National Bank Financial Comments on TransAlta FY2028 Earnings

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

Other analysts have also recently issued reports about the stock. TD Securities boosted their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price target on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. BMO Capital Markets raised their price objective on TransAlta from C$17.00 to C$22.00 in a report on Monday, December 16th. Scotiabank upgraded TransAlta to a “strong-buy” rating in a report on Thursday, December 5th. Finally, Desjardins raised their price target on shares of TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TransAlta currently has a consensus rating of “Buy” and a consensus price target of C$17.08.

TransAlta Price Performance

TransAlta stock opened at C$19.54 on Wednesday. TransAlta has a 1 year low of C$8.22 and a 1 year high of C$20.98. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The firm has a 50 day moving average price of C$17.17 and a 200 day moving average price of C$13.60. The company has a market cap of C$5.82 billion, a price-to-earnings ratio of 10.28, a PEG ratio of -0.07 and a beta of 0.93.

Insider Buying and Selling

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total transaction of C$377,750.00. Also, Director John Harry Kousinioris sold 35,179 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total value of C$729,260.67. In the last ninety days, insiders have sold 204,763 shares of company stock valued at $3,478,670. Corporate insiders own 0.21% of the company’s stock.

TransAlta Dividend Announcement

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

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.