Atb Cap Markets Weighs in on TransAlta Co.’s Q4 2024 Earnings (NYSE:TAC)

TransAlta Co. (NYSE:TAC) (TSE:TA) – Equities researchers at Atb Cap Markets dropped their Q4 2024 EPS estimates for shares of TransAlta in a 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 announced its quarterly earnings data on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). TransAlta had a net margin of 18.70% and a return on equity of 43.02%. The firm had revenue of $624.00 million during the quarter, compared to analysts’ expectations of $305.79 million. During the same quarter in the previous year, the business posted ($0.45) EPS. The company’s revenue for the quarter was down 26.9% on a year-over-year basis.

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

TransAlta Stock Up 3.0 %

Shares of NYSE:TAC opened at $7.32 on Tuesday. The business has a 50-day moving average price of $6.55 and a 200 day moving average price of $7.31. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 4.06. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 4.72 and a beta of 0.83. TransAlta has a 12-month low of $5.94 and a 12-month high of $10.40.

TransAlta Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be given a $0.0438 dividend. This is an increase from TransAlta’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, May 31st. TransAlta’s dividend payout ratio is currently 10.97%.

Hedge Funds Weigh In On TransAlta

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP raised its holdings in shares of TransAlta by 25.7% in the 3rd quarter. Quantbot Technologies LP now owns 11,712 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 2,392 shares during the period. NBC Securities Inc. lifted its position in shares of TransAlta by 156.3% in the 1st quarter. NBC Securities Inc. now owns 4,100 shares of the utilities provider’s stock worth $26,000 after buying an additional 2,500 shares during the last quarter. Clayton Partners LLC boosted its stake in TransAlta by 15.7% in the fourth quarter. Clayton Partners LLC now owns 18,546 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 2,517 shares during the period. DORCHESTER WEALTH MANAGEMENT Co increased its position in TransAlta by 2.3% in 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 period. Finally, Tacita Capital Inc raised its holdings in shares of TransAlta by 2.3% during the third quarter. Tacita Capital Inc now owns 163,155 shares of the utilities provider’s stock valued at $1,425,000 after buying an additional 3,675 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

About TransAlta

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.