TransAlta Renewables - RNW Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last twelve months. There are currently 6 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.

6 brokers have issued 1 year target prices for TransAlta Renewables' shares. Their RNW share price forecasts range from C$18.50 to C$20.00. On average, they anticipate the company's share price to reach C$19.10 in the next twelve months. This suggests a possible upside of 21.6% 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$18.75 at the beginning of 2022. Since then, RNW shares have decreased by 16.2% and is now trading at C$15.71.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our RNW earnings forecast.

TransAlta Renewables Inc. (TSE:RNW) posted its earnings results on Thursday, August, 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.09. The business earned $139 million during the quarter, compared to analysts' expectations of $111.90 million.

TransAlta Renewables announced a monthly dividend on Friday, August 12th. Stockholders of record on Wednesday, August 31st will be paid a dividend of 0.0783 per share on Wednesday, August 31st. This represents a $0.94 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend is Friday, August 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 5.98%. RNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 218.60%. 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$15.71.

TransAlta Renewables (TSE:RNW) has a market capitalization of C$4.19 billion and generates C$534 million in revenue each year.

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.