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TSE:RNW

TransAlta Renewables Stock Forecast, Price & News

C$16.86
+0.04 (+0.24%)
(As of 06/27/2022 12:00 AM ET)
Add
Compare
Today's Range
C$16.77
C$16.96
50-Day Range
C$16.07
C$18.45
52-Week Range
C$15.87
C$22.55
Volume
182,047 shs
Average Volume
431,691 shs
Market Capitalization
C$4.50 billion
P/E Ratio
35.13
Dividend Yield
5.59%
Price Target
C$18.94
30 days | 90 days | 365 days | Advanced Chart

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RNW Stock Forecast (MarketRank)

Overall MarketRank

1.51 out of 5 stars

Analyst Opinion: 2.0Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
TransAlta Renewables logo

About TransAlta Renewables (TSE:RNW)

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.

RNW Stock News Headlines

See More Headlines

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

Company Calendar

Ex-Dividend for 4/29 Dividend
4/13/2022
Dividend Payable
4/29/2022
Last Earnings
5/04/2022
Ex-Dividend for 5/31 Dividend
5/12/2022
Dividend Payable
5/31/2022
Today
6/27/2022
Next Earnings (Estimated)
8/09/2022

Price Target and Rating

Average Stock Price Forecast
C$18.94
High Stock Price Forecast
C$20.00
Low Stock Price Forecast
C$18.50
Forecasted Upside/Downside
+12.4%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$487 million
Cash Flow
C$1.04 per share
Book Value
C$7.28 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.50 billion
Optionable
Not Optionable
Beta
N/A














TransAlta Renewables Frequently Asked Questions

Should I buy or sell TransAlta Renewables stock right now?

6 Wall Street 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 research analysts is that investors should "hold" TransAlta Renewables stock. 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 analyst ratings for TransAlta Renewables
or view top-rated stocks.

What is TransAlta Renewables' stock price forecast for 2022?

6 brokers have issued 12-month price objectives for TransAlta Renewables' shares. Their RNW stock forecasts range from C$18.50 to C$20.00. On average, they expect TransAlta Renewables' stock price to reach C$18.94 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
View analysts' price targets for TransAlta Renewables
or view top-rated stocks among Wall Street analysts.

How has TransAlta Renewables' stock price 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 10.1% and is now trading at C$16.86.
View the best growth stocks for 2022 here
.

When is TransAlta Renewables' next earnings date?

TransAlta Renewables is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for TransAlta Renewables
.

How were TransAlta Renewables' earnings last quarter?

TransAlta Renewables Inc. (TSE:RNW) announced its earnings results on Wednesday, May, 4th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.03. The firm had revenue of $143 million for the quarter, compared to the consensus estimate of $118.10 million.
View TransAlta Renewables' earnings history
.

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

TransAlta Renewables declared a monthly dividend on Thursday, May 12th. Shareholders of record on Tuesday, May 31st will be given a dividend of 0.0783 per share on Tuesday, May 31st. This represents a $0.94 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, May 12th.
View TransAlta Renewables' dividend history
.

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 5.59%. RNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of TransAlta Renewables is 195.83%. Payout ratios above 75% are not desirable because they may not be sustainable.
View TransAlta Renewables' dividend history.

Who are TransAlta Renewables' key executives?

TransAlta Renewables' management team includes the following people:
  • Mr. Todd John Stack, Pres & Director (Age 55, Pay $497.04k)
  • Mr. Brent V. Ward, Chief Financial Officer
  • Mr. Aron John Willis, Exec. Vice-Pres of Growth (Age 47, Pay $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

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 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$16.86.

How much money does TransAlta Renewables make?

TransAlta Renewables (TSE:RNW) has a market capitalization of C$4.50 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 TransAlta Renewables is www.transalta.com. The company can be reached via phone at +1-403-2677110.

This page (TSE:RNW) was last updated on 6/27/2022 by MarketBeat.com Staff

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