TransAlta FY2025 EPS Decreased by National Bank Financial

TransAlta Co. (NYSE:TAC) (TSE:TA) – Stock analysts at National Bank Financial dropped their FY2025 EPS estimates for TransAlta in a research note issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny now forecasts that the utilities provider will post earnings of $0.20 per share for the year, down from their prior estimate of $0.27. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share.

TransAlta (NYSE:TAC) (TSE:TA) last posted its earnings results on Thursday, February 20th. The utilities provider reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.28). TransAlta had a net margin of 6.38% and a return on equity of 18.47%. The firm had revenue of $484.60 million during the quarter.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group assumed coverage on shares of TransAlta in a report on Friday, April 11th. They set a “hold” rating on the stock. Cibc World Mkts upgraded shares of TransAlta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Scotiabank lowered shares of TransAlta from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, January 23rd. StockNews.com downgraded TransAlta from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, CIBC raised TransAlta from a “neutral” rating to an “outperformer” rating and reduced their target price for the company from $23.00 to $19.50 in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TransAlta has a consensus rating of “Hold” and an average price target of $19.50.

TransAlta Stock Up 2.4 %

Shares of NYSE:TAC opened at $9.00 on Thursday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.74 and a quick ratio of 0.67. TransAlta has a 1 year low of $6.51 and a 1 year high of $14.64. The business’s 50-day moving average is $9.38 and its 200-day moving average is $10.98. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 21.95 and a beta of 0.72.

TransAlta Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 1st will be given a $0.0458 dividend. This is a positive change from TransAlta’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, May 30th. This represents a $0.18 annualized dividend and a yield of 2.03%. TransAlta’s payout ratio is currently 43.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TAC. Barclays PLC lifted its stake in TransAlta by 281.5% in the third quarter. Barclays PLC now owns 143,062 shares of the utilities provider’s stock valued at $1,482,000 after purchasing an additional 105,562 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of TransAlta by 2.1% in the third quarter. Geode Capital Management LLC now owns 122,621 shares of the utilities provider’s stock valued at $1,277,000 after buying an additional 2,524 shares during the period. Franklin Resources Inc. lifted its position in shares of TransAlta by 190.6% during the 3rd quarter. Franklin Resources Inc. now owns 147,669 shares of the utilities provider’s stock valued at $1,550,000 after buying an additional 96,856 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of TransAlta during the 4th quarter worth $7,139,000. Finally, Ballentine Partners LLC purchased a new stake in TransAlta in the 4th quarter worth about $145,000. 59.00% of the stock is owned by institutional investors.

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.