TransAlta (TA) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: C$15.02 to C$15.32
• 50-Day Range: C$12.24 to C$15.30
• 52-Week Range: C$8.22 to C$15.37
• Volume: 843,090 shs
• Average Volume: 1.05 million shs
• Market Capitalization: C$4.48 billion
• P/E Ratio: 7.91
• Dividend Yield: 1.60%
• Price Target: C$16.17
• Consensus Rating: Moderate Buy

TransAlta Stock Analysis - MarketRank™

TransAlta scored higher than 35% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TransAlta has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

TransAlta has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of TransAlta is 7.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of TransAlta is 7.91, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 102.78.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for TransAlta, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

TransAlta has a P/B Ratio of 5.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TA.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

TransAlta pays a meaningful dividend of 1.70%, 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 12.63%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TA.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.74

News Sentiment

TransAlta has a news sentiment score of 0.74. 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 news sentiment score is similar to the average news sentiment of Utilities companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for TransAlta this week, compared to 3 articles on an average week.

Search Interest

4 people have searched for TA on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

2 people have added TransAlta to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, TransAlta insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$656,223.00 in company stock.

Percentage Held by Insiders

Only 0.21% of the stock of TransAlta is held by insiders.

Percentage Held by Institutions

70.79% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TA Stock Analysis - Frequently Asked Questions

How have TA shares performed this year?

TransAlta's stock was trading at C$11.02 at the start of the year. Since then, TA stock has increased by 36.3% and is now trading at C$15.02.
View the best growth stocks for 2024 here.

How were TransAlta's earnings last quarter?

TransAlta Co. (TSE:TA) posted its quarterly earnings data on Friday, May, 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.02. The firm earned $578 million during the quarter, compared to analyst estimates of $571.03 million. TransAlta had a trailing twelve-month return on equity of 32.01% and a net margin of 19.50%.

How do I buy shares of TransAlta?

Shares of TA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of TransAlta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TransAlta investors own include TransAlta (TAC), Enbridge (ENB), TC Energy (TRP), Northland Power (NPI), TransAlta Renewables (RNW), Algonquin Power & Utilities (AQN) and B2Gold (BTO).

Company Calendar

• Last Earnings: 5/05/2017
• Ex-Dividend for 10/1 Dividend: 8/30/2024
• Dividend Payable: 10/01/2024
• Today: 11/22/2024
• Ex-Dividend for 1/1 Dividend: 11/29/2024
• Dividend Payable: 1/01/2025
• Next Earnings (Estimated): 2/28/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Independent Power Producers
• Sub-Industry: Utilities
• Current Symbol: TSE:TA
• CUSIP: N/A
• CIK: N/A
• Web: www.transalta.com
• Phone: +1-403-2674724
• Fax: N/A
• Employees: 1,257
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$16.17
• High Stock Price Target: C$18.00
• Low Stock Price Target: C$15.00
• Potential Upside/Downside: +7.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.90
• Trailing P/E Ratio: 7.91
• Forward P/E Ratio: N/A
• P/E Growth: -0.07
• Net Income: C$566 million
• Net Margins: 19.50%
• Pretax Margin: N/A
• Return on Equity: 32.01%
• Return on Assets: 7.07%

Debt

• Debt-to-Equity Ratio: 219.87
• Current Ratio: 0.84
• Quick Ratio: 0.62

Sales & Book Value

• Annual Sales: C$3.17 billion
• Price / Sales: 1.41
• Cash Flow: C$3.54 per share
• Price / Cash Flow: 4.25
• Book Value: C$2.82 per share
• Price / Book: 5.33

Miscellaneous

• Outstanding Shares: 298,100,000
• Free Float: N/A
• Market Cap: C$4.48 billion
• Optionable: Not Optionable
• Beta: 0.93