Atb Cap Markets Estimates TransAlta’s Q4 Earnings (NYSE:TAC)

TransAlta Co. (NYSE:TAC) (TSE:TA) – Investment analysts at Atb Cap Markets boosted their Q4 2024 earnings per share estimates for shares of TransAlta in a note issued to investors on Thursday, November 14th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will earn $0.12 per share for the quarter, up from their previous forecast of $0.11. The consensus estimate for TransAlta’s current full-year earnings is $0.55 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2026 earnings at $0.40 EPS.

A number of other equities analysts also recently issued reports on TAC. Desjardins reiterated a “hold” rating on shares of TransAlta in a research note on Wednesday, November 6th. StockNews.com cut shares of TransAlta from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th.

TransAlta Stock Up 0.5 %

Shares of NYSE TAC opened at $10.31 on Monday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.67 and a current ratio of 0.74. The stock has a 50 day moving average price of $10.12 and a 200 day moving average price of $8.44. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 27.84 and a beta of 0.92. TransAlta has a 52-week low of $5.94 and a 52-week high of $11.10.

TransAlta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be given a $0.044 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is presently 45.95%.

Institutional Trading of TransAlta

Several institutional investors have recently modified their holdings of TAC. Geode Capital Management LLC grew its holdings in TransAlta by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 122,621 shares of the utilities provider’s stock valued at $1,277,000 after buying an additional 2,524 shares in the last quarter. Creative Planning boosted its holdings in TransAlta by 6.9% in the third quarter. Creative Planning now owns 53,803 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 3,492 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of TransAlta by 1,381.5% during the second quarter. Blue Trust Inc. now owns 4,237 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 3,951 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of TransAlta during the third quarter worth approximately $42,000. Finally, Signaturefd LLC raised its holdings in shares of TransAlta by 23.6% in the third quarter. Signaturefd LLC now owns 26,207 shares of the utilities provider’s stock valued at $272,000 after buying an additional 5,008 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

About TransAlta

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.