TransAlta FY2025 EPS Estimate Reduced by Atb Cap Markets

TransAlta Co. (NYSE:TAC - Free Report) TSE: TA - Research analysts at Atb Cap Markets cut their FY2025 EPS estimates for shares of TransAlta in a note issued to investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will post earnings of $0.32 per share for the year, down from their previous forecast of $0.41. 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 quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.28). The firm had revenue of $484.60 million for the quarter. TransAlta had a net margin of 6.38% and a return on equity of 18.47%.

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

TransAlta Stock Up 2.5 %

TAC opened at $8.79 on Friday. TransAlta has a 1 year low of $6.51 and a 1 year high of $14.64. The firm has a 50 day moving average price of $9.41 and a 200 day moving average price of $10.99. 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 company has a market cap of $2.62 billion, a PE ratio of 21.43 and a beta of 0.72.

Institutional Investors Weigh In On TransAlta

Several institutional investors have recently bought and sold shares of TAC. Barclays PLC increased its position in shares of TransAlta by 281.5% during the 3rd quarter. Barclays PLC now owns 143,062 shares of the utilities provider's stock valued at $1,482,000 after purchasing an additional 105,562 shares during the period. Geode Capital Management LLC boosted its stake in TransAlta by 2.1% during the third quarter. Geode Capital Management LLC now owns 122,621 shares of the utilities provider's stock valued at $1,277,000 after buying an additional 2,524 shares in the last quarter. Franklin Resources Inc. grew its holdings in TransAlta by 190.6% during the third quarter. Franklin Resources Inc. now owns 147,669 shares of the utilities provider's stock worth $1,550,000 after acquiring an additional 96,856 shares during the period. Artemis Investment Management LLP bought a new stake in TransAlta in the fourth quarter worth about $7,139,000. Finally, Ballentine Partners LLC acquired a new stake in TransAlta in the 4th quarter valued at about $145,000. Institutional investors and hedge funds own 59.00% of the company's stock.

TransAlta Increases Dividend

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

TransAlta Company Profile

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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