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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Home Depot Results Point To Sluggish 2nd Half
2 Long-Term EV Plays Trading Under $20
Are These 3 Video Game Stocks Now In Play?
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Why Apple is Primed to Take a Bite Out of Live Sports
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Home Depot Results Point To Sluggish 2nd Half
2 Long-Term EV Plays Trading Under $20
Are These 3 Video Game Stocks Now In Play?
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Why Apple is Primed to Take a Bite Out of Live Sports
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Home Depot Results Point To Sluggish 2nd Half
2 Long-Term EV Plays Trading Under $20
Are These 3 Video Game Stocks Now In Play?
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Why Apple is Primed to Take a Bite Out of Live Sports
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
TSE:RNW

TransAlta Renewables - RNW Stock Forecast, Price & News

C$18.03
+0.01 (+0.06%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
C$17.89
C$18.11
50-Day Range
C$16.07
C$18.27
52-Week Range
C$15.87
C$20.71
Volume
377,855 shs
Average Volume
395,135 shs
Market Capitalization
C$4.81 billion
P/E Ratio
41.93
Dividend Yield
5.22%
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 Trading Up 0.1 %

Shares of TransAlta Renewables stock traded up C$0.01 on Tuesday, hitting C$18.03. 377,855 shares of the company traded hands, compared to its average volume of 395,135. The stock's 50 day moving average price is C$17.13 and its 200-day moving average price is C$17.56. The company has a market cap of C$4.81 billion and a PE ratio of 41.93. TransAlta Renewables has a 52 week low of C$15.87 and a 52 week high of C$20.71. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 49.23.

TransAlta Renewables (TSE:RNW - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.09). The firm had revenue of C$139.00 million during the quarter, compared to analysts' expectations of C$111.90 million. Equities research analysts predict that TransAlta Renewables will post 0.7904397 EPS for the current year.

TransAlta Renewables Announces Dividend

The business also recently announced 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 yield of 5.21%. TransAlta Renewables's dividend payout ratio (DPR) is presently 218.60%.

Analyst Upgrades and Downgrades

RNW has been the topic of a number of recent research reports. National Bankshares increased their price objective on shares of TransAlta Renewables from C$18.50 to C$19.00 and gave the company a "sector perform" rating in a research report on Monday, August 8th. Raymond James set a C$19.00 price target on TransAlta Renewables and gave the stock a "market perform" rating in a research report on Thursday, May 5th. TD Securities upped their price objective on TransAlta Renewables from C$18.00 to C$18.50 and gave the company a "hold" rating in a research report on Thursday, May 5th. CIBC lifted their target price on TransAlta Renewables from C$18.50 to C$19.00 in a report on Monday, August 8th. Finally, Royal Bank of Canada cut their target price on TransAlta Renewables from C$21.00 to C$20.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 5th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.
Transalta Renewables Inc stock gained 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
Last Earnings
8/04/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
Today
8/17/2022
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
+5.4%
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$534 million
Cash Flow
C$0.82 per share
Book Value
C$6.85 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.81 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 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 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 12 month target prices for TransAlta Renewables' stock. 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$19.00 in the next twelve months. This suggests a possible upside of 5.4% 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 on January 1st, 2022. Since then, RNW stock has decreased by 3.8% and is now trading at C$18.03.
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 were TransAlta Renewables' earnings last quarter?

TransAlta Renewables Inc. (TSE:RNW) posted its quarterly 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 had revenue of $139 million for the quarter, compared to analyst estimates of $111.90 million.

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

TransAlta Renewables declared a monthly dividend on Friday, August 12th. Investors of record on Wednesday, August 31st will be given a dividend of 0.0783 per share on Wednesday, August 31st. This represents a $0.94 annualized dividend and a dividend yield of 5.21%. The ex-dividend date 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 5.22%. 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.

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$18.03.

How much money does TransAlta Renewables make?

TransAlta Renewables (TSE:RNW) has a market capitalization of C$4.81 billion and generates C$534 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 8/17/2022 by MarketBeat.com Staff

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