TAC - TransAlta Corporation

NYSE - NYSE Delayed Price. Currency in USD
6.05
+0.03 (+0.50%)
At close: 4:00PM EDT

6.05 0.00 (0.00%)
After hours: 4:34PM EDT

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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close6.02
Open6.06
Bid5.23 x 3000
Ask6.11 x 3200
Day's Range5.98 - 6.08
52 Week Range3.63 - 8.50
Volume159,372
Avg. Volume694,067
Market Cap1.635B
Beta (5Y Monthly)1.58
PE Ratio (TTM)N/A
EPS (TTM)-0.71
Earnings DateN/A
Forward Dividend & Yield0.12 (2.05%)
Ex-Dividend DateMay 29, 2020
1y Target Est6.80
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.
Fair Value
XX.XX
Overvalued
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  • 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 .

  • Should Value Investors Buy TransAlta (TAC) Stock?
    Zacks

    Should Value Investors Buy TransAlta (TAC) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Results: TransAlta Corporation Confounded Analyst Expectations With A Surprise Profit
    Simply Wall St.

    Results: TransAlta Corporation Confounded Analyst Expectations With A Surprise Profit

    TransAlta Corporation (TSE:TA) shareholders are probably feeling a little disappointed, since its shares fell 4.1% to...

  • TransAlta Corp (TAC) Q1 2020 Earnings Call Transcript
    Motley Fool

    TransAlta Corp (TAC) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. TransAlta Corp (NYSE: TAC)Q1 2020 Earnings CallMay 12, 2020, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, good morning.

  • 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

  • Hedge Funds Are Crazy About TransAlta Corporation (TAC)
    Insider Monkey

    Hedge Funds Are Crazy About TransAlta Corporation (TAC)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • 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 .

  • 3 Low Price-Book Stocks
    GuruFocus.com

    3 Low Price-Book Stocks

    Pioneer Natural Resources Co tops the list Continue reading...

  • 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

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  • Is TransAlta Corporation's (TSE:TA) CEO Overpaid Relative To Its Peers?
    Simply Wall St.

    Is TransAlta Corporation's (TSE:TA) CEO Overpaid Relative To Its Peers?

    Dawn Farrell became the CEO of TransAlta Corporation (TSE:TA) in 2012. This analysis aims first to contrast CEO...

  • 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.

  • What You Must Know About TransAlta Corporation's (TSE:TA) Beta Value
    Simply Wall St.

    What You Must Know About TransAlta Corporation's (TSE:TA) Beta Value

    If you own shares in TransAlta Corporation (TSE:TA) then it's worth thinking about how it contributes to the...

  • 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 .

  • Here is What Hedge Funds Think About TransAlta Corporation (TAC)
    Insider Monkey

    Here is What Hedge Funds Think About TransAlta Corporation (TAC)

    Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]

  • Emerson to Support TransAlta in CTG Conversion Projects
    Zacks

    Emerson to Support TransAlta in CTG Conversion Projects

    Emerson (EMR) will assist TransAlta in implementing CTG conversion projects at its Keephills and Sundance power plants.

  • 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 ...

  • Moody's

    TransAlta Corporation -- Moody's announces completion of a periodic review of ratings of TransAlta Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of TransAlta Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.