Atb Cap Markets Forecasts TransAlta’s Q2 Earnings (NYSE:TAC)

TransAlta Corporation (NYSE:TAC) (TSE:TA) – Atb Cap Markets boosted their Q2 2026 earnings per share estimates for TransAlta in a report released on Monday, November 17th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will post earnings per share of $0.08 for the quarter, up from their previous estimate of $0.07. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share. Atb Cap Markets also issued estimates for TransAlta’s FY2026 earnings at $0.43 EPS.

A number of other equities analysts have also commented on TAC. CIBC reiterated an “outperform” rating on shares of TransAlta in a report on Monday, October 20th. Scotiabank reaffirmed an “outperform” rating on shares of TransAlta in a research report on Monday, October 6th. TD Securities reaffirmed a “buy” rating and set a $20.00 target price (up from $19.00) on shares of TransAlta in a report on Tuesday, August 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TransAlta in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded 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 given a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.88.

TransAlta Stock Up 0.3%

NYSE:TAC opened at $14.47 on Thursday. TransAlta has a one year low of $7.82 and a one year high of $17.88. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.79 and a quick ratio of 0.72. The company has a market cap of $4.29 billion, a PE ratio of -34.44 and a beta of 0.80. The firm’s 50 day simple moving average is $15.24 and its 200 day simple moving average is $12.54.

TransAlta (NYSE:TAC) (TSE:TA) last released its quarterly earnings results 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 the consensus estimate of $558.84 million.

TransAlta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Monday, December 1st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 annualized dividend and a yield of 1.8%. TransAlta’s dividend payout ratio (DPR) is currently -37.50%.

Hedge Funds Weigh In On TransAlta

Several institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in shares of TransAlta by 48,666.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,389 shares of the utilities provider’s stock worth $41,000 after buying an additional 4,380 shares during the period. Sage Rhino Capital LLC bought a new position in TransAlta during the third quarter worth $139,000. Savant Capital LLC acquired a new stake in TransAlta in the second quarter worth $127,000. Ballentine Partners LLC bought a new stake in TransAlta in the second quarter valued at $134,000. Finally, Entropy Technologies LP acquired a new position in shares of TransAlta during the first quarter valued at about $119,000. 59.00% of the stock is owned by institutional investors and hedge funds.

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.