TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through six segments: Hydro, Wind and Solar, North American Gas, Australian Gas, Alberta Thermal, and Centralia. The company owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. The company serves municipalities, medium and large industries, businesses, and utility customers. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: transalta.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | Buy → Hold | Desjardins | |
| 10/30/2024 | Buy | Desjardins | |
| 4/12/2023 | Neutral → Outperform | Credit Suisse | |
| 2/1/2023 | Outperform → Neutral | Credit Suisse | |
| 3/22/2022 | Buy → Neutral | BofA Securities |
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 adjustmentsHeartland portfolio valued at a net price of approximately $270 per kilowatt, with an expected EBITDA multiple1 of
CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) today reported its financial results for the three and nine months ended Sept. 30, 2024, demonstrating another quarter of strong financial performance. "Our third quarter results illustrate the value of our proactive hedging strategy together with the active management of our Alberta merchant portfolio. Our asset optimization strategies have achieved exceptional results and we are tracking toward the upper end of our 2024 guidance given our portfolio position and performance during the first nine months of the year," said John Kousinioris,
CALGARY, Alberta, Oct. 23, 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 January 1, 2025, to shareholders of record at the close of business on December 1, 2024. The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including September 30, 2024, up to but excluding December 31, 2024: Preferred SharesTSX Stock SymbolDividend RateDividend Per ShareRecord DatePayment DateSeries ATA.PR.D2.877%$0.17981December 1, 2024December 31, 2024Series B*TA.PR.E6.235%$0.39182Decem
CALGARY, Alberta, Oct. 04, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta") (TSX:TA) (NYSE:TAC) will release its third quarter 2024 results before markets open on Tuesday, November 5, 2024. 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). The media will be invited to ask questions following analysts. Third Quarter 2024 Conference Call:Webcast link: https://edge.media-server.com/mmc/p/22yb3pn9 To access the conference call via telephone, please register ahead of time using the call link below: https://register.vevent.com
CALGARY, Alberta, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX:TA, NYSE:TAC) press release dated August 22, 2024, the Company announced today that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the "Series G Shares") into Cumulative Redeemable Floating Rate Preferred Shares, Series H (the "Series H Shares"), there were only 20,607 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares. As a result, none of the Series G Shares will be converted into
CALGARY, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Further to the news release of TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA, NYSE:TAC) dated August 22, 2024, the Company announced today the applicable dividend rates for its cumulative redeemable rate reset first preferred shares Series G ("Series G Shares") (TSX:TA) and cumulative redeemable floating rate first preferred shares Series H of the Company ("Series H Shares"). With respect to any Series G Shares that remain outstanding after September 30, 2024, holders thereof will be entitled to receive quarterly fixed cumulative preferential cash dividends, if, as and when declared by the Board of Directors of TransAlta.
CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA, NYSE:TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series G ("Series G Shares") (TSX:TA) on September 30, 2024 (the "Conversion Date"). As a result, the holders of the Series G Shares will have the right to convert all or any of their Series G Shares into cumulative redeemable floating rate first preferred shares Series H of the Company ("Series H Shares") on the basis of one Series H Share for each Series G Share on the Conversion Date subject to
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) today reported its financial results for the three and six months ended June 30, 2024, demonstrating strong financial performance and reaffirming its 2024 outlook. Second Quarter 2024 Financial Highlights TransAlta's second quarter results exceeded expectations and delivered strong free cash flow and solid operating performance. The Company delivered Free Cash Flow ("FCF")(1) per share of $0.57, which was firmly supported by its hedging and asset optimization strategies given the expected decline in Alberta spot power prices ye
CALGARY, Alberta, July 29, 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 October 1, 2024, to shareholders of record at the close of business on September 1, 2024. The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including June 30, 2024, up to but excluding September 30, 2024: PreferredSharesTSX StockSymbolDividendRateDividend PerShareRecord DatePayment DateSeries ATA.PR.D2.877%$0.17981September 1, 2024September 30, 2024Series B*TA.PR.E6.902%$0.43373September 1,
CALGARY, Alberta, July 04, 2024 (GLOBE NEWSWIRE) -- TransAlta will release its second quarter 2024 results before markets open on Thursday, August 1, 2024. 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). The media will be invited to ask questions following analysts. Second Quarter 2024 Conference Call:Webcast link: https://edge.media-server.com/mmc/p/wyxuetfp To access the conference call via telephone, please register ahead of time using the call link below: https://register.vevent.com/register/BI822fcd13487248f6aeaefa8578cef5cc.
CIBC analyst Mark Jarvi maintains TransAlta (TSX:TA) with a Outperformer and lowers the price target from C$16.5 to C$15.5.
Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 Common Shares, representing approximately 4.6% 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.
TransAlta (NYSE:TAC) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.16 by 233.75 percent. The company reported $702.609 million in sales this quarter. This is a 12.78 percent decrease over sales of $805.551 million the same period last year.
CIBC analyst Mark Jarvi maintains TransAlta (TSX:TA) with a Outperformer and lowers the price target from C$18.5 to C$16.
CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (TSX:TA) (NYSE:TAC) ("TransAlta" or the "Company") held its Annual Meeting of Shareholders ("the Meeting") on April 25, 2024. The total number of common shares represented by shareholders at the Meeting and by proxy was 194,587,285, representing 63.21 per cent of the Company's outstanding common shares. The following resolutions were considered by shareholders: Election of Directors The twelve director nominees proposed by management were elected. The votes by ballot were received as follows: NomineeVotes ForPer centAgainstPer centJohn P. Dielwart187,971,08799.50%952,2080.50%Alan J. Fohrer187,736,51799.37%1,186,6
CALGARY, Alberta, April 11, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) announced today the retirement of Todd Stack, Executive Vice-President, Finance and Chief Financial Officer from the Company, effective June 30, 2024. "On behalf of the Board of Directors and management team, I wish to express my deep appreciation to Todd for his contributions to TransAlta and its success during his 34-year tenure with the Company. As CFO, Todd has played a leadership role in strengthening our balance sheet and simplifying our corporate structure as he helped position TransAlta to deliver on its strategic objectives into the future," said John Ko
CALGARY, AB, April 28, 2023 /PRNewswire/ - TransAlta Corporation (TSX:TA) (NYSE:TAC) ("TransAlta" or the "Company") held its Annual and Special Meeting of Shareholders ("the Meeting") on April 28, 2023. The total number of common shares represented by shareholders at the Meeting and by proxy was 151,051,401, representing 56.49 per cent of the Company's outstanding common shares. The following resolutions were considered by shareholders: Election of Directors The thirteen director nominees proposed by management were elected. The votes by ballot were received as follows: Nominee Votes For Per cent Withheld Per cent Rona H. Ambrose 148,554,412 99.33 % 1,009,260 0.67 % John P. Dielwart 149,1
CALGARY, AB, Dec. 15, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) announced today its financial outlook for 2023. HighlightsAdjusted EBITDA(1) range of $1.20 billion to $1.32 billionFree Cash Flow(1)(2) range of $560 million to $660 million or FCF per share range of $2.07 to $2.44Sustaining capital(3) range of $140 million to $170 millionContinued delivery of TransAlta's Clean Electricity Growth Plan by reaching final investment decision on 500 MW of additional clean energy projects across Alberta, the United States and Australia to deliver $75 million to $100 million of incremental adjusted EBITDAAppointment of Ms. Manjit Sharma to the Compan
CALGARY, AB, April 28, 2022 /PRNewswire/ - TransAlta Corporation (TSX:TA) (NYSE:TAC) ("TransAlta" or the "Company") held its Annual and Special Meeting of Shareholders ("the Meeting") on April 28, 2022. The total number of common shares represented by shareholders at the Meeting and by proxy was 189,079,207, representing 69.60 per cent of the Company's outstanding common shares. The following resolutions were considered by shareholders: 1. Election of DirectorsThe twelve director nominees proposed by management were elected. The votes by ballot were received as follows: Nominee Votes For Per cent Withheld Per cent Rona H. Ambrose 180,301,403 96.83% 5,896,534 3.17% John P. Dielwa
CALGARY, AB, May 4, 2021 /PRNewswire/ - TransAlta Corporation (TSX:TA) (NYSE:TAC) ("TransAlta" or the "Company") held its virtual Annual and Special Meeting of Shareholders on May 4, 2021. A total of 185,645,958 common shares, representing 68.79 per cent of the shares outstanding, were represented at the meeting. The following resolutions were considered by Shareholders: 1. Election of Directors The twelve director nominees proposed by management were elected. The votes by ballot were received as follows: Nominee Votes For Per cent Withheld Per cent Rona H. Ambrose 182,167,298 99.15% 1,559,128 0.85% John P. Dielwart 183,271,407 99.77% 422,019 0.23% Alan J. Fohrer 183,128,587 9
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CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) today reported its financial results for the three and nine months ended Sept. 30, 2024, demonstrating another quarter of strong financial performance. "Our third quarter results illustrate the value of our proactive hedging strategy together with the active management of our Alberta merchant portfolio. Our asset optimization strategies have achieved exceptional results and we are tracking toward the upper end of our 2024 guidance given our portfolio position and performance during the first nine months of the year," said John Kousinioris,
CALGARY, Alberta, Oct. 23, 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 January 1, 2025, to shareholders of record at the close of business on December 1, 2024. The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including September 30, 2024, up to but excluding December 31, 2024: Preferred SharesTSX Stock SymbolDividend RateDividend Per ShareRecord DatePayment DateSeries ATA.PR.D2.877%$0.17981December 1, 2024December 31, 2024Series B*TA.PR.E6.235%$0.39182Decem
CALGARY, Alberta, Oct. 04, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta") (TSX:TA) (NYSE:TAC) will release its third quarter 2024 results before markets open on Tuesday, November 5, 2024. 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). The media will be invited to ask questions following analysts. Third Quarter 2024 Conference Call:Webcast link: https://edge.media-server.com/mmc/p/22yb3pn9 To access the conference call via telephone, please register ahead of time using the call link below: https://register.vevent.com
CALGARY, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Further to the news release of TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA, NYSE:TAC) dated August 22, 2024, the Company announced today the applicable dividend rates for its cumulative redeemable rate reset first preferred shares Series G ("Series G Shares") (TSX:TA) and cumulative redeemable floating rate first preferred shares Series H of the Company ("Series H Shares"). With respect to any Series G Shares that remain outstanding after September 30, 2024, holders thereof will be entitled to receive quarterly fixed cumulative preferential cash dividends, if, as and when declared by the Board of Directors of TransAlta.
CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA, NYSE:TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series G ("Series G Shares") (TSX:TA) on September 30, 2024 (the "Conversion Date"). As a result, the holders of the Series G Shares will have the right to convert all or any of their Series G Shares into cumulative redeemable floating rate first preferred shares Series H of the Company ("Series H Shares") on the basis of one Series H Share for each Series G Share on the Conversion Date subject to
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) today reported its financial results for the three and six months ended June 30, 2024, demonstrating strong financial performance and reaffirming its 2024 outlook. Second Quarter 2024 Financial Highlights TransAlta's second quarter results exceeded expectations and delivered strong free cash flow and solid operating performance. The Company delivered Free Cash Flow ("FCF")(1) per share of $0.57, which was firmly supported by its hedging and asset optimization strategies given the expected decline in Alberta spot power prices ye
CALGARY, Alberta, July 29, 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 October 1, 2024, to shareholders of record at the close of business on September 1, 2024. The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including June 30, 2024, up to but excluding September 30, 2024: PreferredSharesTSX StockSymbolDividendRateDividend PerShareRecord DatePayment DateSeries ATA.PR.D2.877%$0.17981September 1, 2024September 30, 2024Series B*TA.PR.E6.902%$0.43373September 1,
CALGARY, Alberta, July 04, 2024 (GLOBE NEWSWIRE) -- TransAlta will release its second quarter 2024 results before markets open on Thursday, August 1, 2024. 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). The media will be invited to ask questions following analysts. Second Quarter 2024 Conference Call:Webcast link: https://edge.media-server.com/mmc/p/wyxuetfp To access the conference call via telephone, please register ahead of time using the call link below: https://register.vevent.com/register/BI822fcd13487248f6aeaefa8578cef5cc.
CALGARY, Alberta, June 24, 2024 (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"). The Company previously announced that it had received approval from the Toronto Stock Exchange ("TSX") to purchase up to 14,000,000 of its Common Shares during the 12-month period that commenced May 31, 2024 and terminates May 30, 2025. Purchases under the NCIB may be made through open market transactions on the T
CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) today reported its financial results for the first quarter ended March 31, 2024, demonstrating strong operational and financial performance and reaffirming its 2024 outlook. First Quarter 2024 Financial Highlights TransAlta's first quarter results exceeded our expectations given the anticipated decline in Alberta spot power prices to $99 per MWh in 2024, as compared to elevated spot power prices of $142 per MWh in 2023. The 30 per cent decline in spot prices year over year was primarily due to milder weather, lower natural gas prices and incremental generation fro
Desjardins downgraded TransAlta from Buy to Hold
Desjardins resumed coverage of TransAlta with a rating of Buy
Credit Suisse upgraded TransAlta from Neutral to Outperform
Credit Suisse downgraded TransAlta from Outperform to Neutral
BofA Securities downgraded TransAlta from Buy to Neutral
BMO Capital Markets upgraded TransAlta from Market Perform to Outperform
National Bank Financial resumed coverage of TransAlta with a rating of Sector Perform
Royal Bank of Canada reiterated coverage of TransAlta with a rating of Outperform and set a new price target of $13.00 from $11.00 previously
TD Securities reiterated coverage of TransAlta with a rating of Buy and set a new price target of $12.50 from $11.00 previously
Scotiabank reiterated coverage of TransAlta with a rating of Outperform and set a new price target of $13.50 from $12.00 previously
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