Q4 Earnings Estimate for TransAlta Issued By Atb Cap Markets

TransAlta Co. (NYSE:TAC) (TSE:TA) – Investment analysts at Atb Cap Markets upped their Q4 2024 earnings estimates for TransAlta in a report released on Thursday, November 14th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.11. The consensus estimate for TransAlta’s current full-year earnings is $0.55 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2026 earnings at $0.40 EPS.

A number of other research firms also recently weighed in on TAC. StockNews.com downgraded shares of TransAlta from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th. Desjardins reiterated a “hold” rating on shares of TransAlta in a report on Wednesday, November 6th.

TransAlta Stock Performance

NYSE TAC opened at $10.31 on Monday. The business’s 50-day moving average price is $10.12 and its 200 day moving average price is $8.44. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 2.94. TransAlta has a twelve month low of $5.94 and a twelve month high of $11.10. The company has a market capitalization of $3.08 billion, a PE ratio of 27.84 and a beta of 0.92.

Institutional Investors Weigh In On TransAlta

Several large investors have recently made changes to their positions in TAC. Blue Trust Inc. raised its holdings in shares of TransAlta by 1,381.5% during the 2nd quarter. Blue Trust Inc. now owns 4,237 shares of the utilities provider’s stock valued at $30,000 after buying an additional 3,951 shares during the period. Financial Management Professionals Inc. acquired a new stake in TransAlta in the third quarter valued at approximately $42,000. Quantbot Technologies LP acquired a new position in shares of TransAlta during the third quarter worth $61,000. Mather Group LLC. acquired a new position in shares of TransAlta during the second quarter worth $64,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of TransAlta during the first quarter worth $66,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

TransAlta Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be given a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is presently 45.95%.

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.