Transalta/TAC

$7.05

-0.84%
-
1D1W1MYTD1YMAX

About Transalta

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets, utilizing a range of input resources that includes water, wind, solar, natural gas and thermal coal in Canada, the United States and Australia. The Company provides clean power for municipalities, medium and large industries, and utility customers. Its segments include Hydro, Wind & Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Company has a diversified portfolio of energy assets and its diverse fleet of hydro, wind, solar, natural gas and cogeneration generate about 6.7 gigawatts (GW) of electricity. It delivers renewable energy solutions for large scale commercial partners, including tech companies. It operates a fleet of electrical power generation assets, including Antrim Wind Project, Ardenville Wind Facility, Old Town Wind Project, Pinnacle Project, SunHills Solar Project, Cascade hydro power plant, and Fortescue River Gas Pipeline, among others.

Ticker

TAC

Sector

Utilities

Trading on

NYSE

Industry

Electric Utilities

CEO

John Kousinioris

Employees

1,257

Headquarters

Calgary, Canada

Transalta Metrics

BasicAdvanced
$2.2B
Market cap
4.62
P/E ratio
$1.54
EPS
0.85
Beta
$0.16
Dividend rate
2.47%
Dividend yield
$2.2B
0.85295
$10.40
$5.94
858K
$0.16
0.69
0.625
161.726
232.522
8.74%
17.308
6.07%
7.52%
87.33%
10.39%
4.624
0.919
3.406
2.62
6.35
1.67%
2.32%
2.47%
-3.51%
393.22%
16.88%
8.97%

What the Analysts think about Transalta

Analyst Ratings

Majority rating from 7 analysts.
Buy

Price Targets

Average projection from 4 analysts.
47.66% upside
High $11.69
Low $9.50
$7.05
Current price
$10.41
Average price target

Transalta Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
23.44% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$947M
51.76%
Net income
$222M
-476.27%
Profit margin
23.44%
-348.04%

Transalta Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 357.14%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.23
$1.41
-$0.27
$0.72
-
Expected
$0.17
$0.47
$0.19
$0.16
$0.10
Surprise
34.5%
200%
-240.26%
357.14%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Transalta stock?

Transalta (TAC) has a market cap of $2.2B as of May 30, 2024.

What is the P/E ratio for Transalta stock?

The price to earnings (P/E) ratio for Transalta (TAC) stock is 4.62 as of May 30, 2024.

Does Transalta stock pay dividends?

Yes, the Transalta (TAC) stock pays dividends to shareholders. As of May 30, 2024, the dividend rate is $0.1649 and the yield is 2.47%. Transalta has a payout ratio of 8.74% on a trailing twelve-month basis.

When is the next Transalta dividend payment date?

The next Transalta (TAC) dividend payment is scheduled for July 01, 2024.

What is the beta indicator for Transalta?

Transalta (TAC) has a beta rating of 0.85. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Transalta stock price target?

The target price for Transalta (TAC) stock is $10.41, which is 47.66% above the current price of $7.05. This is an average based on projections from 4 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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