Atb Cap Markets Estimates TransAlta’s Q3 Earnings (NYSE:TAC)

TransAlta Corporation (NYSE:TAC) (TSE:TA) – Investment analysts at Atb Cap Markets upped their Q3 2026 EPS estimates for TransAlta in a research report issued to clients and investors on Monday, November 17th. Atb Cap Markets analyst N. Heywood now anticipates that the utilities provider will earn $0.16 per share for the quarter, up from their previous estimate of $0.15. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2027 earnings at $0.32 EPS.

TransAlta (NYSE:TAC) (TSE:TA) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). TransAlta had a negative return on equity of 2.06% and a negative net margin of 6.79%.The firm had revenue of $441.57 million for the quarter, compared to analyst estimates of $558.84 million.

A number of other research firms have also recently issued reports on TAC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TransAlta in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of TransAlta in a research note on Monday, November 10th. Scotiabank reaffirmed an “outperform” rating on shares of TransAlta in a research report on Monday, October 6th. National Bankshares reiterated an “outperform” rating on shares of TransAlta in a report on Tuesday, August 5th. Finally, Zacks Research lowered shares of TransAlta from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.88.

TransAlta Trading Up 1.2%

TransAlta stock opened at $14.42 on Wednesday. The stock has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $12.53. The stock has a market capitalization of $4.28 billion, a P/E ratio of -34.32 and a beta of 0.80. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.72 and a current ratio of 0.79. TransAlta has a 52 week low of $7.82 and a 52 week high of $17.88.

TransAlta Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Monday, December 1st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 dividend on an annualized basis and a yield of 1.8%. TransAlta’s payout ratio is currently -37.50%.

Institutional Investors Weigh In On TransAlta

A number of hedge funds and other institutional investors have recently made changes to their positions in TAC. Caitong International Asset Management Co. Ltd boosted its stake in shares of TransAlta by 48,666.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,389 shares of the utilities provider’s stock valued at $41,000 after buying an additional 4,380 shares during the period. Sage Rhino Capital LLC acquired a new position in TransAlta in the 3rd quarter valued at $139,000. Savant Capital LLC acquired a new position in TransAlta in the 2nd quarter valued at $127,000. Ballentine Partners LLC bought a new stake in shares of TransAlta during the 2nd quarter valued at $134,000. Finally, Entropy Technologies LP acquired a new stake in shares of TransAlta during the 1st quarter worth $119,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

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.