Q4 Earnings Forecast for TransAlta Issued By Atb Cap Markets

TransAlta Co. (NYSE:TAC - Free Report) TSE: TA - Equities researchers at Atb Cap Markets upped their Q4 2024 earnings per share (EPS) estimates for shares of TransAlta in a research note issued to investors on Thursday, November 14th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will post earnings of $0.12 per share for the quarter, up from their previous forecast of $0.11. The consensus estimate for TransAlta's current full-year earnings is $0.55 per share. Atb Cap Markets also issued estimates for TransAlta's FY2026 earnings at $0.40 EPS.

Other equities research analysts have also recently issued research reports about the company. Desjardins reaffirmed a "hold" rating on shares of TransAlta in a report on Wednesday, November 6th. StockNews.com lowered TransAlta from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 6th.

TransAlta Trading Up 0.2 %

TAC traded up $0.02 on Monday, hitting $10.28. The company had a trading volume of 351,249 shares, compared to its average volume of 759,671. The firm has a market cap of $3.07 billion, a P/E ratio of 27.84 and a beta of 0.92. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 2.94. The company's fifty day moving average price is $10.12 and its 200 day moving average price is $8.44. TransAlta has a 1 year low of $5.94 and a 1 year high of $11.10.

Institutional Trading of TransAlta

Several large investors have recently made changes to their positions in the stock. Rubric Capital Management LP boosted its stake in TransAlta by 20.0% during the 3rd quarter. Rubric Capital Management LP now owns 5,622,961 shares of the utilities provider's stock valued at $58,254,000 after purchasing an additional 935,803 shares during the period. FMR LLC boosted its stake in TransAlta by 9.8% during the 3rd quarter. FMR LLC now owns 4,593,023 shares of the utilities provider's stock valued at $47,613,000 after purchasing an additional 408,184 shares during the period. National Bank of Canada FI boosted its stake in TransAlta by 9.0% during the 2nd quarter. National Bank of Canada FI now owns 3,618,296 shares of the utilities provider's stock valued at $25,267,000 after purchasing an additional 299,594 shares during the period. Yaupon Capital Management LP boosted its stake in TransAlta by 69.9% during the 3rd quarter. Yaupon Capital Management LP now owns 2,685,955 shares of the utilities provider's stock valued at $27,840,000 after purchasing an additional 1,105,191 shares during the period. Finally, Intact Investment Management Inc. boosted its stake in TransAlta by 5.6% during the 2nd quarter. Intact Investment Management Inc. now owns 1,912,250 shares of the utilities provider's stock valued at $13,557,000 after purchasing an additional 101,200 shares during the period. Institutional investors own 59.00% of the company's stock.

TransAlta Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a $0.044 dividend. This represents a $0.18 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta's payout ratio is currently 45.95%.

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.