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

TransAlta Co. (NYSE:TAC) (TSE:TA) – Research analysts at Atb Cap Markets lifted their Q4 2024 earnings estimates for shares of TransAlta in a research report issued to clients and investors on Tuesday, November 5th. Atb Cap Markets analyst N. Heywood now expects that the utilities provider will earn $0.11 per share for the quarter, up from their previous forecast of $0.01. The consensus estimate for TransAlta’s current full-year earnings is $0.65 per share. Atb Cap Markets also issued estimates for TransAlta’s Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.45 EPS.

Other analysts have also recently issued research reports about the company. Desjardins reaffirmed a “hold” rating on shares of TransAlta in a research report on Wednesday. StockNews.com lowered TransAlta from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

TransAlta Stock Down 2.3 %

TAC stock opened at $10.30 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.75 and a debt-to-equity ratio of 2.94. The firm has a market cap of $3.07 billion, a PE ratio of 27.84 and a beta of 0.92. TransAlta has a 1 year low of $5.94 and a 1 year high of $11.10. The company has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $8.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TAC. National Bank of Canada FI increased its stake in shares of TransAlta by 9.0% in the second quarter. National Bank of Canada FI now owns 3,618,296 shares of the utilities provider’s stock worth $25,267,000 after purchasing an additional 299,594 shares during the period. Intact Investment Management Inc. increased its position in TransAlta by 5.6% in the 2nd quarter. Intact Investment Management Inc. now owns 1,912,250 shares of the utilities provider’s stock worth $13,557,000 after buying an additional 101,200 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of TransAlta by 22.3% during the second quarter. The Manufacturers Life Insurance Company now owns 929,631 shares of the utilities provider’s stock worth $6,582,000 after buying an additional 169,219 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of TransAlta by 71.9% in the first quarter. Acadian Asset Management LLC now owns 643,988 shares of the utilities provider’s stock valued at $4,131,000 after acquiring an additional 269,444 shares during the period. Finally, Jupiter Asset Management Ltd. grew its stake in shares of TransAlta by 8.9% in the second quarter. Jupiter Asset Management Ltd. now owns 640,828 shares of the utilities provider’s stock worth $4,543,000 after acquiring an additional 52,328 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

TransAlta Announces Dividend

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

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.