TransAlta Corporation (TAC)

NYSE: TAC · IEX Real-Time Price · USD
6.93
-0.15 (-2.12%)
May 23, 2024, 4:00 PM EDT - Market closed
-2.12%
Market Cap 2.11B
Revenue (ttm) 2.36B
Net Income (ttm) 420.59M
Shares Out 304.10M
EPS (ttm) 1.41
PE Ratio 4.90
Forward PE 9.98
Dividend $0.17 (2.52%)
Ex-Dividend Date May 31, 2024
Volume 624,843
Open 7.08
Previous Close 7.08
Day's Range 6.86 - 7.09
52-Week Range 5.94 - 10.40
Beta 0.87
Analysts n/a
Price Target n/a
Earnings Date May 3, 2024

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]

Sector Utilities
Founded 1909
Employees 1,222
Stock Exchange NYSE
Ticker Symbol TAC
Full Company Profile

Financial Performance

In 2023, TransAlta's revenue was 3.36 billion, an increase of 12.74% compared to the previous year's 2.98 billion. Earnings were 644.00 million, an increase of 16000.00%.

Financial numbers in CAD Financial Statements

News

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")...

2 days ago - GlobeNewsWire

TransAlta Reports First Quarter 2024 Results

CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the first quarter ended March 31,...

21 days ago - GlobeNewsWire

TransAlta Corporation Announces Results of the Annual Meeting of Shareholders and Election of all Directors

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its Annual Meeting of Shareholders (“the Meeting”) on April 25, 202...

4 weeks ago - GlobeNewsWire

TransAlta Declares Dividends

CALGARY, Alberta, April 24, 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 July 1, 20...

4 weeks ago - GlobeNewsWire

TransAlta Achieves Commercial Operation of 300 MW White Rock Project and Increases its US Renewables Fleet to 820 MW

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the combined 300 MW White Rock East and White Rock ...

4 weeks ago - GlobeNewsWire

TransAlta Joins Other Water Licence Holders and the Alberta Government to collaborate on flow management on the Bow River System

CALGARY, Alberta, April 19, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that it has signed onto a voluntary water-sharing memora...

4 weeks ago - GlobeNewsWire

TransAlta Announces Retirement of CFO and Appointment of New CFO

CALGARY, Alberta, April 11, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today the retirement of Todd Stack, Executive Vice-President, ...

6 weeks ago - GlobeNewsWire

Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call

CALGARY, AB , March 28, 2024  /PRNewswire/ -  2024 Annual Meeting of TransAlta Corporation Shareholders On Thursday, April 25, 2024, TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will hold...

2 months ago - PRNewsWire

TransAlta Corporation Enters into Automatic Share Purchase Plan

CALGARY, AB , March 22, 2024 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into an automatic share purchase plan ("ASPP"...

2 months ago - PRNewsWire

TransAlta Reports Full Year and Fourth Quarter 2023 Results and Announces Enhanced Share Repurchase Program

CALGARY, AB , Feb. 23, 2024 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the fourth quarter and year ended Dec. 31...

3 months ago - PRNewsWire

TransAlta and BHP Announce Commercial Operation of Innovative Hybrid Renewables Facility to Power Remote Mining Operations in Western Australia

CALGARY, AB , Nov. 22, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) and BHP Group Limited ("BHP") (NYSE: BHP) (ASX: BHP) announced today that the 48 M...

Other symbols: BHP
6 months ago - PRNewsWire

TransAlta Announces Growth Targets to 2028, Financial Outlook for 2024 and Declares Dividend Increase of 9%

CALGARY, AB , Nov. 21, 2023 /PRNewswire/ -  Highlights Expanded growth targets to deliver up to 1.75 GW with a target investment of $3.5 billion by 2028 which will deliver annual EBITDA of $350 millio...

6 months ago - PRNewsWire

TransAlta Reports Third Quarter 2023 Results

CALGARY, AB , Nov. 7, 2023 /PRNewswire/ - Third Quarter 2023 Financial Highlights Earnings before income taxes of $453 million, an improvement of $327 million from the same period in 2022 Net earnings...

7 months ago - PRNewsWire

TransAlta to Acquire Heartland Generation from Energy Capital Partners for $658 million - Expands Capabilities to Meet Demands of Energy Transition

CALGARY, AB , Nov. 2, 2023 /PRNewswire/ - Highlights Highly accretive to free cash flow and cash yield upon closing with approximately 55% of revenues contracted with a weighted-average remaining life...

7 months ago - PRNewsWire

TransAlta to Host 2023 Investor Day

CALGARY, AB , Oct. 19, 2023 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta") is pleased to announce that it will hold an Investor Day in Toronto on Tuesday, November 21, 2023. ...

7 months ago - PRNewsWire

Media Advisory: TransAlta Third Quarter 2023 Results and Conference Call

CALGARY, AB , Oct. 11, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2023 results before markets open on Tuesday, November 7, 2023. A con...

8 months ago - PRNewsWire

TransAlta Corporation Announces Closing of the Acquisition of TransAlta Renewables Inc. and Final Pro Ration

CALGARY, AB , Oct. 5, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) and TransAlta Renewables Inc. ("RNW") (TSX: RNW) are pleased to announce the comple...

8 months ago - PRNewsWire

TransAlta tops list of Newsweek's World's Most Trustworthy Companies for 2023

CALGARY, AB , Sept. 14, 2023 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) (the "Company" or "TransAlta") announced today that it has ranked first on Newsweek's inaugural "World's Most Tr...

9 months ago - PRNewsWire

TransAlta Reports Second Quarter 2023 Results and Raises 2023 Financial Guidance

CALGARY, AB , Aug. 4, 2023 /PRNewswire/ - Second Quarter 2023 Financial Highlights Adjusted EBITDA(1) of $387 million, an increase of 39 per cent over the same period in 2022 Free Cash Flow ("FCF")(1)...

10 months ago - PRNewsWire

TransAlta to buy TransAlta Renewables for $1 bln

Electric utility TransAlta Corp will buy shares of TransAlta Renewables Inc it does not already own for C$1.38 billion ($1.04 billion) in a cash-and-stock deal, the company said on Tuesday.

11 months ago - Reuters

TransAlta Corporation to Acquire TransAlta Renewables Inc. to Simplify Structure and Enhance Strategic Position

Business combination creates a unified, large-scale clean electricity leader to serve customers with clean and reliable electricity Creates a single, publicly-traded entity with one strategy and a sim...

11 months ago - PRNewsWire

TransAlta Renews Normal Course Issuer Bid

CALGARY, AB , May 26, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that the Toronto Stock Exchange ("TSX") has accepted the notice fil...

1 year ago - PRNewsWire

TransAlta Reports First Quarter 2023 Results and Raises 2023 Financial Guidance

CALGARY, AB , May 5, 2023 /PRNewswire/ - First Quarter 2023 Financial Highlights Adjusted EBITDA(1),(2) of $503 million, an increase of 94% over the same period in 2022 Free Cash Flow ("FCF")(1) of $2...

1 year ago - PRNewsWire

TransAlta Corporation Announces Results of the Annual and Special Meeting of Shareholders and Election of all Directors

CALGARY, AB , April 28, 2023 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its Annual and Special Meeting of Shareholders ("the Meeting") on April 28, ...

1 year ago - PRNewsWire

TransAlta Reports Fourth Quarter and Full Year 2022 Results and Commits to Net-Zero by 2045

Fourth Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $541 million, an increase of 123% over the same period in 2021 Free Cash Flow ("FCF")(1) of $315 million, or $1.17 per share, an incr...

1 year ago - PRNewsWire