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TSE:RNW

TransAlta Renewables (RNW) Stock Price, News & Analysis

Today's Range
N/A
50-Day Range
C$11.88
C$13.26
52-Week Range
N/A
Volume
880,836 shs
Average Volume
582,037 shs
Market Capitalization
C$3.33 billion
P/E Ratio
41.60
Dividend Yield
7.53%
Price Target
C$12.98

TransAlta Renewables MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
∞ Upside
C$12.98 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.59 out of 5 stars


RNW stock logo

About TransAlta Renewables Stock (TSE:RNW)

TransAlta Renewables Inc. owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. Its portfolio of assets comprises 50 renewable power generation facilities, including wind, hydro, and gas. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. operates as a subsidiary of TransAlta Corporation.


RNW Stock News Headlines

TransAlta Reports Third Quarter 2023 Results
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Closing Bell: Transalta Renewables Inc flat on Tuesday (RNW)
TransAlta Renewables Inc. (RNW)
TransAlta Renewable (RNW) Gets a Hold Rating from RBC Capital
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Closing Bell: Transalta Renewables Inc up on Monday (RNW)
RNW.TO - TransAlta Renewables Inc.
TransAlta To Buy TransAlta Renewables For $1.384 Bln
How Much to Invest for $2,000 in Monthly Passive Income
TFSA Passive Income: Earn $200/Month
See More Headlines
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Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$12.98
High Stock Price Target
C$13.50
Low Stock Price Target
C$12.50
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
C$78 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$496 million
Book Value
C$6.19 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.33 billion
Optionable
Not Optionable
Beta
0.74
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Key Executives

  • Mr. Todd John Stack (Age 56)
    Pres & Non-Independent Director
    Comp: $534.35k
  • Mr. Brent V. Ward
    Chief Financial Officer
  • Mr. Aron John Willis (Age 48)
    Exec. Vice-Pres of Growth
    Comp: $402.49k
  • Mr. Scott T. Jeffers
    VP & Corp. Sec.
  • Ms. Sally Taylor
    Mang. of Investor Relations
  • Ms. Michelle Cameron
    VP & Corp. Controller
  • Chad Macy
    Sr. Environmental Advisor














RNW Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta Renewables stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last twelve months. There are currently 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RNW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNW, but not buy additional shares or sell existing shares.
View RNW analyst ratings
or view top-rated stocks.

What is TransAlta Renewables' stock price target for 2024?

7 equities research analysts have issued 1 year target prices for TransAlta Renewables' shares. Their RNW share price targets range from C$12.50 to C$13.50. On average, they predict the company's share price to reach C$12.98 in the next year.
View analysts price targets for RNW
or view top-rated stocks among Wall Street analysts.

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

TransAlta Renewables declared a monthly dividend on Thursday, September 14th. Shareholders of record on Friday, September 29th will be paid a dividend of 0.0783 per share on Friday, September 29th. This represents a $0.94 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for RNW
.

Is TransAlta Renewables a good dividend stock?

TransAlta Renewables (TSE:RNW) pays an annual dividend of C$0.94 per share and currently has a dividend yield of 7.53%. RNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 313.33%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for RNW.

What other stocks do shareholders of TransAlta Renewables own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta Renewables investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), Inter Pipeline (IPL), BCE (BCE), Manulife Financial (MFC), Algonquin Power & Utilities (AQN), Toronto-Dominion Bank (TD), ARC Resources (ARX) and Royal Bank of Canada (RY).

How do I buy shares of TransAlta Renewables?

Shares of RNW stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:RNW) was last updated on 3/1/2024 by MarketBeat.com Staff