TransAlta Corporation (TAC)

NYSE: TAC · IEX Real-Time Price · USD
10.65
0.12 (1.14%)
Jan 28, 2022 1:47 PM EST - Market open
Market Cap2.90B
Revenue (ttm)1.65B
Net Income (ttm)-263.53M
Shares Out272.19M
EPS (ttm)-1.94
PE Ration/a
Forward PE39.37
Dividend$0.17 (1.63%)
Ex-Dividend DateFeb 28, 2022
Volume82,707
Open10.53
Previous Close10.53
Day's Range10.46 - 10.70
52-Week Range7.96 - 12.13
Beta1.31
AnalystsBuy
Price Target12.88 (+20.9%)
Earnings DateFeb 24, 2022

About TAC

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through six segments: Hydro, Wind and Solar, North American Gas, Australian Gas, Alberta Thermal, and Centralia. The company owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. The...

IndustryIndependent Power and Renewable Electricity Producers
Founded1909
CEODawn Farrell
Employees1,476
Stock ExchangeNYSE
Ticker SymbolTAC
Full Company Profile

Financial Performance

Financial numbers in millions CADFinancial Statements

Analyst Forecast

According to 13 analysts, the average rating for TransAlta stock is "Buy." The 12-month stock price forecast is 12.88, which is an increase of 20.94% from the latest price.

Price Target
$12.88
(20.94% upside)
Analyst Consensus: Buy

News

Media Advisory: TransAlta and TransAlta Renewables Fourth Quarter 2021 Results and Conference Call

CALGARY, AB, Jan. 24, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its fourth quarter 2021 results before markets open on Thursday, February 24, 2022. A con...

4 days ago - PRNewsWire

TransAlta Announces Outlook and Continuing Strong Cash Flow for 2022

CALGARY, AB, Jan. 18, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today its financial outlook for 2022. Highlights Comparable EBITDA range of...

1 week ago - PRNewsWire

TransAlta Achieves Full Phase-Out of Coal in Canada

CALGARY, AB, Dec. 29, 2021 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") announced today that it has completed the last of three planned coal-to-gas conversio...

4 weeks ago - PRNewsWire

TransAlta (TAC) to Build 300 MW Wind Plant, Eyes 2 GW Target

TransAlta (TAC) inks two deals to sell power generated from its to-be-constructed 300 MW-White Rock Wind Project. TAC is on course to achieve 2 GW capacity under its Clean Electricity Growth Plan.

1 month ago - Zacks Investment Research

TransAlta Announces 300 MW White Rock Wind Project

CALGARY, AB, Dec. 22, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into two long-term Power Purchase Agreements ("PP...

1 month ago - PRNewsWire

Correction Notice to Press Release Regarding Dividend Amount on Preferred Shares, Series B

CALGARY, AB, Dec. 14, 2021 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) announced today a correction to its press release issued December 13, 2021 in respect of the dividend amount declare...

1 month ago - PRNewsWire

TransAlta Declares Dividends

CALGARY, AB, Dec. 13, 2021 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.05 per common share payable on April 1, 2022 to shareh...

1 month ago - PRNewsWire

TransAlta Reports Exceptional Third Quarter 2021 Results and Increases Annual Guidance

CALGARY, AB, Nov. 9, 2021 /PRNewswire/ - Third Quarter 2021 Highlights Comparable EBITDA(1) of $381 million, an increase of $125 million or 49 per cent compared to the same period in 2020 Free cash flow...

2 months ago - PRNewsWire

TransAlta Recognized at COP26 Powering the World Past Coal Event

CALGARY, AB, Nov. 5, 2021 /PRNewswire/ - As the world gathers at COP26 to take action on the threat of climate change and keep the Paris Agreement goal of limiting temperature rise to 1.5°C within reach...

2 months ago - PRNewsWire

Why TransAlta (TAC) Might Surprise This Earnings Season

TransAlta (TAC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2021 Results and Conference Call

CALGARY, AB, Oct. 6, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2021 results before markets open on Tuesday, November 9, 2021. A confere...

3 months ago - PRNewsWire

TransAlta (TAC) Unfolds Renewable Plans, Hikes 2022 Dividend

TransAlta (TAC) unveils plans to lower emissions by 70% within 2030 from its 2005 levels and become carbon-neutral by 2050. Also, it ups 2022 dividend by 11%.

3 months ago - Zacks Investment Research

TransAlta Establishes Renewables Growth Targets and Declares Dividend Increase of 11%

Highlights TransAlta has established targets to deliver 2 GW of incremental renewables capacity with a targeted investment of $3 billion by 2025 TransAlta will accelerate its growth with a focus on cust...

4 months ago - PRNewsWire

TransAlta Reports Outstanding Second Quarter 2021 Results and Increases Annual Guidance

CALGARY, AB, Aug. 10, 2021 /PRNewswire/ - Second Quarter 2021 Highlights Comparable EBITDA(1) of $302 million, an increase of $85 million or 39 per cent compared to the same period in 2020 Free cash flo...

5 months ago - PRNewsWire

TransAlta Completes Second Off-Coal Conversion - Another Major Milestone in its Phase Out of Coal

CALGARY, AB, July 19, 2021 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") announced today that it has completed the second of three planned coal-to-gas convers...

6 months ago - PRNewsWire

Media Advisory: TransAlta and TransAlta Renewables Second Quarter 2021 Results and Conference Call

CALGARY, AB, July 13, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its second quarter 2021 results before markets open on Tuesday, August 10, 2021. A confer...

6 months ago - PRNewsWire

TransAlta Announces the Successful Closing of Pioneer Pipeline Sale to ATCO

CALGARY, AB, June 30, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today, together with its partner Tidewater Midstream & Infrastructure Ltd. ...

6 months ago - PRNewsWire

5 Stocks That Boast Solid Earnings Acceleration

Earnings acceleration is viewed as a key metric for share price outperformance. Hence, watch out for stocks like Ambarella (AMBA), TransAlta (TAC) & Nutrien (NTR) that boast superb earnings acceleration.

Other symbols:AMBALBRTNTRPLYA
7 months ago - Zacks Investment Research

TransAlta Announces TSX Acceptance of Normal Course Issuer Bid

CALGARY, AB, May 25, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today announced that the Toronto Stock Exchange ("TSX") has accepted the notice filed ...

8 months ago - PRNewsWire

TransAlta Reports Strong First Quarter 2021 Results led by Exceptional Performance at Alberta Hydro

CALGARY, AB, May 13, 2021 /PRNewswire/ - First Quarter 2021 Highlights Comparable EBITDA(1) of $310 million, an increase of $90 million or 41 per cent compared to the same period in 2020 Free cash flow ...

8 months ago - PRNewsWire

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

CALGARY, AB, May 4, 2021 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its virtual Annual and Special Meeting of Shareholders on May 4, 2021.  A total of...

8 months ago - PRNewsWire

TransAlta and Pembina Pipeline Announce 100 MW Renewable Power Purchase Agreement and Launch of the Garden Plain Wind...

CALGARY, AB, May 3, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into a long-term Power Purchase Agreement ("PPA") w...

8 months ago - PRNewsWire

TransAlta Certified by Diversio for its Equity, Diversity and Inclusion Program

CALGARY, AB, May 3, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) has received certification from Diversio, a technology company setting the global stand...

8 months ago - PRNewsWire

TransAlta and Mangrove Partners Resolve Litigation

CALGARY, AB, April 29, 2021 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") and The Mangrove Partners Master Fund, Ltd. ("Mangrove") announced today that the pa...

8 months ago - PRNewsWire

Media Advisory: TransAlta and TransAlta Renewables First Quarter 2021 Results and Conference Call

CALGARY, AB, April 21, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its first quarter 2021 results before markets open on Thursday, May 13, 2021. A conferen...

9 months ago - PRNewsWire