Q1 Earnings Forecast for TransAlta Issued By Atb Cap Markets

TransAlta Co. (NYSE:TAC) (TSE:TA) – Analysts at Atb Cap Markets reduced their Q1 2025 earnings per share (EPS) estimates for shares of TransAlta in a report released on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the utilities provider will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.15. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share.

TransAlta (NYSE:TAC) (TSE:TA) last announced its earnings results on Thursday, February 20th. The utilities provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.28). TransAlta had a net margin of 6.38% and a return on equity of 18.47%. The company had revenue of $484.60 million during the quarter.

TAC has been the topic of a number of other research reports. CIBC upgraded TransAlta from a “neutral” rating to an “outperformer” rating and lowered their price target for the company from $23.00 to $19.50 in a research report on Tuesday, February 18th. Scotiabank cut TransAlta from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, January 23rd. StockNews.com cut shares of TransAlta from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Jefferies Financial Group assumed coverage on shares of TransAlta in a report on Friday, April 11th. They issued a “hold” rating for the company. Finally, Cibc World Mkts raised shares of TransAlta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TransAlta currently has a consensus rating of “Hold” and an average price target of $19.50.

TransAlta Stock Performance

NYSE TAC opened at $9.01 on Monday. TransAlta has a 52-week low of $6.51 and a 52-week high of $14.64. The company has a fifty day moving average of $9.35 and a 200-day moving average of $10.98. The company has a market capitalization of $2.69 billion, a P/E ratio of 21.98 and a beta of 0.72. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.67 and a current ratio of 0.74.

Institutional Trading of TransAlta

A number of institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. boosted its position in TransAlta by 145,600.0% during the 1st quarter. NBC Securities Inc. now owns 2,914 shares of the utilities provider’s stock valued at $27,000 after buying an additional 2,912 shares during the period. Tobam purchased a new stake in shares of TransAlta during the fourth quarter worth about $46,000. Ballentine Partners LLC purchased a new stake in shares of TransAlta during the fourth quarter worth about $145,000. Orion Portfolio Solutions LLC bought a new stake in shares of TransAlta in the fourth quarter worth about $147,000. Finally, Private Advisor Group LLC purchased a new position in TransAlta during the 4th quarter valued at about $150,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

TransAlta Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 1st will be paid a $0.0458 dividend. This is a boost from TransAlta’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, May 30th. TransAlta’s payout ratio is 43.90%.

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.