What is Atb Cap Markets’ Forecast for TransAlta Q4 Earnings?

TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at Atb Cap Markets boosted their Q4 2024 earnings estimates for shares of TransAlta in a research report issued to clients and investors on Tuesday, November 5th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.15 per share for the quarter, up from their prior estimate of $0.02. Atb Cap Markets also issued estimates for TransAlta’s Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.62 EPS.

TA has been the subject of several other reports. Royal Bank of Canada raised their price target on TransAlta from C$14.00 to C$16.00 in a research report on Wednesday. National Bankshares lifted their target price on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. BMO Capital Markets increased their price target on shares of TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, TD Securities increased their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$16.17.

TransAlta Stock Down 1.8 %

TransAlta stock opened at C$14.35 on Friday. The company has a market capitalization of C$4.28 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$15.37. The firm has a 50 day moving average price of C$13.55 and a 200 day moving average price of C$11.24.

TransAlta Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio is presently 12.63%.

Insiders Place Their Bets

In related news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Insiders sold 30,006 shares of company stock valued at $392,973 in the last ninety days. Insiders own 0.21% of the company’s stock.

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.