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Find and Profitably Trade Stocks at 52-Week Lows
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
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Look at Honeywell for a Steady and Diversified Stock
Big climate bill; Spending green bucks to boost green energy
Can You Guess Which EV Stock Is Beating Tesla ?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Closing prices for crude oil, gold and other commodities
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Look at Honeywell for a Steady and Diversified Stock
Big climate bill; Spending green bucks to boost green energy
Can You Guess Which EV Stock Is Beating Tesla ?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Closing prices for crude oil, gold and other commodities
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Look at Honeywell for a Steady and Diversified Stock
Big climate bill; Spending green bucks to boost green energy
Can You Guess Which EV Stock Is Beating Tesla ?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
TSE:RNW

TransAlta Renewables - RNW Stock Forecast, Price & News

C$17.92
-0.06 (-0.33%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
C$17.87
C$18.05
50-Day Range
C$16.07
C$18.27
52-Week Range
C$15.87
C$20.71
Volume
507,336 shs
Average Volume
395,943 shs
Market Capitalization
C$4.78 billion
P/E Ratio
37.33
Dividend Yield
5.23%
Price Target
C$19.00
RNW stock logo

About TransAlta Renewables (TSE:RNW) Stock

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.

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RNW Stock News Headlines

TransAlta Renewables (TSE:RNW) Price Target Raised to C$19.00
TFSA Investors: 3 Dividend Stocks That Pay You Monthly
Transalta Renewables Inc stock advanced on Thursday.
Transalta Renewables Inc stock shrank on Tuesday.
Transalta Renewables Inc stock raised on Tuesday.
3 Great Stocks With Yields Over 5%
Transalta Renewables Inc stock dipped on Wednesday.
Got $300? 2 Simple TSX Stocks to Buy Right Now
Transalta Renewables Inc stock advanced on Friday.
Recession Fears: 3 Safe Stocks You Can Still Invest in
Top TSX Stocks to Buy in July 2022
Transalta Renewables Inc stock boosted on Friday.
See More Headlines
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RNW Company Calendar

Ex-Dividend for 7/29 Dividend
7/14/2022
Dividend Payable
7/29/2022
Today
8/12/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/08/2022

Industry, Sector and Symbol

Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$19.00
High Stock Price Forecast
C$20.00
Low Stock Price Forecast
C$18.50
Forecasted Upside/Downside
+6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$487 million
Cash Flow
C$1.06 per share
Book Value
C$7.28 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.78 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Todd John Stack (Age 55)
    Pres & Director
    Comp: $497.04k
  • Mr. Brent V. Ward
    Chief Financial Officer
  • Mr. Aron John Willis (Age 47)
    Exec. Vice-Pres of Growth
    Comp: $359.08k
  • 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 - Frequently Asked Questions

Should I buy or sell TransAlta Renewables stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last year. 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.

What is TransAlta Renewables' stock price forecast for 2022?

6 equities research analysts have issued twelve-month price objectives 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 stock price to reach C$19.00 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
View analysts price targets for RNW
or view top-rated stocks among Wall Street analysts.

How have RNW shares performed in 2022?

TransAlta Renewables' stock was trading at C$18.75 at the beginning of the year. Since then, RNW stock has decreased by 4.4% and is now trading at C$17.92.
View the best growth stocks for 2022 here
.

When is TransAlta Renewables' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our RNW earnings forecast
.

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

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 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Friday, August 12th.
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 5.23%. RNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 195.83%. 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).

What is TransAlta Renewables' stock symbol?

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

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.

What is TransAlta Renewables' stock price today?

One share of RNW stock can currently be purchased for approximately C$17.92.

How much money does TransAlta Renewables make?

TransAlta Renewables (TSE:RNW) has a market capitalization of C$4.78 billion and generates C$487 million in revenue each year.

How can I contact TransAlta Renewables?

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.

This page (TSE:RNW) was last updated on 8/12/2022 by MarketBeat.com Staff

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