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NYSE:TACTransAlta Stock Price, Forecast & News

+0.05 (+0.86 %)
(As of 05/29/2020 04:00 PM ET)
Today's Range
Now: $5.84
50-Day Range
MA: $5.65
52-Week Range
Now: $5.84
Volume336,114 shs
Average Volume353,387 shs
Market Capitalization$1.61 billion
P/E Ratio12.98
Dividend Yield2.18%
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 9,331 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars

Industry, Sector and Symbol

Industry Electric services



Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.91 per share
Book Value$8.53 per share


Net Income$61.79 million


Market Cap$1.61 billion
Next Earnings Date8/14/2020 (Estimated)
OptionableNot Optionable

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TransAlta (NYSE:TAC) Frequently Asked Questions

How has TransAlta's stock been impacted by COVID-19 (Coronavirus)?

TransAlta's stock was trading at $5.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TAC shares have increased by 5.2% and is now trading at $5.84. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TransAlta?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TransAlta.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Friday, August 14th 2020. View our earnings forecast for TransAlta.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) posted its quarterly earnings results on Tuesday, May, 12th. The utilities provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.01 by $0.02. The utilities provider had revenue of $813.52 million for the quarter. TransAlta had a net margin of 7.04% and a return on equity of 1.61%. View TransAlta's earnings history.

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

TransAlta announced a quarterly dividend on Monday, April 20th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.03 per share on Wednesday, July 1st. This represents a $0.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, May 29th. View TransAlta's dividend history.

What price target have analysts set for TAC?

6 analysts have issued 1-year target prices for TransAlta's shares. Their forecasts range from $8.50 to $11.00. On average, they anticipate TransAlta's share price to reach $9.90 in the next twelve months. This suggests a possible upside of 69.5% from the stock's current price. View analysts' price targets for TransAlta.

Has TransAlta been receiving favorable news coverage?

News headlines about TAC stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TransAlta earned a news impact score of -1.0 on InfoTrie's scale. They also assigned news coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutTransAlta.

Are investors shorting TransAlta?

TransAlta saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,890,000 shares, a decrease of 28.5% from the April 30th total of 4,040,000 shares. Based on an average daily volume of 790,300 shares, the short-interest ratio is presently 3.7 days. Approximately 1.1% of the company's shares are short sold. View TransAlta's Current Options Chain.

Who are some of TransAlta's key competitors?

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), AT&T (T), Advanced Micro Devices (AMD), Ford Motor (F), General Motors (GM), Restaurant Brands International (QSR), Starbucks (SBUX), Suncor Energy (SU) and Bank of America (BAC).

Who are TransAlta's key executives?

TransAlta's management team includes the following people:
  • Ms. Dawn Lorraine Farrell, Pres, CEO & Director (Age 59)
  • Mr. Christophe Dehout, Chief Financial Officer
  • Mr. Brett M. Gellner, Chief Strategy & Investment Officer (Age 55)
  • Mr. John Harry Kousinioris, Chief Growth Officer (Age 54)
  • Mr. Wayne Alexander Collins BEng (Elect), BBus, CPEng, GAICD, Exec. Vice-Pres of Coal & Mining Operations

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 variety of institutional and retail investors. Top institutional shareholders include CIBC Asset Management Inc (4.29%), Bluescape Energy Partners LLC (2.36%), Toronto Dominion Bank (1.91%), Deutsche Bank AG (1.38%), Connor Clark & Lunn Investment Management Ltd. (1.37%) and Morgan Stanley (0.94%). 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 CIBC Asset Management Inc, Bluescape Energy Partners LLC, Intact Investment Management Inc., Toronto Dominion Bank, Two Sigma Investments LP, Fiera Capital Corp, Mackenzie Financial Corp, and Canada Pension Plan Investment Board. View insider buying and selling activity for TransAlta.

Which institutional investors are buying TransAlta stock?

TAC stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Connor Clark & Lunn Investment Management Ltd., Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Two Sigma Advisers LP, Spark Investment Management LLC, and Hillsdale Investment Management Inc.. View insider buying and selling activity for TransAlta.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $5.84.

How big of a company is TransAlta?

TransAlta has a market capitalization of $1.61 billion and generates $1.77 billion in revenue each year. The utilities provider earns $61.79 million in net income (profit) each year or ($0.09) on an earnings per share basis. TransAlta employs 1,883 workers across the globe.

What is TransAlta's official website?

The official website for TransAlta is www.transalta.com.

How can I contact TransAlta?

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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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