TransAlta Corporation (TAC)

NYSE: TAC · IEX Real-Time Price · USD
7.84
+0.06 (0.77%)
Mar 24, 2023, 4:00 PM EDT - Market closed
0.77%
Market Cap 2.10B
Revenue (ttm) 2.17B
Net Income (ttm) 2.92M
Shares Out 268.20M
EPS (ttm) 0.01
PE Ratio 1,074.08
Forward PE 25.32
Dividend $0.15 (1.95%)
Ex-Dividend Date Feb 28, 2023
Volume 203,120
Open 7.75
Previous Close 7.78
Day's Range 7.69 - 7.86
52-Week Range 7.55 - 11.85
Beta 1.13
Analysts Buy
Price Target 11.82 (+50.77%)
Earnings Date May 4, 2023

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 four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large in... [Read more]

Sector Utilities
Founded 1909
Employees 1,282
Stock Exchange NYSE
Ticker Symbol TAC
Full Company Profile

Financial Performance

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for TAC stock is "Buy." The 12-month stock price forecast is $11.82, which is an increase of 50.77% from the latest price.

Price Target
$11.82
(50.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The 7 Best Clean Energy Stocks to Buy in 2023

Clean energy stocks are expected to see continued growth. According to the U.S. Energy Information Administration, U.S. power generation from new renewables (primarily wind and solar) is expected to r...

Other symbols: ALBAMSCARRYCWENMTZSOL
13 hours ago - InvestorPlace

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 month ago - PRNewsWire

TransAlta Announces Acquisition of 50% Interest in Early-Stage Pumped Hydro Energy Storage Development Project

CALGARY, AB , Feb. 16, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into a definitive agreement to acquire a 50% i...

1 month ago - PRNewsWire

7 Energy Stocks to Invest in for a Greener Portfolio

Although the issue remains a point of contention, increasingly, government agencies and a consensus of scientists have urged society to adopt a cleaner approach to infrastructure, thus boding well for...

Other symbols: BEPCCJCEGCWENHTOONEP
1 month ago - InvestorPlace

Media Advisory: TransAlta and TransAlta Renewables Fourth Quarter and Full Year 2022 Results and Conference Call

CALGARY, AB , Jan. 23, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its fourth quarter and full year 2022 results before markets open on Thursday, Februar...

2 months ago - PRNewsWire

TransAlta ($TAC) and Lafarge to Produce Low-Carbon Concrete with Fly Ash Repurposing Project

TransAlta Corporation (NYSE: TAC) and Lafarge Canada have partnered on a project to repurpose landfilled fly ash, a waste product from TransAlta's Canadian coal-fired electricity operations, in the pr...

2 months ago - Green Stock News

Lafarge Canada and TransAlta announce agreement to advance low-carbon concrete with fly ash repurposing project in Alberta

EDMONTON, Alberta--(BUSINESS WIRE)--Lafarge Canada (“Lafarge”) and TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) have entered into an agreement that will advance low-carbon concrete proj...

2 months ago - Business Wire

TransAlta Announces Outlook for 2023 and Update on Corporate Strategy

CALGARY, AB , Dec. 15, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today its financial outlook for 2023. Highlights Adjusted EBITDA(1) rang...

3 months ago - PRNewsWire

TransAlta Declares Dividends

CALGARY, AB , Dec. 12, 2022 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.055 per common share payable on April 1, 2023 to sh...

3 months ago - PRNewsWire

Does TransAlta (TAC) Have the Potential to Rally 34% as Wall Street Analysts Expect?

The consensus price target hints at a 34.5% upside potential for TransAlta (TAC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate...

4 months ago - Zacks Investment Research

TransAlta Announces Pricing of US$400 Million Senior Green Bond Offering

CALGARY, AB , Nov. 14, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) is pleased to announce that it priced a public offering ("the Offering") of US$400 million aggregat...

4 months ago - PRNewsWire

Can TransAlta (TAC) Climb 34% to Reach the Level Wall Street Analysts Expect?

The mean of analysts' price targets for TransAlta (TAC) points to a 34.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analyst...

4 months ago - Zacks Investment Research

TransAlta Announces Public Offering of U.S. Senior Green Bonds and Releases Inaugural Green Bond Framework

CALGARY, AB , Nov. 14, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) is pleased to announce it has commenced a U.S. public offering of its senior notes. TransAlta inten...

4 months ago - PRNewsWire

TransAlta Reports Third Quarter 2022 Results, Increases 2022 Financial Guidance, and Announces a 10% Common Share Dividend Increase

CALGARY, AB , Nov. 8, 2022 /PRNewswire/ - Third Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $555 million, an increase of 38% over the same period in 2021 Free Cash Flow(1) of $393 mill...

4 months ago - PRNewsWire

Wall Street Analysts See a 42% Upside in TransAlta (TAC): Can the Stock Really Move This High?

The consensus price target hints at a 42% upside potential for TransAlta (TAC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate r...

5 months ago - Zacks Investment Research

Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call

CALGARY, AB , Oct. 11, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2022 results before markets open on Tuesday, November 8, 2022. A con...

5 months ago - PRNewsWire

TransAlta Corporation Announces Conversion Results for Series E and F Preferred Shares

CALGARY, AB , Sept. 21, 2022 /PRNewswire/ - Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA)(NYSE: TAC) press release dated August 31, 2022, the Company announced today that...

6 months ago - PRNewsWire

TransAlta Corporation Provides Notice of Series E Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB , Aug. 31, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA); (NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or an...

7 months ago - PRNewsWire

TransAlta Reports Second Quarter 2022 Results

Second Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $279 million, in line with expectations, a decrease of 13% over the same period in 2021 Free Cash Flow ("FCF")(1) of $145 million, or...

8 months ago - PRNewsWire

TransAlta (TAC) Set to Report Q2 Earnings: What's in Store?

TransAlta's (TAC) second-quarter earnings are likely to have been driven by existing long-term contracts and a decline in outstanding shares.

8 months ago - Zacks Investment Research

Correction Notice to Media Advisory Regarding Release Date of TransAlta Renewables Second Quarter 2022 Results

CALGARY, AB , July 12, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) announced today a correction to its media advisory issued July 6, 2022 in respect to the release da...

9 months ago - PRNewsWire

TransAlta (TAC) Upgraded to Strong Buy: What Does It Mean for the Stock?

TransAlta (TAC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

9 months ago - Zacks Investment Research

New Strong Buy Stocks for June 30th

BANR, MPB, UNTY, AAON, and TAC have been added to the Zacks Rank #1 (Strong Buy) List on June 30, 2022.

Other symbols: AAONBANRMPBUNTY
9 months ago - Zacks Investment Research

TransAlta Corporation Debuts New Brand Reiterating Commitment to a Clean Energy Future

CALGARY, AB , June 20, 2022 /PRNewswire/ - Today, TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta") announced a new visual identity including logo and tagline. The new visual identity encapsul...

9 months ago - PRNewsWire

TransAlta Corporation Announces Conversion Results for Series C and D Preferred Shares

CALGARY, AB , June 16, 2022 /PRNewswire/ - Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) press release dated May 31, 2022, the Company announced today that 1,...

10 months ago - PRNewsWire