Q4 Earnings Forecast for TransAlta Issued By Atb Cap Markets

TransAlta Co. (TSE:TA) (NYSE:TAC) – Atb Cap Markets upped their Q4 2024 EPS estimates for TransAlta in a report issued on Thursday, November 14th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.16 per share for the quarter, up from their previous forecast of $0.15. Atb Cap Markets also issued estimates for TransAlta’s Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.09 EPS and FY2026 earnings at $0.56 EPS.

Other research analysts also recently issued research reports about the company. TD Securities upped their target price on TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. CIBC lowered their price objective on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, National Bankshares increased their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransAlta has an average rating of “Moderate Buy” and a consensus target price of C$16.17.

TransAlta Price Performance

Shares of TransAlta stock opened at C$14.44 on Monday. The business has a 50 day moving average of C$13.78 and a 200 day moving average of C$11.44. TransAlta has a 52 week low of C$8.22 and a 52 week high of C$15.37. The company has a market cap of C$4.30 billion, a PE ratio of 7.62, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87.

TransAlta Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. TransAlta’s payout ratio is 12.63%.

Insider Activity

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total transaction of C$278,400.00. Insiders own 0.21% of the company’s stock.

TransAlta Company Profile

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.