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NYSE:TAC

TransAlta (TAC) Stock Price, News & Analysis

TransAlta logo
$10.38 +0.10 (+0.97%)
(As of 10:46 AM ET)

About TransAlta Stock (NYSE:TAC)

Key Stats

Today's Range
$10.25
$10.39
50-Day Range
$9.13
$11.08
52-Week Range
$5.94
$11.10
Volume
35,386 shs
Average Volume
754,901 shs
Market Capitalization
$3.10 billion
P/E Ratio
28.05
Dividend Yield
1.64%
Price Target
N/A
Consensus Rating
Hold

Company Overview

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. The Wind and Solar segment has a net ownership interest of approximately 2,057 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; the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States; and the state of Western Australia. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta, Ontario, Michigan, and the state of 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. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

TransAlta Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

TAC MarketRank™: 

TransAlta scored higher than 45% of companies evaluated by MarketBeat, and ranked 72nd out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for TransAlta are expected to decrease by -23.64% in the coming year, from $0.55 to $0.42 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TransAlta is 28.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TransAlta is 28.00, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.92.

  • Price to Book Value per Share Ratio

    TransAlta has a P/B Ratio of 4.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about TransAlta's valuation and earnings.
  • Percentage of Shares Shorted

    1.30% of the float of TransAlta has been sold short.
  • Short Interest Ratio / Days to Cover

    TransAlta has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in TransAlta has recently increased by 14.50%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    TransAlta pays a meaningful dividend of 1.67%, 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 45.95%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, TransAlta will have a dividend payout ratio of 40.48% next year. This indicates that TransAlta will be able to sustain or increase its dividend.

  • Read more about TransAlta's dividend.
  • Percentage of Shares Shorted

    1.30% of the float of TransAlta has been sold short.
  • Short Interest Ratio / Days to Cover

    TransAlta has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in TransAlta has recently increased by 14.50%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    TransAlta has a news sentiment score of 1.18. 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 higher news sentiment than the 0.68 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for TransAlta this week, compared to 3 articles on an average week.
  • Search Interest

    4 people have searched for TAC on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, TransAlta insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    13.10% of the stock of TransAlta is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    59.00% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about TransAlta's insider trading history.
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TAC Stock News Headlines

TransAlta price target raised to C$16 from C$15 at National Bank
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CIBC Keeps Their Buy Rating on TransAlta (TAC)
TransAlta price target raised to C$16 from C$14 at RBC Capital
TransAlta Corp Reports Q3 2024 Earnings Performance
See More Headlines

TAC Stock Analysis - Frequently Asked Questions

TransAlta's stock was trading at $8.31 at the beginning of 2024. Since then, TAC shares have increased by 24.7% and is now trading at $10.36.
View the best growth stocks for 2024 here
.

TransAlta Co. (NYSE:TAC) posted its earnings results on Thursday, August, 1st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. The utilities provider had revenue of $425.37 million for the quarter. TransAlta had a net margin of 5.72% and a trailing twelve-month return on equity of 17.46%.

TransAlta's top institutional shareholders include Brookfield Corp ON (11.90%), Rubric Capital Management LP (1.88%), FMR LLC (1.54%) and National Bank of Canada FI (0.98%).
View institutional ownership trends
.

Shares of TAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that TransAlta investors own include Meta Platforms (META), NVIDIA (NVDA), Broadcom (AVGO), General Electric (GE), Arista Networks (ANET), Novo Nordisk A/S (NVO) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 10/1 Dividend
8/30/2024
Dividend Payable
10/01/2024
Today
11/21/2024
Ex-Dividend for 1/1 Dividend
11/29/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/01/2025
Next Earnings (Estimated)
2/28/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Utilities
Employees
1,257
Year Founded
N/A

Profitability

Net Income
$514.86 million
Pretax Margin
11.96%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$2.88 per share
Book Value
$2.40 per share

Miscellaneous

Free Float
259,308,000
Market Cap
$3.07 billion
Optionable
Optionable
Beta
0.92
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This page (NYSE:TAC) was last updated on 11/21/2024 by MarketBeat.com Staff
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