National Bank Financial Predicts TransAlta FY2028 Earnings

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

A number of other brokerages have also recently weighed in on TA. Desjardins increased their price target on TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. TD Securities boosted their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised their price target on shares of TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TransAlta currently has an average rating of “Buy” and a consensus target price of C$17.08.

TransAlta Stock Performance

Shares of TSE TA opened at C$19.54 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The firm’s 50-day moving average price is C$17.17 and its two-hundred day moving average price is C$13.60. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$20.98. The stock has a market capitalization of C$5.82 billion, a P/E ratio of 10.28, a P/E/G ratio of -0.07 and a beta of 0.93.

TransAlta Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.24 annualized dividend and a yield of 1.23%. TransAlta’s payout ratio is 12.63%.

Insiders Place Their Bets

In related news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$19.41, for a total value of C$194,100.00. Also, Director John Harry Kousinioris sold 69,982 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$15.15, for a total transaction of C$1,060,227.30. In the last three months, insiders have sold 204,763 shares of company stock worth $3,478,670. 0.21% of the stock is owned by corporate insiders.

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.