TSE:RNW

TransAlta Renewables Stock Forecast, Price & News

C$21.54
+0.04 (+0.19 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
C$21.43
C$21.78
50-Day Range
C$19.04
C$21.81
52-Week Range
C$14.83
C$24.47
Volume373,857 shs
Average Volume564,671 shs
Market CapitalizationC$5.75 billion
P/E Ratio40.64
Dividend Yield4.37%
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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TransAlta Renewables logo

About TransAlta Renewables

TransAlta Renewables Inc. develops, owns, and operates renewable power generation facilities. As of March 3, 2021, it owned and operated 23 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, 1 natural gas pipeline, and 1 battery storage comprising an ownership interest of 2,537 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as 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.

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MarketRank

Overall MarketRank

1.16 out of 5 stars

Analyst Opinion: 1.1Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
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TransAlta Renewables (TSE:RNW) Frequently Asked Questions

Is TransAlta Renewables a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 stocks does MarketBeat like better than TransAlta Renewables?

Wall Street analysts have given TransAlta Renewables a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TransAlta Renewables wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is TransAlta Renewables' next earnings date?

TransAlta Renewables is scheduled to release its next quarterly earnings announcement on Friday, July 30th 2021.
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, 12th. The company reported $0.19 EPS for the quarter, meeting the Zacks' consensus estimate of $0.19. The company earned $126 million during the quarter, compared to analyst estimates of $125.80 million.
View TransAlta Renewables' earnings history
.

How has TransAlta Renewables' stock price been impacted by Coronavirus?

TransAlta Renewables' stock was trading at C$13.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RNW shares have increased by 54.1% and is now trading at C$21.54.
View which stocks have been most impacted by COVID-19
.

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

TransAlta Renewables declared a monthly dividend on Wednesday, July 14th. Shareholders of record on Friday, July 30th will be paid a dividend of 0.0783 per share on Friday, July 30th. This represents a $0.94 annualized dividend and a yield of 4.36%. The ex-dividend date is Wednesday, July 14th.
View TransAlta Renewables' dividend history
.

Is TransAlta Renewables a good dividend stock?

TransAlta Renewables pays an annual dividend of C$0.94 per share and currently has a dividend yield of 4.37%. 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 177.35%. Payout ratios above 75% are not desirable because they may not be sustainable.
View TransAlta Renewables' dividend history.

What price target have analysts set for RNW?

7 brokerages have issued 1 year target prices for TransAlta Renewables' stock. Their forecasts range from C$19.00 to C$22.00. On average, they expect TransAlta Renewables' share price to reach C$20.67 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
View analysts' price targets for TransAlta Renewables
or view top-rated stocks among Wall Street analysts.

Who are TransAlta Renewables' key executives?

TransAlta Renewables' management team includes the following people:
  • Mr. Brent Ward, Chief Financial Officer
  • Mr. Aron John Willis, Exec. Vice-Pres of Growth (Age 46, Pay $236.47k)
  • Mr. Scott T. Jeffers, Corp. Sec.
  • Mr. Todd John Stack, Pres & Director (Age 54)
  • Ms. Sally Taylor, Mang. of Investor Relations
  • Ms. Michelle Cameron, MD & Corp. Controller

Who are some of TransAlta Renewables' key competitors?

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), The Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), Inter Pipeline (IPL), BCE (BCE), Manulife Financial (MFC), Algonquin Power & Utilities (AQN), The 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$21.54.

How much money does TransAlta Renewables make?

TransAlta Renewables has a market capitalization of C$5.75 billion and generates C$448 million in revenue each year.

What is TransAlta Renewables' official website?

The official website for TransAlta Renewables is www.transalta.com.

Where are TransAlta Renewables' headquarters?

TransAlta Renewables is headquartered at 110 12th Avenue SW, Stn M PO Box 1900, CALGARY, AB T2P 2M1, Canada.

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 company can be reached via phone at +1-403-2677110.


This page was last updated on 7/28/2021 by MarketBeat.com Staff
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