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TransAltaNYSE: TAC

Profile

Sector:

Utilities

Country:

Canada

IPO:

31 July 2001

Next earnings report:

05 November 2024

Last dividends:

30 August 2024

Next dividends:

29 November 2024
$3.07 B
-5%vs. 3y high
42%vs. sector
-97%vs. 3y high
9%vs. sector
-76%vs. 3y high
91%vs. sector
-13%vs. 3y high
24%vs. sector

Price

after hours | Fri, 01 Nov 2024 21:29:10 GMT
$10.29-$0.09(-0.89%)
$425.23 M$390.23 M
$425.23 M$50.41 M

Analysts recommendations

Institutional Ownership

TAC Latest News

TransAlta Declares Dividends
globenewswire.com23 October 2024 Sentiment: POSITIVE

CALGARY, Alberta, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.06 per common share payable on January 1, 2025, to shareholders of record at the close of business on December 1, 2024.

Media Advisory: TransAlta Third Quarter 2024 Results and Conference Call
globenewswire.com04 October 2024 Sentiment: POSITIVE

CALGARY, Alberta, Oct. 04, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its third quarter 2024 results before markets open on Tuesday, November 5, 2024. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

TransAlta Announces Conversion Results for Series G and Series H Preferred Shares
globenewswire.com17 September 2024 Sentiment: NEUTRAL

CALGARY, Alberta, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Further to TransAlta Corporation's (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) press release dated August 22, 2024, the Company announced today that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the “Series G Shares”) into Cumulative Redeemable Floating Rate Preferred Shares, Series H (the “Series H Shares”), there were only 20,607 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares. As a result, none of the Series G Shares will be converted into Series H Shares on September 30, 2024.

TransAlta: Alberta Power Prices Force Pivot To Preferreds
seekingalpha.com09 September 2024 Sentiment: POSITIVE

TransAlta Corporation's Q2 2024 results showcased strong performance due to effective hedging, despite a significant year-over-year drop in Alberta power prices. The company has a big hedge position for the next two years, and that should allow it more time to develop its portfolio. We are still moving to a hold and are now only interested in the preferreds.

TransAlta Announces Dividend Rates on Series G Preferred Shares and Series H Preferred Shares
globenewswire.com03 September 2024 Sentiment: POSITIVE

CALGARY, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Further to the news release of TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) dated August 22, 2024, the Company announced today the applicable dividend rates for its cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) and cumulative redeemable floating rate first preferred shares Series H of the Company (“Series H Shares”).

TransAlta Provides Notice of Series G Preferred Shares Conversion Right
globenewswire.com22 August 2024 Sentiment: POSITIVE

CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) on September 30, 2024 (the “Conversion Date”).

Nexxen Reports Second Quarter 2024 Financial Results
globenewswire.com22 August 2024 Sentiment: POSITIVE

Generated record Q2 Contribution ex-TAC, programmatic revenue and CTV revenue Achieved 27% year-over-year Adjusted EBITDA growth in Q2 2024 while expanding Adjusted EBITDA Margin as a percentage of Contribution ex-TAC to 32% from 26% in Q2 2023 Reaffirming full year 2024 Contribution ex-TAC and Adjusted EBITDA guidance Launched $50 million Ordinary Share repurchase program and fully repaid the Company's outstanding long-term debt in Q2 2024 NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (AIM/NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, announced today its financial results for the three and six months ended June 30, 2024.

TransAlta Common Shares: Buy Reiterated, Target Price Increased; Series G Preferreds Are Interesting, Too
seekingalpha.com22 August 2024 Sentiment: POSITIVE

TransAlta Corporation's shares have increased by 18.6% since May 31, with a strong investment case expected to continue. Recent power supply issues in Alberta may lead to more incentives for power generators, benefiting TransAlta. Despite lower Q2 results, TransAlta maintains its 2024 outlook, with a strong balance sheet and decreasing capital expenditures.

Reasons to Add TransAlta (TAC) to Your Portfolio Right Now
zacks.com20 August 2024 Sentiment: POSITIVE

TransAlta (TAC) makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.

TransAlta (TAC) Now Trades Above Golden Cross: Time to Buy?
zacks.com14 August 2024 Sentiment: POSITIVE

TransAlta Corporation (TAC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, TAC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

What type of business is 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. The Wind and Solar segment has a net ownership interest of approximately 2,057 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States; and the state of Western Australia. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta, Ontario, Michigan, and the state of Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

What sector is TransAlta in?

TransAlta is in the Utilities sector

What industry is TransAlta in?

TransAlta is in the Independent Power Producers industry

What country is TransAlta from?

TransAlta is headquartered in Canada

When did TransAlta go public?

TransAlta initial public offering (IPO) was on 31 July 2001

What is TransAlta website?

https://www.transalta.com

Is TransAlta in the S&P 500?

No, TransAlta is not included in the S&P 500 index

Is TransAlta in the NASDAQ 100?

No, TransAlta is not included in the NASDAQ 100 index

Is TransAlta in the Dow Jones?

No, TransAlta is not included in the Dow Jones index

When was TransAlta the previous earnings report?

No data

When does TransAlta earnings report?

The next expected earnings date for TransAlta is 05 November 2024