Analysts Set Expectations for TransAlta Co.’s Q4 2024 Earnings (NYSE:TAC)

TransAlta Co. (NYSE:TAC) (TSE:TA) – Equities researchers at Atb Cap Markets decreased their Q4 2024 earnings per share estimates for shares of TransAlta in a research note issued to investors on Sunday, May 5th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.10. The consensus estimate for TransAlta’s current full-year earnings is $0.51 per share. Atb Cap Markets also issued estimates for TransAlta’s Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.46 EPS.

Separately, StockNews.com downgraded TransAlta from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th.

TransAlta Trading Up 3.0 %

Shares of TAC stock opened at $7.32 on Tuesday. The stock’s fifty day moving average price is $6.55 and its two-hundred day moving average price is $7.31. The company has a market cap of $2.25 billion, a PE ratio of 4.72 and a beta of 0.83. TransAlta has a fifty-two week low of $5.94 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.82 and a current ratio of 0.91.

TransAlta (NYSE:TAC) (TSE:TA) last issued its earnings results on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The business had revenue of $624.00 million during the quarter, compared to analyst estimates of $305.79 million. TransAlta had a net margin of 18.70% and a return on equity of 43.02%. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.45) EPS.

TransAlta Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 1st will be issued a dividend of $0.0438 per share. This is an increase from TransAlta’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, May 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.39%. TransAlta’s dividend payout ratio (DPR) is 10.97%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new position in TransAlta during the 4th quarter worth $33,000. NBC Securities Inc. raised its position in shares of TransAlta by 156.3% in the 1st quarter. NBC Securities Inc. now owns 4,100 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 2,500 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of TransAlta in the 1st quarter worth about $66,000. Calton & Associates Inc. bought a new position in shares of TransAlta in the 4th quarter worth about $93,000. Finally, 1832 Asset Management L.P. raised its position in shares of TransAlta by 50.3% in the 4th quarter. 1832 Asset Management L.P. now owns 11,576 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 3,876 shares in the last quarter. 59.00% of the stock is owned by institutional investors.

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.