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Transalta Corp. (TAC)
NYSE:TAC
TransAlta (TAC) Stock Price & Analysis
334 Followers
TAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.94 - $10.24
Previous Close$7.04
Volume836.03K
Average Volume (3M)887.53K
Market Cap
$2.17B
Enterprise Value$5.08B
Total Cash (Recent Filing)C$348.00M
Total Debt (Recent Filing)C$4.21B
Price to Earnings (P/E)4.5
Beta0.73
Next Earnings
Aug 02, 2024EPS Estimate
$0.07Next Dividend Ex-Date
May 31, 2024Dividend Yield2.37%
Share Statistics
EPS (TTM)1.56
Shares Outstanding309,865,239
10 Day Avg. Volume1,129,878
30 Day Avg. Volume887,532
Standard Deviation0.09
R-Squared0.25
Alpha-0.00325
Financial Highlights & Ratios
Price to Book (P/B)-18.96
Price to Sales (P/S)0.64
Price to Cash Flow (P/CF)1.40
P/FCF Ratio1.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$10.97Price Target Upside57.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
TransAlta News
PremiumCompany Announcements
TransAlta Reports Lower Q1 Earnings and Revenue
PremiumCompany Announcements
TransAlta Corp Exceeds Q1 Expectations
PremiumCompany Announcements
TransAlta Exceeds Q1 Expectations, Buys Back Shares
PremiumCompany Announcements
TransAlta Shareholders Endorse Directors and Auditors
PremiumCompany Announcements
TransAlta Shareholders Approve Directors and AuditorsPremiumCompany Announcements
TransAlta Shareholders Approve Board and AuditorsBulls Say, Bears Say
Bulls Say
Analyst RatingAnalyst maintains an Outperform rating and $17 target, recommending accumulating shares on recent weakness.
Operational ExcellenceOperational excellence is in focus with improved availability, reduced generation OM&A, and lower sustaining capex projected.
Renewable Growth InitiativesTA shares continue to trade at a substantial discount despite substantial renewable power growth initiatives.
Bears Say
Financial HealthA shortfall in corporate free cash flow, influenced by timing-related issues, could signal potential liquidity concerns.
Market CompetitionIntensified competition leading to a necessity for lower wireless pricing could significantly impact profit margins.
Retail PerformanceIncreasing pressures in the retail sector may lead to reduced consumer spending, adversely affecting company sales.
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Ownership Overview
12.87% Insiders
4.09% Mutual Funds
11.33% Other Institutional Investors
71.70% Public Companies and Individual Investors
TAC FAQ
What was Transalta Corp.’s price range in the past 12 months?
Transalta Corp. lowest stock price was $5.94 and its highest was $10.24 in the past 12 months.
What is Transalta Corp.’s market cap?
Currently, no data Available
When is Transalta Corp.’s upcoming earnings report date?
Transalta Corp.’s upcoming earnings report date is Aug 02, 2024 which is in 79 days.
How were Transalta Corp.’s earnings last quarter?
Transalta Corp. released its earnings results on May 03, 2024. The company reported $0.526 earnings per share for the quarter, beating the consensus estimate of $0.113 by $0.414.
Is Transalta Corp. overvalued?
According to Wall Street analysts Transalta Corp.’s price is currently Undervalued.
Does Transalta Corp. pay dividends?
Transalta Corp. pays a Quarterly dividend of $0.04 which represents an annual dividend yield of 2.37%. See more information on Transalta Corp. dividends here
What is Transalta Corp.’s EPS estimate?
Transalta Corp.’s EPS estimate is $0.07.
How many shares outstanding does Transalta Corp. have?
Transalta Corp. has 307,522,280 shares outstanding.
What happened to Transalta Corp.’s price movement after its last earnings report?
Transalta Corp. reported an EPS of $0.526 in its last earnings report, beating expectations of $0.113. Following the earnings report the stock price went up 4.741%.
Which hedge fund is a major shareholder of Transalta Corp.?
Among the largest hedge funds holding Transalta Corp.’s share is Heronetta Management, L.P.. It holds Transalta Corp.’s shares valued at 557K.
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TransAlta Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$10.97 (57.61% Upside)
$10.97 (57.61% Upside)
Blogger Sentiment
Bullish
TAC Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 99.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $49.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.0%
Last 30 Days ▲ 11.4%
Last 30 Days ▲ 11.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-25.81%
12-Months-Change
Fundamentals
Return on Equity
39.33%
Trailing 12-Months
Asset Growth
-11.20%
Trailing 12-Months
Company Description
Transalta Corp.
TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind & Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining its electrical generation. The Energy Marketing segment engages in marketing its production through short-term and long-term contracts. The Corporate segment deals with its central financial, legal, administrative, and investing functions. TransAlta was founded in 1909 and is headquartered in Calgary, Canada.
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TAC Company Deck
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TAC Earnings Call
Q1 2024
0:00 / 0:00
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TAC Stock 12 Month Forecast
Average Price Target
$10.97
▲(57.61% Upside)
Technical Analysis
Dominion Energy
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American Electric Power
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Public Service Enterprise
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Edison International
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Best Analysts Covering TAC
1 Year
1 Year Success Rate
15/26 ratings generated profit
1 Year Average Return
+13.37%
reiterated a buy rating 7 months ago
Copying Robert Hope's trades and holding each position for 1 Year would result in 57.69% of your transactions generating a profit, with an average return of +13.37% per trade.
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