NYSE:TAC - TransAlta Stock Price, Forecast & News

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

TransAlta announced a quarterly dividend on Thursday, January 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.033 per share on Wednesday, April 1st. This represents a $0.13 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from TransAlta's previous quarterly dividend of $0.03. View TransAlta's Dividend History.

TransAlta Co. (NYSE:TAC) posted its quarterly earnings results on Friday, August, 9th. The utilities provider reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.06. The utilities provider earned $371.56 million during the quarter. TransAlta had a negative return on equity of 4.91% and a negative net margin of 4.07%. View TransAlta's Earnings History.

TransAlta is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for TransAlta.

TransAlta will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

7 Wall Street analysts have issued twelve-month price objectives for TransAlta's stock. Their forecasts range from $10.00 to $13.00. On average, they anticipate TransAlta's stock price to reach $11.00 in the next year. This suggests a possible upside of 38.9% from the stock's current price. View Analyst Price Targets for TransAlta.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TransAlta.

Media stories about TAC stock have trended somewhat positive this week, according to InfoTrie. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. TransAlta earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for TransAlta.

TransAlta saw a increase in short interest in February. As of February 14th, there was short interest totalling 1,800,000 shares, an increase of 39.5% from the January 30th total of 1,290,000 shares. Based on an average trading volume of 304,400 shares, the days-to-cover ratio is currently 5.9 days. Currently, 0.7% of the company's shares are sold short. View TransAlta's Current Options Chain.

Some companies that are related to TransAlta include OGE Energy (OGE), Algonquin Power & Utilities (AQN), Huaneng Power International Inc ADR Class N (HNP), CHINA RESOURES/ADR (CRPJY), IDACORP (IDA), CENTRICA PLC/S (CPYYY), Portland General Electric (POR), Hawaiian Electric Industries (HE), COMPANHIA PARAN/S (ELPVY), Black Hills (BKH), CEMIG (CIG), Companhia Paranaense de Energia (ELP), Enel Generacion Chile (EOCC), Enel Chile (ENIC) and TerraForm Power (TERP).

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA), Advanced Micro Devices (AMD), Suncor Energy (SU), AT&T (T), Bristol-Myers Squibb (BMY), Enbridge (ENB), Ford Motor (F), General Electric (GE), Energy Transfer LP Unit (ET) and Restaurant Brands International (QSR).

TransAlta's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (7.03%), Brookfield Asset Management Inc. (5.06%), Brookfield Asset Management Inc. (5.05%), Bluescape Energy Partners LLC (3.00%), Toronto Dominion Bank (2.04%) and Renaissance Technologies LLC (1.06%). View Institutional Ownership Trends for TransAlta.

TAC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, CIBC World Markets Inc., ARP Americas LP, Public Sector Pension Investment Board, Fiera Capital Corp, TD Asset Management Inc., Russell Investments Group Ltd. and Mitsubishi UFJ Trust & Banking Corp. View Insider Buying and Selling for TransAlta.

TAC stock was acquired by a variety of institutional investors in the last quarter, including Bluescape Energy Partners LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, MUFG Securities EMEA plc, Connor Clark & Lunn Investment Management Ltd., Marshall Wace LLP, Toronto Dominion Bank and Marshall Wace North America L.P.. View Insider Buying and Selling for TransAlta.

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

One share of TAC stock can currently be purchased for approximately $7.92.

TransAlta has a market capitalization of $2.20 billion and generates $1.74 billion in revenue each year. The utilities provider earns $-152,760,000.00 in net income (profit) each year or ($0.53) on an earnings per share basis. TransAlta employs 1,883 workers across the globe.View Additional Information About TransAlta.

The official website for TransAlta is http://www.transalta.com/.

TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The utilities provider can be reached via phone at 403-267-7110 or via email at [email protected]