Streetbeat News

TAC

TransAlta Corporation

https://www.transalta.com

Industry

Independent Power Producers

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.

Open

10.90

Mkt cap

3.2B

Volume

781K

High

10.97

P/E Ratio

39.81

52-wk high

11.11

Low

10.74

Div yield

0.02

52-wk low

5.94

TransAlta announced the renewal of its Normal Course Issuer Bid (NCIB) to repurchase up to 14 million common shares, representing approximately 4.6% of its outstanding shares. The repurchases will be made through open market transactions on the TSX and other Canadian trading systems, and any repurchased shares will be cancelled.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:52 am

TransAlta shares are trading higher following the announcement of better-than-expected Q1 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 4:59 pm

TransAlta has reaffirmed its FY24 adjusted EBITDA forecast to be between C$1.15 billion and C$1.30 billion, with FFO per share expected to range from C$1.47 to C$1.96.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:14 am

TransAlta reported a decrease in its Q1 FFO per share to C$0.78 from C$1.40 in the prior year, indicating a significant reduction in its financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:12 am

TransAlta (NYSE:TAC) reported Q1 2024 earnings of $0.53 per share, significantly beating the analyst consensus estimate of $0.16. However, sales decreased by 12.78% YoY to $702.609M from $805.551M.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:11 am

TransAlta has announced the commercial operation of the White Rock East and White Rock West wind facilities in Caddo County, Oklahoma, with a combined capacity of 300 MW.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:15 am

CIBC analyst Mark Jarvi maintains an Outperformer rating on TransAlta (TSX:TA) but lowers the price target from C$18.5 to C$16.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:30 pm

TransAlta announced the retirement of Todd Stack, its Executive Vice-president, Finance and Chief Financial Officer, effective June 30. Joel Hunter will succeed him, starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:08 am

Benzinga Insights identifies Hawaiian Electric Indus (HE), Via Renewables (VIA), Cia Energetica DE Minas (CIG), TransAlta (TAC), and Enel Chile (ENIC) as value stocks in the utilities sector based on low P/E multiples. The article provides recent financial performance including changes in earnings per share and dividend yields for each company.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:38 pm

The article highlights five value stocks in the utilities sector with low P/E ratios, indicating potential undervaluation. These stocks include TransAlta, Hawaiian Electric Industries, Genie Energy, Entergy, and Cia Energetica DE Minas, each with recent financial performance data such as earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:38 pm

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