TransAlta (NYSE:TAC) Stock

TransAlta

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.

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This Bath &amp; Body Works Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

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U.S. stocks traded lower, with the Nasdaq Composite falling around 100 points on Thursday. Here are some big stocks recording gains in today’s session.

Lamb Weston, SP Plus And Other Big Stocks Moving Higher On Thursday

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TransAlta Corporation (NYSE: TAC) has inked a pact to buy shares of TransAlta Renewables Inc, 

TransAlta Takes Over TransAlta Renewables For $1.05B

TransAlta Corp

Tabcorp Holdings Ltd ADR

TRANSATLANTIC CAPITAL INC by TransAtlantic Capital Inc.

TransAtlantic Capital Inc

Capitol Series Trust Fairlead Tactical Sector ETF

TRANSALTA CP 1ST PFD C by TransAlta Corporation

TransAct Technologies Incorporated - Common Stock

Transact Technologies Inc

WIIM

TransAlta shares are trading higher after the company reported a year-over-year increase in Q4 sales results and announced an 8% increase in its dividend.

The company declared a dividend of C$0.065 per common share to be payable on July 1, 2025 to shareholders of record at the close of business on June 1, 2025.

Dividends

TransAlta Boosts Common Share Dividend By 8% From C$0.24 To C$0.26 Per Share On An Annualized Basis

TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $0.04 by 650 percent. This is a 10 percent decrease over losses of $(0.20) per share from the same period last year. The company reported $678.00 million in sales this quarter. This is a 47.88 percent increase over sales of $458.48 million the same period last year.

Earnings

Earnings Misses

TransAlta Q4 2024 GAAP EPS C$(0.22) Misses C$0.04 Estimate, Sales C$678.00M Up From C$624M YoY

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Earnings Scheduled For February 20, 2025

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies analyst David Katz upgraded the rating for Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) from Hold to Buy and raised the price target from $105 to $118. Wynn Resorts shares closed at $88.82 on Friday. <a href="https://www.benzinga.com/quote/wynn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>CIBC analyst Mark Jarvi upgraded TransAlta Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) from Neutral to Outperformer and lowered the price target from C$23 to C$19.5. TransAlta shares closed at $10.53 on Friday. <a href="https://www.benzinga.com/quote/TAC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Matthew Boss upgraded the rating for Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) from Neutral to Overweight and boosted the price target from $41 to $47. Bath &amp; Body Works shares closed at $36.47 on Friday. <a href="https://www.benzinga.com/quote/BBWI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Scotiabank analyst Maher Yaghi upgraded Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) from Sector Perform to Sector Outperform and announced a $208 price target. Digital Realty Trust shares closed at $164.28 on Friday. <a href="https://www.benzinga.com/quote/DLR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst James Shin upgraded Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) from Hold to Buy and raised the price target from $80 to $120. Gilead shares closed at $104.08 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BBWI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18065553/image-152-1024x503.png" alt="" class="wp-image-786637" style="width:591px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18065553/image-152-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18065553/image-152-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18065553/image-152-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18065553/image-152.png 1133w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This Bath & Body Works Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

CIBC analyst Mark Jarvi upgrades TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) from Neutral to Outperformer and lowers the price target from C$23 to C$19.5.

Price Target

CIBC Upgrades TransAlta to Outperformer, Lowers Price Target to C$19.5

Scotiabank analyst Robert Hope downgrades TransAlta (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TA#TSX">TA</a>) from Sector Outperform to Sector Perform and raises the price target from C$19 to C$21.

Downgrades

TSX:TA

Scotiabank Downgrades TransAlta to Sector Perform, Raises Price Target to C$21

TransAlta shares are trading higher. The stock may be moving higher amid a report Nvidia-backed Cohere is looking to open a multi-billion AI data center in Canada.

In order to meet the requirements of the federal Competition Bureau, TransAlta has also entered into a consent agreement with the Commissioner of Competition pursuant to which TransAlta has agreed to divest Heartland's Poplar Hill and Rainbow Lake assets following closing of the Transaction.&nbsp;

TransAlta Enters Amended Agreement To Acquire Heartland Generation From Energy Capital Partners At Reduced Price

RBC Capital analyst Maurice Choy maintains TransAlta (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TA#TSX">TA</a>) with a Outperform and raises the price target from C$14 to C$16.

RBC Capital Maintains Outperform on TransAlta, Raises Price Target to C$16

Guidance

TransAlta Expects 2024 Adjusted EBITDA Of $1.150B-$1.300B

TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $0.18 by 166.67 percent. The company reported $638.000 million in sales this quarter. This is a 15.84 percent decrease over sales of $758.102 million the same period last year.

TransAlta Q3 2024 GAAP EPS $(0.12) Misses $0.18 Estimate, Sales $638.000M Down From $758.102M YoY

TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-11-05. Here's a quick overview of what investors should know before the release.
Analysts are estimating that TransAlta will report an earnings per share (EPS) of $0.14.
Investors in TransAlta are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.06, leading to a 1.47% drop in the share price the following trading session.
Here's a look at TransAlta's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.07</td>
<td>0.11</td>
<td></td>
<td>0.33</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>0.53</td>
<td>-0.2</td>
<td>1.05</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>5.0%</td>
<td>5.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<h3>TransAlta Share Price Analysis</h3>
Shares of TransAlta were trading at $10.27 as of November 01. Over the last 52-week period, shares are up 29.62%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/TAC/earnings">To track all earnings releases for TransAlta visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For TransAlta

TransAlta shares are trading higher after the company reported better-than-expected Q2 financial results.

TransAlta Reaffirms Its 2024 Outlook

TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.07 by 85.71 percent. This is a 23.53 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $425.41 million which beat the analyst consensus estimate of $331.77 million by 28.23 percent. This is a 8.56 percent decrease over sales of $465.26 million the same period last year.

TransAlta Q2 EPS $0.13 Beats $0.07 Estimate, Sales $425.41M Beat $331.77M Estimate

TransAlta shares are trading higher after CIBC maintained an Outperform rating on the stock and lowered its price target from C$16.5 to C$15.5

CIBC analyst Mark Jarvi maintains TransAlta (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TA#TSX">TA</a>) with a Outperformer and lowers the price target from C$16.5 to C$15.5.

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CIBC Maintains Outperformer on TransAlta, Lowers Price Target to C$15.5

Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 Common Shares, representing approximately&nbsp;4.6%&nbsp;of the 303,256,652 Common Shares issued and outstanding as at May 27, 2024. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading systems on which the Common Shares are traded, based on the prevailing market price. Any Common Shares purchased under the NCIB will be cancelled.

Reported Monday, TransAlta Announced Renewal of Normal Course Issuer Bid To Repurchase Up To 14M Common Shares

TransAlta shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results.

Press Releases

TransAlta Announces Dividend Rates on Series G Preferred Shares and Series H Preferred Shares

TransAlta Announces Conversion Results for Series G and Series H Preferred Shares

Media Advisory: TransAlta Third Quarter 2024 Results and Conference Call

TransAlta Declares Dividends

TransAlta Reports Strong Third Quarter 2024 Results

TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million

TransAlta Closes Acquisition of Heartland Generation

TransAlta to Host Fourth Quarter and Full Year 2024 Results Conference Call

TransAlta Reports Strong 2024 Results, Announces Dividend Increase and 2025 Annual Guidance

CIBC

RBC Capital

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