Q4 Earnings Estimate for TransAlta Issued By Atb Cap Markets

TransAlta Co. (NYSE:TAC) (TSE:TA) – Equities researchers at Atb Cap Markets upped their Q4 2024 EPS estimates for shares of TransAlta in a research note issued on Tuesday, November 5th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will post earnings of $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 equities analysts have also issued research reports about the company. StockNews.com lowered TransAlta from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Desjardins restated a “hold” rating on shares of TransAlta in a research note on Wednesday.

TransAlta Price Performance

Shares of TAC opened at $10.54 on Friday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 28.49 and a beta of 0.92. The firm’s fifty day simple moving average is $9.96 and its 200-day simple moving average is $8.27. TransAlta has a twelve month low of $5.94 and a twelve month high of $11.10. The company has a current ratio of 0.74, a quick ratio of 0.75 and a debt-to-equity ratio of 2.94.

TransAlta Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be given a $0.044 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.18 dividend on an annualized basis and a yield of 1.67%. TransAlta’s dividend payout ratio (DPR) is presently 45.95%.

Hedge Funds Weigh In On TransAlta

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