National Bank Financial Estimates TransAlta FY2028 Earnings

TransAlta Co. (TSE:TA) (NYSE:TAC) – Equities researchers at National Bank Financial issued their FY2028 earnings per share (EPS) estimates for shares of TransAlta in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $1.21 for the year.

A number of other analysts also recently issued reports on the company. Desjardins lifted their price target on TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price target on shares of TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. TD Securities upped their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, CIBC downgraded TransAlta from an “outperform” rating to a “neutral” rating and raised their price target for the company from C$17.00 to C$23.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$18.33.

TransAlta Stock Down 2.4 %

TA stock opened at C$19.08 on Wednesday. The stock has a 50-day simple moving average of C$17.17 and a two-hundred day simple moving average of C$13.60. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$20.98. The firm has a market capitalization of C$5.69 billion, a PE ratio of 10.04, a PEG 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 announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st were issued a $0.06 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.24 annualized dividend and a yield of 1.26%. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Insider Transactions at TransAlta

In other TransAlta news, Director John Harry Kousinioris sold 45,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$17.67, for a total value of C$795,150.00. Also, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total value of C$377,750.00. Over the last 90 days, insiders have sold 204,763 shares of company stock worth $3,478,670. Corporate 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.