National Bank Financial Estimates TransAlta FY2028 Earnings

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

A number of other equities research analysts also recently weighed in on TA. CIBC downgraded shares of TransAlta from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$17.00 to C$23.00 in a research note on Wednesday. TD Securities raised 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 report on Wednesday, November 6th. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. Desjardins raised their price target on TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price objective on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TransAlta has an average rating of “Moderate Buy” and a consensus price target of C$18.33.

TransAlta Stock Performance

TSE TA opened at C$19.05 on Wednesday. The company’s 50 day simple moving average is C$17.36 and its two-hundred day simple moving average is C$13.67. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. TransAlta has a 1 year low of C$8.22 and a 1 year high of C$20.98. The stock has a market capitalization of C$5.68 billion, a PE ratio of 10.03, a P/E/G ratio of -0.07 and a beta of 0.93.

Insider Buying and Selling at TransAlta

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$15.49, for a total transaction of C$123,920.00. Also, Director John Harry Kousinioris sold 69,982 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$15.15, for a total transaction of C$1,060,227.30. Insiders sold a total of 204,763 shares of company stock worth $3,478,670 in the last three months. 0.21% of the stock is currently owned by company insiders.

TransAlta Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.24 annualized dividend and a yield of 1.26%. TransAlta’s payout ratio is 12.63%.

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.