by MarketBeat.com Staff

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