National Bank Financial Comments on TransAlta FY2028 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at National Bank Financial issued their FY2028 EPS estimates for TransAlta in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny expects that the company will earn $1.21 per share for the year.

TA has been the subject of a number of other reports. TD Securities raised their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Desjardins lifted their price objective on shares of TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. CIBC cut shares of TransAlta from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$17.00 to C$23.00 in a research report on Wednesday. BMO Capital Markets lifted their price target on TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. Finally, Scotiabank upgraded TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$18.33.

TransAlta Stock Performance

Shares of TSE TA opened at C$19.08 on Wednesday. The firm’s fifty day moving average is C$17.17 and its two-hundred day moving average is C$13.60. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$20.98. The company has a market cap of C$5.69 billion, a P/E ratio of 10.04, a P/E/G 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.

Insider Activity at TransAlta

In related news, Director John Harry Kousinioris sold 69,982 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$15.15, for a total transaction of C$1,060,227.30. Also, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total transaction of C$377,750.00. Insiders have sold 204,763 shares of company stock valued at $3,478,670 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

TransAlta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.26%. TransAlta’s payout ratio is 12.63%.

TransAlta Company Profile

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.