TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Atb Cap Markets boosted their Q4 2024 earnings per share estimates for shares of TransAlta in a report released on Tuesday, November 5th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.15 per share for the quarter, up from their previous 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 topic of several other research reports. Desjardins lowered shares of TransAlta from a "moderate buy" rating to a "hold" rating in a research note on Tuesday. TD Securities raised their price target on TransAlta from C$16.00 to C$18.00 and gave the stock a "buy" rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on TransAlta from C$14.00 to C$16.00 in a research report on Wednesday. CIBC dropped their target price on TransAlta from C$16.50 to C$15.50 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. Finally, National Bankshares boosted their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$16.17.
Get Our Latest Analysis on TransAlta
TSE:TA opened at C$14.62 on Friday. The company has a market cap of C$4.36 billion, a PE ratio of 7.69, a P/E/G ratio of -0.07 and a beta of 0.93. The business's 50 day moving average is C$13.50 and its two-hundred day moving average is C$11.18. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. TransAlta has a 52 week low of C$8.22 and a 52 week high of C$15.37.
In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the company's stock in a transaction 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 have sold 30,006 shares of company stock valued at $392,973 in the last quarter. Insiders own 0.21% of the company's stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.64%. TransAlta's dividend payout ratio (DPR) is 12.63%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider TransAlta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TransAlta wasn't on the list.
While TransAlta currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.