National Bank Financial Comments on TransAlta Q1 Earnings

TransAlta Co. (NYSE:TAC - Free Report) TSE: TA - Investment analysts at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for TransAlta in a research note issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny expects that the utilities provider will post earnings of $0.04 per share for the quarter. The consensus estimate for TransAlta's current full-year earnings is $0.41 per share.

TransAlta (NYSE:TAC - Get Free Report) TSE: TA last posted its earnings results on Thursday, February 20th. The utilities provider reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.28). TransAlta had a net margin of 6.38% and a return on equity of 18.47%. The company had revenue of $484.60 million during the quarter.

TAC has been the topic of several other research reports. StockNews.com lowered TransAlta from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. CIBC raised shares of TransAlta from a "neutral" rating to an "outperformer" rating and cut their target price for the company from $23.00 to $19.50 in a report on Tuesday, February 18th. Cibc World Mkts upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group assumed coverage on shares of TransAlta in a research note on Friday, April 11th. They issued a "hold" rating on the stock. Finally, Scotiabank downgraded shares of TransAlta from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TransAlta has an average rating of "Hold" and a consensus price target of $19.50.

TransAlta Stock Up 2.5 %

TAC opened at $8.79 on Friday. TransAlta has a one year low of $6.51 and a one year high of $14.64. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.67 and a current ratio of 0.74. The stock has a market capitalization of $2.62 billion, a P/E ratio of 21.43 and a beta of 0.72. The business's 50-day simple moving average is $9.41 and its 200-day simple moving average is $10.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TAC. NBC Securities Inc. lifted its position in TransAlta by 145,600.0% in the first quarter. NBC Securities Inc. now owns 2,914 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 2,912 shares during the period. Tobam purchased a new position in shares of TransAlta during the 4th quarter worth approximately $46,000. Ballentine Partners LLC acquired a new stake in shares of TransAlta in the 4th quarter valued at approximately $145,000. Orion Portfolio Solutions LLC purchased a new stake in shares of TransAlta in the fourth quarter valued at approximately $147,000. Finally, Private Advisor Group LLC acquired a new position in TransAlta during the fourth quarter worth $150,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

TransAlta Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 1st will be paid a $0.0458 dividend. This is a boost from TransAlta's previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Friday, May 30th. TransAlta's payout ratio is currently 43.90%.

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.

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