TransAlta
About: TransAlta Corp is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia. The company has six reportable segments namely, Hydro, Wind & Solar, Energy Marketing, Gas, Energy Transition segment and Corporate Segment. The company generates the majority of its revenue from the gas segment.
Employees: 1,174
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
274% more call options, than puts
Call options by funds: $36.6M | Put options by funds: $9.8M
167% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 18
45% more capital invested
Capital invested by funds: $1.93B [Q3] → $2.81B (+$872M) [Q4]
43% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 10 (+3) [Q4]
18% more funds holding
Funds holding: 156 [Q3] → 184 (+28) [Q4]
4.01% more ownership
Funds ownership: 62.47% [Q3] → 66.48% (+4.01%) [Q4]
22% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 64
Research analyst outlook
We haven’t received any recent analyst ratings for TAC.
Financial journalist opinion
Neutral
GlobeNewsWire
6 days ago
TransAlta to Host Annual Meeting of Shareholders and First Quarter 2025 Results Conference Call
CALGARY, Alberta, April 08, 2025 (GLOBE NEWSWIRE) -- 2025 Annual Meeting of TransAlta Corporation Shareholders
Neutral
GlobeNewsWire
2 weeks ago
TransAlta Corporation Enters into Automatic Share Purchase Plan
CALGARY, Alberta, March 26, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that it has entered into an automatic share purchase plan (“ASPP”) with its broker in order to facilitate repurchases of TransAlta's common shares (“Common Shares”) under the Company's previously announced normal course issuer bid (“NCIB”).
Neutral
Seeking Alpha
1 month ago
TransAlta's Growth Story Has Holes And I'm Not Buying It
TransAlta Corporation faces a challenging year with a 20% stock decline, weak grades, and Alberta's collapsing power prices impacting revenue stability. Despite market headwinds, TransAlta's efficiency, strategic acquisitions, and expansion in renewable energy projects bolster its long-term growth potential. The company maintains strong free cash flow and liquidity, with significant investments in data centers and renewable energy projects supporting future growth.
Neutral
Seeking Alpha
1 month ago
TransAlta Corporation (TAC) Q4 2024 Earnings Call Transcript
TransAlta Corporation (NYSE:TAC ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Stephanie Paris - Vice President of Investor Relations and Corporate Strategy John Kousinioris - President and Chief Executive Officer Joel Hunter - Executive Vice President, Finance and Chief Financial Officer Blain van Melle - Executive Vice President, Commercial and Customer Relations Conference Call Participants Robert Hope - Scotiabank Mark Jarvi - CIBC Maurice Choy - RBC Capital Markets Patrick Kenny - National Bank John Mould - TD Cowen Benjamin Pham - BMO Operator Good morning. My name is Tawanda, and I will be your conference operator today.
Neutral
GlobeNewsWire
1 month ago
TransAlta Reports Strong 2024 Results, Announces Dividend Increase and 2025 Annual Guidance
CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the fourth quarter and year ended Dec. 31, 2024.
Neutral
Zacks Investment Research
2 months ago
Is the Options Market Predicting a Spike in TransAlta (TAC) Stock?
Investors need to pay close attention to TransAlta (TAC) stock based on the movements in the options market lately.
Neutral
GlobeNewsWire
2 months ago
TransAlta to Host Fourth Quarter and Full Year 2024 Results Conference Call
CALGARY, Alberta, Jan. 16, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta”) (TSX:TA)(NYSE:TAC) will release its fourth quarter and full year 2024 results before markets open on Thursday, February 20, 2025. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET).
Neutral
GlobeNewsWire
4 months ago
TransAlta Declares Dividends
CALGARY, Alberta, Dec. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.06 per common share payable on April 1, 2025, to shareholders of record at the close of business on March 1, 2025.
Neutral
GlobeNewsWire
4 months ago
TransAlta Closes Acquisition of Heartland Generation
CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (TSX: TA; NYSE: TAC) ("TransAlta" or "Company") announced today that it has completed its acquisition of Heartland Generation Ltd. and Alberta Power (2000) Ltd. (collectively, "Heartland") from Energy Capital Partners ("ECP"). The acquisition, which includes Heartland's entire business operations in Alberta and British Columbia, was completed for an aggregate purchase price of $542 million, reduced by approximately $95 million to reflect the economic benefit of the Heartland business arising since October 31, 2023, resulting in a net cash payment of $215 million before working capital adjustments.
Neutral
GlobeNewsWire
4 months ago
TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million
CALGARY, Alberta, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Highlights TransAlta and ECP have agreed to an $80 million purchase price reduction to reflect two required asset divestitures representing 97 MW (net ownership) Transaction revalued at approximately $542 million, inclusive of the assumption of $232 million of low-cost debt, and subject to a further favourable economic adjustment of approximately $80 million, reflecting the economic benefit of the Heartland business arising since the effective date of the transaction of October 31, 2023, prior to working capital adjustments Heartland portfolio valued at a net price of approximately $270 per kilowatt, with an expected EBITDA multiple1 of approximately 5.4 times Highly accretive to free cash flow, with an attractive cash yield upon closing underpinned by approximately 60% of revenues contracted with a weighted-average remaining life of 15 years Corporate pre-tax synergies of approximately $20 million per annum Transaction to add 1,747 MW (net interest) of complementary capacity, including contracted cogeneration and peaking generation, legacy gas-fired thermal generation, transmission capacity, and potential hydrogen development opportunities, all of which will be critical to support reliability in the Alberta electricity market Enhances and further diversifies TransAlta's competitive portfolio in the highly dynamic and shifting electricity landscape in Alberta TransAlta Corporation (TSX: TA; NYSE: TAC) ("TransAlta" or "Company") announced today that it has entered into an amending agreement to the share purchase agreement (the "Amending Agreement") with an affiliate of Energy Capital Partners ("ECP"), the parent of Heartland Generation Ltd. and Alberta Power (2000) Ltd.
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