TransAlta Renewables - RNW Stock Forecast, Price & News

TransAlta Renewables Inc. develops, owns, and operates renewable power generation facilities. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. As of February 24, 2022, it owned and operated 26 wind facilities, 13 hydroelectric facilities, 8 natural gas generation facilities, 2 solar facilities, 1 natural gas pipeline, and 1 battery storage project comprising 2,968 megawatts of net generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, Washington, North Carolina, and the State of Western Australia. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. is a subsidiary of TransAlta Corporation.

TransAlta Renewables Stock Down 0.3 %

Shares of TSE:RNW traded down C$0.06 during trading on Thursday, hitting C$17.92. The company's stock had a trading volume of 507,336 shares, compared to its average volume of 395,917. The business has a 50 day moving average price of C$17.08 and a two-hundred day moving average price of C$17.52. The company has a market capitalization of C$4.78 billion and a PE ratio of 37.46. The company has a debt-to-equity ratio of 48.92, a quick ratio of 0.67 and a current ratio of 0.79. TransAlta Renewables has a fifty-two week low of C$15.87 and a fifty-two week high of C$20.71.

TransAlta Renewables Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 31st will be paid a $0.0783 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.94 annualized dividend and a dividend yield of 5.24%. TransAlta Renewables's dividend payout ratio (DPR) is 195.83%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RNW shares. TD Securities lifted their price objective on TransAlta Renewables from C$18.00 to C$18.50 and gave the stock a "hold" rating in a report on Thursday, May 5th. Royal Bank of Canada reduced their price objective on TransAlta Renewables from C$21.00 to C$20.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 5th. National Bankshares increased their price objective on TransAlta Renewables from C$18.50 to C$19.00 and gave the stock a "sector perform" rating in a research note on Monday. CIBC upped their target price on TransAlta Renewables from C$18.50 to C$19.00 in a report on Monday. Finally, Raymond James set a C$19.00 price objective on TransAlta Renewables and gave the company a "market perform" rating in a report on Thursday, May 5th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, TransAlta Renewables has an average rating of "Hold" and an average price target of C$19.00.