TAC - TransAlta Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
6.10
+0.04 (+0.66%)
As of 11:45AM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close6.06
Open6.09
Bid6.08 x 1800
Ask6.09 x 900
Day's Range6.05 - 6.17
52 Week Range3.63 - 8.50
Volume70,310
Avg. Volume341,524
Market Cap1.695B
Beta (5Y Monthly)1.52
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.13 (2.07%)
Ex-Dividend DateMay 29, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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Press Releases
  • TransAlta Announces TSX Acceptance of Normal Course Issuer Bid
    CNW Group

    TransAlta Announces TSX Acceptance of Normal Course Issuer Bid

    CALGARY , May 26, 2020 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) today announced that the Toronto Stock Exchange ("TSX") has accepted the notice filed by the Company to implement a normal course issuer bid ("NCIB") for a portion of its common shares ("Common Shares"). Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 Common Shares, representing approximately 7.02% of its public float of Common Shares as at May 25, 2020 .

  • TransAlta Reports First Quarter 2020 Results and Reaffirms 2020 Outlook
    CNW Group

    TransAlta Reports First Quarter 2020 Results and Reaffirms 2020 Outlook

    Held TransAlta's first virtual Annual and Special Meeting of Shareholders (the "Meeting") in which all Board nominees were elected and all resolutions passed. TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) today reported its first quarter 2020 financial results, with comparable EBITDA(1) of $220 million , in line with the same period last year.

  • TransAlta Corporation Announces Results of the Annual and Special Meeting of Shareholders and Election of all Directors
    PR Newswire

    TransAlta Corporation Announces Results of the Annual and Special Meeting of Shareholders and Election of all Directors

    TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its virtual Annual and Special Meeting of Shareholders on April 21, 2020. A total of 170,787,738 common shares, representing 61.64 per cent of the shares outstanding were represented in person and by proxy at the meeting.

  • TransAlta Declares Dividends
    CNW Group

    TransAlta Declares Dividends

    TransAlta Declares Dividends

  • TransAlta Provides Update On COVID-19 Implemented Measures
    CNW Group

    TransAlta Provides Update On COVID-19 Implemented Measures

    CALGARY , April 7, 2020 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) wishes to inform all its stakeholders of the measures that have been implemented to ensure the safety of its employees and to ensure that its facilities remain fully operational to meet the essential power demands of our customers. "The health and safety of our employees, contractors and communities is paramount during this challenging time prompted by the COVID-19 pandemic," said Dawn Farrell , President and Chief Executive Officer of the Company.

  • TransAlta Announces Supplemental Changes to Stock Option Plan
    CNW Group

    TransAlta Announces Supplemental Changes to Stock Option Plan

    CALGARY , April 3, 2020 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) today announced that it has adopted certain changes to its Stock Option Plan. In TransAlta's management information circular dated March 9 , 2020 (the "Information Circular") for its upcoming annual and special meeting of shareholders scheduled to be held on April 21, 2020 (the "Meeting"), the Company disclosed that it is seeking approval by its shareholders at the Meeting to amend its Stock Option Plan solely to increase the number of shares available for issuance pursuant to options granted under the Stock Option Plan. In the meantime, in order to align features of the Stock Option Plan with current best governance and market practices, the Company has adopted certain changes to the Stock Option Plan's amendment provisions to further limit the Board of Director's ability to make amendments without shareholder approval in the future.

  • TransAlta Files Management Proxy Circular and Announces Shift to a Virtual-Only Annual and Special Shareholder Meeting Amid Concerns Regarding the Novel Coronavirus
    PR Newswire

    TransAlta Files Management Proxy Circular and Announces Shift to a Virtual-Only Annual and Special Shareholder Meeting Amid Concerns Regarding the Novel Coronavirus

    TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today issued a notice (the "Notice") to holders of common shares ("Shareholders") and filed the Notice along with its management information circular (the "Circular") in connection with its annual and special meeting of Shareholders to be held on Tuesday, April 21, 2020 at 10:30 a.m. (Calgary Time) (the "Meeting"). A copy of the Notice and Circular can be downloaded from the Company's SEDAR profile at www.sedar.com and the Company's EDGAR profile at www.sec.gov/edgar.shtml. The Notice and Circular are also available at TransAlta's website. The Notice provides that the Meeting will be held in a virtual-only meeting format.

  • TransAlta Announces Acquisition of a Contracted Cogeneration Asset in Michigan
    CNW Group

    TransAlta Announces Acquisition of a Contracted Cogeneration Asset in Michigan

    The asset is a 29 MW cogeneration facility in Michigan which is contracted under a long-term power purchase agreement and steam sale agreement for approximately six years with high quality counterparties. "The acquisition marks our first U.S. cogeneration project and aligns with our strategy of growing our on-site generation business, diversifying our cogeneration portfolio, and increasing the pipeline of assets for potential future drop-downs into TransAlta Renewables," said Dawn Farrell , President and Chief Executive Officer of TransAlta.

  • TransAlta and Tidewater Midstream Sign Letter of Intent to Sell the Pioneer Pipeline
    CNW Group

    TransAlta and Tidewater Midstream Sign Letter of Intent to Sell the Pioneer Pipeline

    CALGARY , March 12, 2020 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announced today that the Company, with its partner Tidewater Midstream & Infrastructure Ltd. ("Tidewater"), has entered into a Letter of Intent to sell the Pioneer Pipeline to NOVA Gas Transmission Ltd. ("NGTL"), a wholly-owned subsidiary of TC Energy, for a purchase price of CDN $255 million . As part of the transaction, NGTL intends to integrate the Pioneer Pipeline into its natural gas pipeline infrastructure in Alberta .

  • TransAlta Reports Fourth Quarter and Full Year 2019 Results
    PR Newswire

    TransAlta Reports Fourth Quarter and Full Year 2019 Results

    TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its fourth quarter and full year 2019 financial results, with comparable EBITDA(1,2) of $928 million for the full year. Funds from operations ("FFO")(1,2) decreased nine per cent to $701 million for the full year compared to $770 million in 2018. FCF(1,2) for the full year was $379 million, representing a three per cent increase over 2018. These financial results exclude the one-time payments in both periods for the early termination of the Sundance B and C Power Purchase Arrangements (the "PPA Termination Payments"). The strong financial results for the year highlight the exceptional performance of the business when considering the expected free cash flow decline as a result of the expiry of the Mississauga contract and lower scheduled payments on the Poplar Creek contract. With the inclusion of the PPA Termination Payments, we earned $435 million of FCF or $1.54 per share.

  • Media Advisory - TransAlta Fourth Quarter and Full Year 2019 Results and Conference Call
    CNW Group

    Media Advisory - TransAlta Fourth Quarter and Full Year 2019 Results and Conference Call

    Media Advisory - TransAlta Fourth Quarter and Full Year 2019 Results and Conference Call

  • TransAlta Announces 2020 Outlook and ESG Targets, Declares Increased Common Dividend and Appoints John P. Dielwart as the next Chair of the Board
    CNW Group

    TransAlta Announces 2020 Outlook and ESG Targets, Declares Increased Common Dividend and Appoints John P. Dielwart as the next Chair of the Board

    CALGARY , Jan. 16, 2020 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announced today its financial outlook and environmental, social and governance ("ESG") targets for 2020, highlighted by the addition of recently commissioned projects and productivity improvements, which are expected to drive strong comparable EBITDA and free cash flow ("FCF") performance in 2020. The Company also announced that the Board of Directors (the "Board") determined that following the retirement of Ambassador Gordon D. Giffin at the upcoming annual shareholder meeting, John P. Dielwart will be appointed Chair of the Board, pending his re-election to the Board.

  • TransAlta Increases Free Cash Flow Guidance to $350 million to $380 million
    CNW Group

    TransAlta Increases Free Cash Flow Guidance to $350 million to $380 million

    CALGARY , Dec. 17, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announced today that it has increased Free Cash Flow ("FCF") guidance to $350 million to $380 million from the prior range of $300 million to $340 million . This expected increase to FCF is primarily attributable to the continued strong performance of the Energy Marketing segment into the fourth quarter. The gross margin for our Energy Marketing segment is now forecasted to be at the top end of the range of $100 million to $120 million that had been disclosed by the Company in its third quarter Management's Discussion & Analysis, and is significantly above the trailing 3-year comparable gross margin average of approximately $71 million .

  • PR Newswire

    TransAlta Reports Solid Third Quarter 2019 Results and Revises Upward Full Year Outlook

    Financial and Operating Highlights $305 million of comparable EBITDA for the quarter. Excluding PPA Settlements (one-time additional amount of $56 million ), comparable EBITDA was $249 million and in line ...

  • PR Newswire

    TransAlta Advances its Clean Energy Investment Plan

    CALGARY, Oct. 30, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announced today that it has entered into an agreement with Kineticor Holdings Limited Partnership #2 to indirectly acquire two 230 MW Siemens F class gas turbines and related equipment for $84 million. The transaction also results in the Company assuming long-term non-unit contingent power purchase agreements starting in late 2023 with Shell Energy North America (Canada) ("Shell"). TransAlta will redeploy these assets to its Sundance site as part of its strategy to repower Sundance Unit 5 to a highly efficient combined cycle unit by integrating these gas turbines into the existing steam turbine at Sundance Unit 5.

  • PR Newswire

    Media Advisory: TransAlta Third Quarter 2019 Results and Conference Call

    CALGARY , Oct. 9, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2019 results before markets open on Thursday, November 7, 2019 . ...

  • TransAlta and SemCAMS Midstream Announce Agreement to Construct and Own a New Cogeneration Plant in Alberta
    CNW Group

    TransAlta and SemCAMS Midstream Announce Agreement to Construct and Own a New Cogeneration Plant in Alberta

    CALGARY , Oct. 1, 2019 /CNW/ - TransAlta Corporation (TransAlta) (TA.TO)(TAC) and SemCAMS Midstream ULC ("SemCAMS"), a subsidiary of SemGroup Corporation (SEMG) announce today that they have entered into definitive agreements to develop, construct and operate a new cogeneration facility at the Kaybob South No. 3 sour gas processing plant. The Kaybob facility is strategically located in the Western Canadian Sedimentary Basin and accepts natural gas production out of the Montney and Duvernay formations. TransAlta will construct the cogeneration plant which will be jointly owned, operated and maintained with SemCAMS.

  • PR Newswire

    TransAlta Announces Conversion Results for Series G Preferred Shares

    CALGARY , Sept. 17, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA)(NYSE: TAC) announced today that after taking into account all election notices ...

  • PR Newswire

    TransAlta Announces Transformative $2 Billion Clean Energy Investment Plan and Dividend Policy

    CALGARY, Sept. 16, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announces today its Clean Energy Investment Plan, which includes converting its existing Alberta coal assets to natural gas and advancing its leadership position in renewable energy. The total cost of the plan is expected to be approximately $2 billion which includes approximately $800 million of renewable energy projects already under construction. TransAlta's plan includes converting three of its existing Alberta thermal units to gas in 2020 and 2021 by replacing existing coal burners with natural gas burners.

  • TransAlta Corporation Provides Notice of Series G Preferred Shares Conversion Right and Announces Reset Dividend Rates
    CNW Group

    TransAlta Corporation Provides Notice of Series G Preferred Shares Conversion Right and Announces Reset Dividend Rates

    CALGARY , Aug. 30, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO)  NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any portion of the currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series G ("Series G Shares") (TA-PJ.TO) on September 30, 2019 (the "Conversion Date"). TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada , the United States and Australia with a focus on long-term shareholder value.

  • PR Newswire

    Arbitration Concludes Favourably For TransAlta Regarding the Sundance B and C Power Purchase Arrangements Termination Payment

    NYSE: TAC) announced today that it was successful in its arbitration with the Balancing Pool for the remaining payment related to the termination of the Sundance B and C Power Purchase Arrangements ("PPA").  As a result of the arbitration decision, the Company will receive the full amount it had been seeking to recover, being equal to $58.8 million (including GST payable) from the Balancing Pool, plus interest.  This payment relates to TransAlta's historical investments in certain mining and corporate assets that the Company believed should have been included in the net book value calculation of the PPA's that had been disputed by the Balancing Pool. TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value.

  • TransAlta Reports Second Quarter 2019 Results
    CNW Group

    TransAlta Reports Second Quarter 2019 Results

    TransAlta Reports Second Quarter 2019 Results

  • PR Newswire

    TransAlta and Capital Power Reach Agreement to Swap Non-Operating Interests in Keephills 3 and Genesee 3

    NYSE: TAC) announced today that it has entered into definitive agreements with Capital Power Corporation ("Capital Power") providing for the swap of their respective non-operating interests in the Keephills 3 facility and the Genesee 3 facility (the "Transaction").   As a result of the Transaction, TransAlta will own 100% of the Keephills 3 facility and Capital Power will own 100% of the Genesee 3 facility.

  • TransAlta Responds to Continued Energy-Only Market in Alberta
    CNW Group

    TransAlta Responds to Continued Energy-Only Market in Alberta

    The promise by the Government of Alberta to deliver a decision on market structure within 90 days was fulfilled, thereby reducing significant uncertainty for TransAlta in assessing investment decisions in the Alberta power generation market. The Company has undertaken a review of its future investment decisions on coal-to-gas conversions and repowering through hybrid investments, as well as the impacts on our hydro and wind assets, under an energy-only market.

  • PR Newswire

    Media Advisory: TransAlta Second Quarter 2019 Results and Conference Call

    CALGARY , July 9, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its second quarter 2019 results before markets open on Friday, August 9, 2019 . A ...