Q4 2024 EPS Estimates for TransAlta Co. (NYSE:TAC) Cut by Analyst

TransAlta Co. (NYSE:TAC) (TSE:TA) – Research analysts at Atb Cap Markets dropped their Q4 2024 earnings per share (EPS) estimates for shares of TransAlta in a research note issued to investors on Sunday, May 5th. Atb Cap Markets analyst N. Heywood now expects that the utilities provider will post earnings per share of $0.08 for the quarter, down from their prior 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 issued its quarterly 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). TransAlta had a return on equity of 43.02% and a net margin of 18.70%. The company had revenue of $624.00 million for the quarter, compared to analyst estimates of $305.79 million. During the same quarter last year, the company earned ($0.45) EPS. The firm’s quarterly revenue was down 26.9% on a year-over-year basis.

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

TransAlta Stock Performance

TAC stock opened at $7.11 on Tuesday. The stock has a market capitalization of $2.18 billion, a PE ratio of 4.59 and a beta of 0.83. TransAlta has a fifty-two week low of $5.94 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.91 and a quick ratio of 0.82. The company has a 50 day moving average price of $6.54 and a 200 day moving average price of $7.31.

Institutional Investors Weigh In On TransAlta

Several large investors have recently modified their holdings of TAC. Quantbot Technologies LP increased its stake in TransAlta by 26.1% during the 1st quarter. Quantbot Technologies LP now owns 38,912 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 8,058 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in TransAlta during the first quarter valued at approximately $66,000. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in TransAlta by 2.3% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 148,300 shares of the utilities provider’s stock worth $951,000 after buying an additional 3,375 shares during the last quarter. NBC Securities Inc. lifted its stake in TransAlta by 156.3% in the 1st quarter. NBC Securities Inc. now owns 4,100 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 2,500 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in TransAlta during the fourth quarter worth about $33,000. 59.00% of the stock is currently owned by institutional investors.

TransAlta Increases Dividend

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

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.