TransAlta Corporation (TAC)
| Market Cap | 2.82B |
| Revenue (ttm) | 1.98B |
| Net Income (ttm) | 123.02M |
| Shares Out | 297.60M |
| EPS (ttm) | 0.41 |
| PE Ratio | 22.96 |
| Forward PE | 34.35 |
| Dividend | $0.17 (1.84%) |
| Ex-Dividend Date | May 30, 2025 |
| Volume | 1,123,961 |
| Open | 9.34 |
| Previous Close | 9.41 |
| Day's Range | 9.38 - 9.59 |
| 52-Week Range | 5.94 - 14.64 |
| Beta | 0.80 |
| Analysts | Buy |
| Price Target | 19.50 (+105.91%) |
| Earnings Date | May 2, 2025 |
About TAC
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. The Wind and Solar segment has a net ownership interest of approximately 2,057 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, On... [Read more]
Financial Performance
In 2024, TransAlta's revenue was 2.85 billion, a decrease of -15.20% compared to the previous year's 3.36 billion. Earnings were 177.00 million, a decrease of -72.52%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to one analyst, the rating for TAC stock is "Buy" and the 12-month stock price forecast is $19.5.
News
TransAlta Corporation Enters into Automatic Share Purchase Plan
CALGARY, Alberta, March 26, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that it has entered into an automatic share purchase pla...
TransAlta's Growth Story Has Holes And I'm Not Buying It
TransAlta Corporation faces a challenging year with a 20% stock decline, weak grades, and Alberta's collapsing power prices impacting revenue stability. Despite market headwinds, TransAlta's efficienc...
TransAlta Corporation (TAC) Q4 2024 Earnings Call Transcript
TransAlta Corporation (NYSE:TAC) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Stephanie Paris - Vice President of Investor Relations and Corporate Strategy John...
TransAlta Reports Strong 2024 Results, Announces Dividend Increase and 2025 Annual Guidance
CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the fourth quarter and year ended De...
TransAlta to Host Fourth Quarter and Full Year 2024 Results Conference Call
CALGARY, Alberta, Jan. 16, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta”) (TSX:TA)(NYSE:TAC) will release its fourth quarter and full year 2024 results before markets open on Thursday, F...
TransAlta Declares Dividends
CALGARY, Alberta, Dec. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.06 per common share payable on April 1, 20...
TransAlta Closes Acquisition of Heartland Generation
CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (TSX: TA; NYSE: TAC) ("TransAlta" or "Company") announced today that it has completed its acquisition of Heartland Generation ...
TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million
CALGARY, Alberta, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Highlights TransAlta and ECP have agreed to an $80 million purchase price reduction to reflect two required asset divestitures representing 97 MW (n...
TransAlta Corporation (TAC) Q3 2024 Earnings Call Transcript
TransAlta Corporation (NYSE:TAC) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Chiara Valentini - Vice President, Strategic Finance & Investor Relations John Kous...
TransAlta Reports Strong Third Quarter 2024 Results
CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the three and nine months ended ...
Media Advisory: TransAlta Third Quarter 2024 Results and Conference Call
CALGARY, Alberta, Oct. 04, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its third quarter 2024 results before markets open on Tuesday, November 5, 20...
TransAlta Announces Conversion Results for Series G and Series H Preferred Shares
CALGARY, Alberta, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Further to TransAlta Corporation's (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) press release dated August 22, 2024, the Company announced t...
TransAlta: Alberta Power Prices Force Pivot To Preferreds
TransAlta Corporation's Q2 2024 results showcased strong performance due to effective hedging, despite a significant year-over-year drop in Alberta power prices. The company has a big hedge position f...
TransAlta Announces Dividend Rates on Series G Preferred Shares and Series H Preferred Shares
CALGARY, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Further to the news release of TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) dated August 22, 2024, the Company announc...
TransAlta Provides Notice of Series G Preferred Shares Conversion Right
CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) announced today that it does not intend to exercise its right to redeem al...
TransAlta Common Shares: Buy Reiterated, Target Price Increased; Series G Preferreds Are Interesting, Too
TransAlta Corporation's shares have increased by 18.6% since May 31, with a strong investment case expected to continue. Recent power supply issues in Alberta may lead to more incentives for power gen...
TransAlta Corporation (TAC) Q2 2024 Earnings Call Transcript
TransAlta Corporation (NYSE:TAC) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Chiara Valentini - VP, Strategic Finance & Investor Relations John Kousinioris - Pres...
TransAlta Reports Second Quarter 2024 Results
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the three and six months ended J...
Media Advisory: TransAlta Second Quarter 2024 Results and Conference Call
CALGARY, Alberta, July 04, 2024 (GLOBE NEWSWIRE) -- TransAlta will release its second quarter 2024 results before markets open on Thursday, August 1, 2024. A conference call and webcast to discuss the...
Canadian Preferred Shares To Buy Before The Expected Bank of Canada Rate Cuts Trigger FOMO
Preferred shares of Enbridge and other select Canadian utilities and infrastructure companies are expected to perform strongly over the next 6 to 12 months. The Bank of Canada will likely cut interest...
TransAlta: Preferreds Offer Lucrative Yields, Common Shares Show Promise
TransAlta Corporation is an attractive investment option for investors seeking value and predictable cash flows in the current market environment. The company's strong dividend history, shares buyback...
TransAlta Renews Normal Course Issuer Bid
CALGARY, Alberta, May 27, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the Toronto Stock Exchange (“TSX”) has accepted the n...
TransAlta Achieves Commercial Operation of 200 MW Horizon Hill Wind Facility, increasing its United States Renewables Fleet to over 1 GW
CALGARY, Alberta, May 21, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the 200 MW Horizon Hill Wind Project ("Horizon Hill")...
TransAlta: Compelling Value At 18% Free Cash Flow Yield
TransAlta has been a disappointing investment, underperforming other sectors. Q1-2024 showed solid financial performance, with adjusted EBITDA beating consensus estimates. TAC's hedging strategy has a...
TransAlta Corporation (TAC) Q1 2024 Earnings Call Transcript
TransAlta Corporation (NYSE:TAC) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Chiara Valentini - Vice President, Strategic Finance & Investor Relations John Kousinior...