Q4 2024 EPS Estimates for TransAlta Co. Cut by Atb Cap Markets (NYSE:TAC)

TransAlta Co. (NYSE:TAC) (TSE:TA) – Research analysts at Atb Cap Markets cut their Q4 2024 EPS estimates for shares of TransAlta in a note issued to investors on Sunday, May 5th. Atb Cap Markets analyst N. Heywood now anticipates that the utilities provider will earn $0.08 per share for the quarter, down from their previous forecast 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.

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

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

TransAlta Stock Down 1.5 %

Shares of NYSE TAC opened at $7.11 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 4.06. TransAlta has a 12 month low of $5.94 and a 12 month high of $10.40. The firm has a fifty day simple moving average of $6.54 and a two-hundred day simple moving average of $7.31. The firm has a market capitalization of $2.18 billion, a PE ratio of 4.59 and a beta of 0.83.

TransAlta Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 1st will be issued a $0.0438 dividend. This represents a $0.18 annualized dividend and a yield of 2.46%. This is an increase from TransAlta’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, May 31st. TransAlta’s payout ratio is 7.74%.

Institutional Trading of TransAlta

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