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TSE:TA

TransAlta (TA) Stock Price, News & Analysis

TransAlta logo
C$19.89 -0.13 (-0.65%)
(As of 12/20/2024 05:18 PM ET)

About TransAlta Stock (TSE:TA)

Key Stats

Today's Range
C$19.78
C$20.35
50-Day Range
C$13.95
C$20.55
52-Week Range
C$8.22
C$20.98
Volume
3.33 million shs
Average Volume
1.14 million shs
Market Capitalization
C$5.93 billion
P/E Ratio
10.47
Dividend Yield
1.21%
Price Target
C$17.08
Consensus Rating
Buy

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
31st Percentile Overall Score

TA MarketRank™: 

TransAlta scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TransAlta has received a consensus rating of Buy. The company's average rating score is 3.00, 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 3 research reports in the past 90 days.

  • Read more about TransAlta's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TransAlta is 10.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TransAlta is 10.47, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 94.95.

  • 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 7.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for TA.
  • 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%.

  • Read more about TransAlta's dividend.
  • Short Interest

    There is no current short interest data available for TA.
  • News Sentiment

    TransAlta has a news sentiment score of 0.70. 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 15 news articles for TransAlta this week, compared to 4 articles on an average week.
  • Search Interest

    6 people have searched for TA on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added TransAlta to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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$3,757,070.00 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.

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

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Desjardins Issues Positive Forecast for TransAlta (TSE:TA) Stock Price
TransAlta (TSE:TA) Given New C$22.00 Price Target at BMO Capital Markets
See More Headlines

TA Stock Analysis - Frequently Asked Questions

TransAlta's stock was trading at C$11.02 at the beginning of 2024. Since then, TA stock has increased by 80.5% and is now trading at C$19.89.
View the best growth stocks for 2024 here
.

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

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.

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
Ex-Dividend for 1/1 Dividend
11/29/2024
Today
12/21/2024
Dividend Payable
1/01/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Independent Power Producers
Sub-Industry
Utilities
CIK
N/A
Fax
N/A
Employees
1,257
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$17.08
High Stock Price Target
C$22.00
Low Stock Price Target
C$15.00
Potential Upside/Downside
-14.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
C$566 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.17 billion
Cash Flow
C$4.68 per share
Book Value
C$2.82 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.93 billion
Optionable
Not Optionable
Beta
0.93
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This page (TSE:TA) was last updated on 12/21/2024 by MarketBeat.com Staff
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