TransAlta FY2025 EPS Estimate Cut by National Bank Financial

by · The Cerbat Gem

TransAlta Co. (NYSE:TAC – Free Report) (TSE:TA) – National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for TransAlta in a research report issued to clients and investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the utilities provider will post earnings per share of $0.40 for the year, down from their previous forecast of $0.42. The consensus estimate for TransAlta’s current full-year earnings is $0.55 per share. National Bank Financial also issued estimates for TransAlta’s FY2028 earnings at $0.84 EPS.

TAC has been the subject of a number of other research reports. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. Desjardins reaffirmed a “hold” rating on shares of TransAlta in a report on Wednesday, November 6th. Finally, StockNews.com lowered TransAlta from a “buy” rating to a “hold” rating in a report on Saturday.

View Our Latest Report on TransAlta

TransAlta Trading Down 3.2 %

TransAlta stock opened at $13.61 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 2.94. The stock’s 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $9.88. TransAlta has a 12 month low of $5.94 and a 12 month high of $14.64. The firm has a market cap of $4.06 billion, a PE ratio of 36.78 and a beta of 0.84.

TransAlta Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 1st will be given a dividend of $0.0423 per share. This represents a $0.17 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, February 28th. TransAlta’s dividend payout ratio is presently 45.95%.

Institutional Trading of TransAlta

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in TransAlta by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 122,621 shares of the utilities provider’s stock valued at $1,277,000 after buying an additional 2,524 shares in the last quarter. Creative Planning raised its holdings in shares of TransAlta by 6.9% during the third quarter. Creative Planning now owns 53,803 shares of the utilities provider’s stock valued at $557,000 after acquiring an additional 3,492 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of TransAlta in the third quarter valued at approximately $42,000. Signaturefd LLC boosted its stake in shares of TransAlta by 23.6% in the third quarter. Signaturefd LLC now owns 26,207 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 5,008 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of TransAlta during the third quarter worth approximately $61,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

TransAlta Company Profile

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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.

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