TransAlta
TAC
Market cap $3.04B

10.21 USD

-0.07

0.68%

Updated Oct 22, 10:48 AM EDT

1 day

-0.68%

5 days

-0.97%

1 month

1.49%

3 months

47.33%

6 months

57.32%

Year to date

23.46%

1 year

31.40%

5 years

64.94%

About: TransAlta Corp is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia. The company has six reportable segments namely, hydro, wind & solar, Energy Marketing, gas, energy transition segment and Corporate Segment. The company generates the majority of its revenue from the gas segment.

Employees: 1,260

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

185% more call options, than puts

Call options by funds: $4.51M | Put options by funds: $1.58M

31% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 45

18% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 22

10% more capital invested

Capital invested by funds: $1.16B [Q1] → $1.28B (+$117M) [Q2]

3% more funds holding

Funds holding: 137 [Q1] → 141 (+4) [Q2]

1.11% more ownership

Funds ownership: 58.25% [Q1] → 59.36% (+1.11%) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for TAC.

See Analyst Rankings

Financial journalist opinion

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, 2024. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

Media Advisory: TransAlta Third Quarter 2024 Results and Conference Call

Zacks Investment Research

IDA or TAC: Which Is a Better Utility Electric Power Stock?

Both IDA and TAC work efficiently and continue to provide reliable services to their customers.

IDA or TAC: Which Is a Better Utility Electric Power Stock?

Zacks Investment Research

Should Value Investors Buy TransAlta (TAC) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy TransAlta (TAC) Stock?

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 today that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the “Series G Shares”) into Cumulative Redeemable Floating Rate Preferred Shares, Series H (the “Series H Shares”), there were only 20,607 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares. As a result, none of the Series G Shares will be converted into Series H Shares on September 30, 2024.

TransAlta Announces Conversion Results for Series G and Series H Preferred Shares

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 for the next two years, and that should allow it more time to develop its portfolio. We are still moving to a hold and are now only interested in the preferreds.

TransAlta: Alberta Power Prices Force Pivot To Preferreds

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 announced today the applicable dividend rates for its cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) and cumulative redeemable floating rate first preferred shares Series H of the Company (“Series H Shares”).

TransAlta Announces Dividend Rates on Series G Preferred Shares and Series H Preferred Shares

Zacks Investment Research

Are Investors Undervaluing TransAlta (TAC) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing TransAlta (TAC) Right Now?

Zacks Investment Research

Wall Street Analysts Think TransAlta (TAC) Could Surge 47.5%: Read This Before Placing a Bet

The average of price targets set by Wall Street analysts indicates a potential upside of 47.5% in TransAlta (TAC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think TransAlta (TAC) Could Surge 47.5%: Read This Before Placing a Bet

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 all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) on September 30, 2024 (the “Conversion Date”).

TransAlta Provides Notice of Series G Preferred Shares Conversion Right

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 generators, benefiting TransAlta. Despite lower Q2 results, TransAlta maintains its 2024 outlook, with a strong balance sheet and decreasing capital expenditures.

TransAlta Common Shares: Buy Reiterated, Target Price Increased; Series G Preferreds Are Interesting, Too

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