FY2025 EPS Estimates for TransAlta Decreased by Analyst

TransAlta Co. (NYSE:TAC) (TSE:TA) – Equities researchers at National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of TransAlta in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the utilities provider will earn $0.40 per share for the year, down from their prior estimate of $0.42. The consensus estimate for TransAlta’s current full-year earnings is $0.55 per share. National Bank Financial also issued estimates for TransAlta’s FY2028 earnings at $0.84 EPS.

TAC has been the subject of a number of other reports. Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research note on Thursday, December 5th. CIBC downgraded TransAlta from a “sector outperform” rating to a “neutral” rating in a report on Wednesday. Desjardins restated a “hold” rating on shares of TransAlta in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of TransAlta from a “buy” rating to a “hold” rating in a research note on Saturday, January 4th.

TransAlta Stock Down 2.5 %

TransAlta stock opened at $13.27 on Wednesday. TransAlta has a twelve month low of $5.94 and a twelve month high of $14.64. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 2.94. The company has a 50 day moving average of $12.23 and a 200-day moving average of $9.95. The stock has a market capitalization of $3.96 billion, a PE ratio of 35.87 and a beta of 0.84.

Institutional Trading of TransAlta

Large investors have recently added to or reduced their stakes in the company. Yaupon Capital Management LP grew its holdings in TransAlta by 69.9% during the third quarter. Yaupon Capital Management LP now owns 2,685,955 shares of the utilities provider’s stock worth $27,840,000 after purchasing an additional 1,105,191 shares during the period. Rubric Capital Management LP lifted its position in shares of TransAlta by 20.0% in the third quarter. Rubric Capital Management LP now owns 5,622,961 shares of the utilities provider’s stock valued at $58,254,000 after buying an additional 935,803 shares during the last quarter. Potrero Capital Research LLC bought a new position in shares of TransAlta during the 3rd quarter worth approximately $5,088,000. Clayton Partners LLC increased its holdings in shares of TransAlta by 2,293.5% during the 2nd quarter. Clayton Partners LLC now owns 458,155 shares of the utilities provider’s stock worth $3,244,000 after acquiring an additional 439,013 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of TransAlta by 9.8% during the 3rd quarter. FMR LLC now owns 4,593,023 shares of the utilities provider’s stock worth $47,613,000 after acquiring an additional 408,184 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

TransAlta Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 1st will be paid a $0.0423 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.17 dividend on an annualized basis and a yield of 1.28%. TransAlta’s dividend payout ratio is 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.