TransAlta Renewables (RNW) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last year. There are currently 7 hold ratings and 2 buy 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.

9 equities research analysts have issued 1 year target prices for TransAlta Renewables' stock. Their RNW share price forecasts range from C$12.50 to C$17.00. On average, they predict the company's stock price to reach C$15.05 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
View analysts price targets for RNW or view top-rated stocks among Wall Street analysts.

TransAlta Renewables' stock was trading at C$11.25 on January 1st, 2023. Since then, RNW shares have increased by 10.2% and is now trading at C$12.40.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our RNW earnings forecast.

TransAlta Renewables announced a monthly dividend on Friday, May 12th. Shareholders of record on Wednesday, May 31st will be paid a dividend of 0.0783 per share on Wednesday, May 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for RNW.

TransAlta Renewables (TSE:RNW) pays an annual dividend of C$0.94 per share and currently has a dividend yield of 7.36%. 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.

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).

TransAlta Renewables trades on the Toronto Stock Exchange (TSX) under the ticker symbol "RNW."

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.
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One share of RNW stock can currently be purchased for approximately C$12.40.

TransAlta Renewables (TSE:RNW) has a market capitalization of C$3.31 billion and generates C$536 million in revenue each year. The company earns C$78 million in net income (profit) each year or C$0.30 on an earnings per share basis.

TransAlta Renewables' mailing address is 110 12th Avenue SW, Stn M PO Box 1900, CALGARY, AB T2P 2M1, Canada. The official website for the company is www.transalta.com. The company can be reached via phone at +1-403-2677110.