TSE:RNW

TransAlta Renewables Stock Forecast, Price & News

C$16.86

+0.04 (+0.24%)

(As of 06/27/2022 12:00 AM ET)

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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

2.0 Analyst's Opinion

Consensus Rating
TransAlta Renewables has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$18.94, TransAlta Renewables has a forecasted upside of 12.4% from its current price of C$16.86.
Amount of Analyst Coverage
TransAlta Renewables has only been the subject of 4 research reports in the past 90 days.

3.9 Community Rank

Outperform Votes
TransAlta Renewables has received 280 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
TransAlta Renewables has received 208 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
TransAlta Renewables has received 57.38% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about TransAlta Renewables and other stocks. Vote “Outperform” if you believe RNW will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RNW will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
TransAlta Renewables is a leading dividend payer. It pays a dividend yield of 5.59%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TransAlta Renewables does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TransAlta Renewables is 195.83%. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta Renewables insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta Renewables is 35.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 20.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta Renewables is 35.13, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 16.84.
Price to Earnings Growth Ratio
TransAlta Renewables has a PEG Ratio of 1.84. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
TransAlta Renewables has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

June 26, 2022 | msn.com

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June 25, 2022 | theglobeandmail.com

Transalta Renewables Inc stock boosted on Friday.

June 24, 2022 | ca.finance.yahoo.com

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June 21, 2022 | americanbankingnews.com

Brokerages Set TransAlta Renewables Inc. (TSE:RNW) Target Price at C$18.94

June 19, 2022 | ca.investing.com

Passive-Income Power: How to Churn Out Over $95/Week in This Bear Market

June 17, 2022 | theglobeandmail.com

Transalta Renewables Inc stock gained on Friday.

June 16, 2022 | ca.finance.yahoo.com

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June 16, 2022 | americanbankingnews.com

TransAlta Renewables (TSE:RNW) Shares Cross Below Two Hundred Day Moving Average of $17.84

June 15, 2022 | msn.com

Retirees: 2 Oversold TSX Dividend Stocks to Buy for Monthly TFSA Passive Income

May 30, 2022 | ca.investing.com

3 Long-Term Renewable Energy Options

May 20, 2022 | msn.com

Time to Buy TransAlta Stock?

May 6, 2022 | seekingalpha.com

TransAlta Corporation (TAC) CEO John Kousinioris on Q1 2022 Earnings Call Transcript

April 25, 2022 | msn.com

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Utilities - Independent Power Producers
Sub-Industry: N/A
Sector: Utilities
Current Symbol: TSE:RNW
CUSIP: N/A
CIK: N/A
Web: www.transalta.com
Phone: +1-403-2677110
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

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 35.13
Forward P/E Ratio: 21.34
P/E Growth: 1.84
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 48.92
Current Ratio: 0.79
Quick Ratio: 0.67

Sales & Book Value

Annual Sales: C$487 million
Price / Sales: 9.24
Cash Flow: C$1.04 per share
Price / Cash Flow: 16.14
Book Value: C$7.28 per share
Price / Book: 2.32

Miscellaneous

Outstanding Shares: 266,900,000
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
Who are some of TransAlta Renewables' key competitors?: Some companies that are related to TransAlta Renewables include Brookfield Renewable Partners (BEP.UN), Algonquin Power & Utilities (AQN), Northland Power (NPI), Uniper (UN01), Boralex (BLX), TransAlta (TA), Innergex Renewable Energy (INE), Drax Group (DRX), Cryptology Asset Group (CAP), ContourGlobal (GLO), Polaris Infrastructure (PIF), PowerHouse Energy Group (PHE), Spark Power Group (SPG), Aggregated Micro Power (AMPH) and Green & Smart (GSH).
View all of RNW's 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), 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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TransAlta Renewables Stock Forecast, Price & News

Receive RNW Stock News and Ratings via Email

RNW Stock Forecast (MarketRank)

Overall MarketRank™

2.0 Analyst's Opinion

3.9 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

1.7 Dividend Strength

0.0 Company Ownership

0.0 Earnings and Valuation

About TransAlta Renewables (TSE:RNW)

RNW Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

TransAlta Renewables Frequently Asked Questions

Should I buy or sell TransAlta Renewables stock right now?

What is TransAlta Renewables' stock price forecast for 2022?

How has TransAlta Renewables' stock price performed in 2022?

When is TransAlta Renewables' next earnings date?

How were TransAlta Renewables' earnings last quarter?

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

Is TransAlta Renewables a good dividend stock?

Who are TransAlta Renewables' key executives?

Who are some of TransAlta Renewables' key competitors?

What other stocks do shareholders of TransAlta Renewables own?

What is TransAlta Renewables' stock symbol?

How do I buy shares of TransAlta Renewables?

What is TransAlta Renewables' stock price today?

How much money does TransAlta Renewables make?

How can I contact TransAlta Renewables?

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