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TransAlta Stock Price, News & Analysis (TSE:TA)

C$10.95
-0.10 (-0.90%)
(As of 12/8/2023 ET)
Compare
Today's Range
C$10.93
C$11.12
50-Day Range
C$10.15
C$11.96
52-Week Range
C$10.02
C$13.97
Volume
413,475 shs
Average Volume
655,417 shs
Market Capitalization
C$3.39 billion
P/E Ratio
5.12
Dividend Yield
2.19%
Price Target
C$16.32

TransAlta MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
49.0% Upside
C$16.32 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.26mentions of TransAlta in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
C$878,019 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars


TA stock logo

About TransAlta Stock (TSE:TA)

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment has a net ownership interest of approximately 922 megawatts (MW) of owned hydro electrical-generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 1,878 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; and the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta and Ontario in Canada; Michigan, the United States; and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. The company was founded in 1909 and is headquartered in Calgary, Canada.

TA Stock Price History

TA Stock News Headlines

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
TransAlta Profit, Revenue Rise in 3Q
TransAlta Corp. Q3 FFO Declines
See More Headlines
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Company Calendar

Ex-Dividend for 10/1 Dividend
8/31/2023
Dividend Payable
10/01/2023
Last Earnings
11/07/2023
Ex-Dividend for 1/1 Dividend
11/30/2023
Today
12/08/2023
Dividend Payable
1/01/2024
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
1,150
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$16.32
High Stock Price Target
C$18.50
Low Stock Price Target
C$14.00
Potential Upside/Downside
+48.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
C$565 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.58 billion
Cash Flow
C$2.59 per share
Book Value
C$3.61 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.40 billion
Optionable
Not Optionable
Beta
1.13
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Key Executives

  • Mr. John Harry Kousinioris (Age 58)
    President, CEO & Director
    Comp: $2.51M
  • Mr. Todd John Stack (Age 56)
    Executive VP of Finance & CFO
    Comp: $1.13M
  • Ms. Jane Nyla Fedoretz
    Executive VP of People & Culture and Chief Administrative Officer
  • Mr. Aron John Willis (Age 48)
    Executive Vice President of Project Delivery & Construction
    Comp: $847.87k
  • Ms. Kerry O'Reilly Wilks (Age 45)
    Executive Vice President of Growth & Energy Marketing
    Comp: $1.09M
  • Chiara Valentini
    Manager of Investor Relations
  • Mr. Scott T. Jeffers
    Acting Executive Vice President of Legal & Corporate Secretary
  • Ms. Stacey Hatcher
    Manager of Communications
  • Ms. Maria Perry
    MD of People & Talent
  • Mr. Gary Woods
    Managing Director of Gas & Renewables














TA Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TA shares.
View TA analyst ratings
or view top-rated stocks.

What is TransAlta's stock price target for 2024?

11 Wall Street research analysts have issued 12-month target prices for TransAlta's shares. Their TA share price targets range from C$14.00 to C$18.50. On average, they anticipate the company's stock price to reach C$16.32 in the next year. This suggests a possible upside of 49.0% from the stock's current price.
View analysts price targets for TA
or view top-rated stocks among Wall Street analysts.

How have TA shares performed in 2023?

TransAlta's stock was trading at C$12.11 at the start of the year. Since then, TA stock has decreased by 9.6% and is now trading at C$10.95.
View the best growth stocks for 2023 here
.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our TA earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (TSE:TA) issued its quarterly earnings data on Tuesday, November, 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.76. The business had revenue of $1.02 billion for the quarter. TransAlta had a net margin of 17.18% and a trailing twelve-month return on equity of 30.24%.

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

TransAlta declared a quarterly dividend on Tuesday, November 21st. Investors of record on Friday, March 1st will be given a dividend of 0.06 per share on Monday, April 1st. This represents a $0.24 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of C$0.06.
Read our dividend analysis for TA
.

Is TransAlta a good dividend stock?

TransAlta (TSE:TA) pays an annual dividend of C$0.24 per share and currently has a dividend yield of 2.18%. The dividend payout ratio is 11.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TA.

What other stocks do shareholders of TransAlta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TAC), Enbridge (ENB), Manulife Financial (MFC), Bank of America (BAC), Sun Life Financial (SLF), Toronto-Dominion Bank (TD), TC Energy (TRP), Costco Wholesale (COST), Cenovus Energy (CVE) and General Electric (GE).

How do I buy shares of TransAlta?

Shares of TA 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.

This page (TSE:TA) was last updated on 12/8/2023 by MarketBeat.com Staff

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