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TSE:TA

TransAlta (TA) Stock Price, News & Analysis

C$9.61
-0.29 (-2.93%)
(As of 11:09 AM ET)
Today's Range
C$9.52
C$9.81
50-Day Range
C$9.20
C$11.02
52-Week Range
C$9.16
C$13.97
Volume
307,999 shs
Average Volume
671,671 shs
Market Capitalization
C$2.98 billion
P/E Ratio
4.49
Dividend Yield
2.50%
Price Target
C$16.10

TransAlta MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
65.5% Upside
C$16.10 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.39mentions of TransAlta in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
C$1.23 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 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

TransAlta Full Year 2023 Earnings: EPS Beats Expectations
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Bay Street May Open With Slightly Negative Bias
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Earnings Preview: TransAlta
TransAlta is about to announce its earnings — here's what to expect
TransAlta (TAC) to Post Q4 Earnings: Here's What to Expect
TSX Earnings: Week of Feb 20- Feb 23
TransAlta Corp (TA-PH.TO)
TransAlta (TA) Scheduled to Post Earnings on Friday
TransAlta Corp (TA-PG.TO)
See More Headlines
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Company Calendar

Ex-Dividend for 1/1 Dividend
11/30/2023
Dividend Payable
1/01/2024
Last Earnings
2/23/2024
Today
2/25/2024
Ex-Dividend for 4/1 Dividend
2/29/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/03/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
C$16.10
High Stock Price Target
C$18.50
Low Stock Price Target
C$13.00
Potential Upside/Downside
+62.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
C$565 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.58 billion
Cash Flow
C$2.33 per share
Book Value
C$3.61 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.07 billion
Optionable
Not Optionable
Beta
0.92
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Key Executives

  • Mr. John Harry Kousinioris (Age 59)
    President, CEO & Director
    Comp: $2.51M
  • Mr. Todd John Stack (Age 57)
    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 49)
    Executive Vice President of Project Delivery & Construction
    Comp: $847.87k
  • Ms. Kerry O'Reilly Wilks (Age 46)
    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?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 1 hold rating, 8 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?

10 Wall Street analysts have issued 1-year price targets for TransAlta's stock. Their TA share price targets range from C$13.00 to C$18.50. On average, they predict the company's stock price to reach C$16.10 in the next twelve months. This suggests a possible upside of 65.5% 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 2024?

TransAlta's stock was trading at C$11.02 at the beginning of the year. Since then, TA shares have decreased by 11.7% and is now trading at C$9.73.
View the best growth stocks for 2024 here
.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our TA earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (TSE:TA) released its quarterly earnings results on Friday, February, 23rd. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by $0.45. The business earned $624 million during 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. Shareholders 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 2.47%. The ex-dividend date of this dividend is Thursday, February 29th. This is a boost 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 2.58%. 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 2/26/2024 by MarketBeat.com Staff