Analysts Set Expectations for TransAlta FY2028 Earnings

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - National Bank Financial issued their FY2028 EPS estimates for shares of TransAlta in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny expects that the company will earn $1.21 per share for the year.

TA has been the subject of a number of other research reports. CIBC cut shares of TransAlta from an "outperform" rating to a "neutral" rating and increased their price objective for the stock from C$17.00 to C$23.00 in a research report on Wednesday. Desjardins raised their price target on TransAlta from C$15.50 to C$16.00 and gave the stock a "hold" rating in a research report on Wednesday, December 18th. TD Securities boosted their price objective on TransAlta from C$16.00 to C$18.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Scotiabank upgraded TransAlta to a "strong-buy" rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada boosted their price target on shares of TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.33.

TransAlta Trading Down 2.4 %

Shares of TransAlta stock traded down C$0.46 during mid-day trading on Wednesday, hitting C$19.08. The stock had a trading volume of 3,560,283 shares, compared to its average volume of 2,798,718. The firm has a 50-day moving average of C$17.17 and a two-hundred day moving average of C$13.60. The firm has a market cap of C$5.69 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$20.98.

TransAlta Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. TransAlta's dividend payout ratio (DPR) is 12.63%.

Insider Buying and Selling

In other news, Director John Harry Kousinioris sold 35,179 shares of TransAlta stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total value of C$729,260.67. Also, Senior Officer Jane Nyla Fedoretz sold 8,000 shares of the stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$15.49, for a total transaction of C$123,920.00. Insiders have sold a total of 204,763 shares of company stock valued at $3,478,670 over the last quarter. 0.21% of the stock is currently owned by insiders.

About TransAlta

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 holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.