TransAlta Renewables Stock Forecast, Price & News

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.

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.
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TransAlta Renewables is scheduled to release its next quarterly earnings announcement on Friday, July 30th 2021.
View our earnings forecast for TransAlta Renewables.

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.

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.
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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.

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.

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%.
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Some companies that are related to TransAlta Renewables include Brookfield Renewable Partners (BEP.UN), Uniper (UN01), Algonquin Power & Utilities (AQN), Northland Power (NPI), Boralex (BLX), Innergex Renewable Energy (INE), TransAlta (TA), Cryptology Asset Group (CAP), Drax Group (DRX), 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.

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).

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

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.
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One share of RNW stock can currently be purchased for approximately C$21.54.

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

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

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

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.