Q1 Earnings Estimate for TransAlta Issued By Atb Cap Markets

TransAlta Co. (NYSE:TAC) (TSE:TA) – Investment analysts at Atb Cap Markets dropped their Q1 2026 earnings per share (EPS) estimates for shares of TransAlta in a report issued on Wednesday, May 7th. Atb Cap Markets analyst N. Heywood now expects that the utilities provider will earn $0.09 per share for the quarter, down from their previous forecast of $0.12. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share. Atb Cap Markets also issued estimates for TransAlta’s Q2 2026 earnings at $0.04 EPS, Q3 2026 earnings at $0.10 EPS, FY2026 earnings at $0.34 EPS and FY2027 earnings at $0.22 EPS.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group started coverage on TransAlta in a research note on Friday, April 11th. They issued a “hold” rating for the company. Scotiabank cut TransAlta from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reduced their target price on shares of TransAlta from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com downgraded TransAlta from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, CIBC raised TransAlta from a “neutral” rating to an “outperformer” rating and cut their target price for the company from $23.00 to $19.50 in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.75.

TransAlta Stock Performance

Shares of NYSE TAC opened at $8.67 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 2.94. TransAlta has a 12-month low of $6.78 and a 12-month high of $14.64. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 21.15 and a beta of 0.71. The firm has a 50 day moving average of $9.06 and a 200 day moving average of $10.88.

TransAlta (NYSE:TAC) (TSE:TA) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). TransAlta had a net margin of 6.38% and a return on equity of 18.47%. The firm had revenue of $526.69 million for the quarter, compared to the consensus estimate of $509.31 million.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TAC. Vanguard Group Inc. grew its stake in TransAlta by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 10,291,968 shares of the utilities provider’s stock worth $96,055,000 after acquiring an additional 62,145 shares in the last quarter. Bank of Montreal Can grew its stake in TransAlta by 8.4% in the fourth quarter. Bank of Montreal Can now owns 9,290,110 shares of the utilities provider’s stock worth $131,222,000 after purchasing an additional 716,139 shares in the last quarter. FMR LLC increased its holdings in TransAlta by 79.7% during the 4th quarter. FMR LLC now owns 8,255,923 shares of the utilities provider’s stock worth $116,764,000 after purchasing an additional 3,662,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in TransAlta by 638.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,995,489 shares of the utilities provider’s stock valued at $112,936,000 after purchasing an additional 6,913,431 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of TransAlta by 280.1% in the 4th quarter. Bank of America Corp DE now owns 5,385,966 shares of the utilities provider’s stock worth $76,211,000 after buying an additional 3,969,037 shares during the period. 59.00% of the stock is currently owned by institutional investors.

TransAlta Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 1st will be given a dividend of $0.0458 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.11%. This is an increase from TransAlta’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, May 30th. TransAlta’s dividend payout ratio (DPR) is 43.90%.

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.