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 .

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

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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: -0.26
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

4.5

Analyst's Opinion

Consensus Rating
TransAlta has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$16.32, TransAlta has a forecasted upside of 49.0% from its current price of C$10.95.
Amount of Analyst Coverage
TransAlta has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for TA.

1.7

Dividend Strength

Dividend Yield
TransAlta pays a meaningful dividend of 2.18%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
TransAlta does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TransAlta is 11.21%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TA.

1.0

News and Social Media Coverage

News Sentiment
TransAlta has a news sentiment score of -0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for TransAlta this week, compared to 3 articles on an average week.
Search Interest
Only 5 people have searched for TA on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added TransAlta to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$878,019.00 in company stock.
Percentage Held by Insiders
Only 0.18% of the stock of TransAlta is held by insiders.
Percentage Held by Institutions
75.26% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta is 5.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta is 5.12, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 106.55.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for TransAlta, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
TransAlta has a P/B Ratio of 3.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

TA Stock News Headlines

December 7, 2023 | theglobeandmail.com

Closing Bell: Transalta Corporation Pref Ser D up on Monday (TA-PR-G)

December 5, 2023 | finance.yahoo.com

Should You Think About Buying TransAlta Corporation (TSE:TA) Now?

December 8, 2023 | Autonomix (Ad)

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November 28, 2023 | americanbankingnews.com

TransAlta Co. (TSE:TA) Senior Officer Kerry Lynn O'reilly Sells 44,063 Shares

November 26, 2023 | finance.yahoo.com

11 Most Undervalued Utility Stocks to Buy According to Hedge Funds

November 21, 2023 | msn.com

TransAlta sees 2024 adjusted EBITDA in the range of $1.15B to $1.3B

November 21, 2023 | msn.com

TransAlta declares raises dividend by 9.1% to CAD 0.06

November 21, 2023 | msn.com

TransAlta going greener as it maps out $3.5B in spending, mainly on renewables

December 8, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

November 21, 2023 | finance.yahoo.com

TransAlta Announces Growth Targets to 2028, Financial Outlook for 2024 and Declares Dividend Increase of 9%

November 19, 2023 | finance.yahoo.com

With 58% institutional ownership, TransAlta Corporation (TSE:TA) is a favorite amongst the big guns

November 11, 2023 | theglobeandmail.com

Closing Bell: Transalta Corp Pref Sh Series E down on Friday (TA-PR-H)

November 8, 2023 | finance.yahoo.com

TransAlta Corporation (NYSE:TAC) Q3 2023 Earnings Call Transcript

November 7, 2023 | theglobeandmail.com

Power producer TransAlta reports third-quarter profit up from year ago

November 7, 2023 | marketwatch.com

Toronto Stocks Slide; TransAlta Rises on Higher Profit, Revenue in 3Q

November 7, 2023 | marketwatch.com

TransAlta Profit, Revenue Rise in 3Q

November 7, 2023 | msn.com

TransAlta GAAP EPS of $1.41, revenue of $1.02B

November 7, 2023 | markets.businessinsider.com

TransAlta Corp. Q3 FFO Declines

November 3, 2023 | theglobeandmail.com

Closing Bell: Transalta Corp Pref Ser B up on Friday (TA-PR-E)

November 2, 2023 | finance.yahoo.com

Can TransAlta Corporation (TSE:TA) Maintain Its Strong Returns?

November 2, 2023 | theglobeandmail.com

TransAlta buying Heartland Generation in deal worth $658-million including assumed debt

November 2, 2023 | marketwatch.com

TransAlta to Buy Heartland Generation from Energy Capital Partners

November 2, 2023 | msn.com

TransAlta to buy Heartland Generation in C$658M deal

November 2, 2023 | finance.yahoo.com

TransAlta to Acquire Heartland Generation from Energy Capital Partners for $658 million - Expands Capabilities to Meet Demands of Energy Transition

October 26, 2023 | theglobeandmail.com

Closing Bell: Transalta Corp Prfd Series A up on Thursday (TA-PR-D)

October 26, 2023 | theglobeandmail.com

Closing Bell: Transalta Corp Pref Ser B flat on Thursday (TA-PR-E)

October 24, 2023 | theglobeandmail.com

Closing Bell: Transalta Corp Pref Ser B up on Tuesday (TA-PR-E)

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Utilities - Independent Power Producers
Sub-Industry: N/A
Sector: Utilities
Current Symbol: TSE:TA
CUSIP: N/A
CIK: N/A
Web: www.transalta.com
Phone: +1-403-2674724
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

EPS (Most Recent Fiscal Year): C$2.14
Trailing P/E Ratio: 5.13
Forward P/E Ratio: 22.86
P/E Growth: -0.07
Net Income: C$565 million
Net Margins: 17.18%
Pretax Margin: N/A
Return on Equity: 30.24%
Return on Assets: 6.97%

Debt

Debt-to-Equity Ratio: 161.55
Current Ratio: 1.54
Quick Ratio: 0.62

Sales & Book Value

Annual Sales: C$3.58 billion
Price / Sales: 0.95
Cash Flow: C$2.59 per share
Price / Cash Flow: 4.25
Book Value: C$3.61 per share
Price / Book: 3.04

Miscellaneous

Outstanding Shares: 309,900,000
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

TransAlta MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About TransAlta Stock (TSE:TA)

TA Stock Price History

TA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™