Ultime notizie per TransAlta (NYSE:TAC) Azioni

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.

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

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;

News

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.

Price Target

Analyst Ratings

TSX:TA

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.

Earnings

Earnings Misses

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

WIIM

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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Markets

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.

TransAlta Reiterated FY24 Adj. EBITDA C$1.15B-C$1.30B, FFO Per Share C$1.47 - C$1.96

TransAlta Q1 FFO Per Share C$0.78 Vs. C$1.40 Prior Year

TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) 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.

Earnings Beats

TransAlta Q1 2024 GAAP EPS $0.53 Beats $0.16 Estimate, Sales $702.609M Down From $805.551M YoY

TransAlta Announced That The Combined 300 MW White Rock East And White Rock West Wind Facilities, Located In Caddo County, Oklahoma, Have Achieved Commercial Operation

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$18.5 to C$16.

CIBC Maintains Outperformer on TransAlta, Lowers Price Target to C$16

Commodities

Management

General

TransAlta Announced The Retirement Of Todd Stack, Executive Vice-president, Finance And Chief Financial Officer, Effective June 30, And Appointed Joel Hunter As Executive Vice-president, Finance And Chief Financial Officer, Effective July 1, 2024

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.23</li>
<li>Via Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIA#NASDAQ">VIA</a>) - P/E: 8.01</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.96</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 3.74</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 6.32</li>
</ol>
This quarter, Hawaiian Electric Indus experienced a decrease in earnings per share, which was $0.56 in Q3 and is now $0.48. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Via Renewables's earnings per share for Q4 sits at $-0.93, whereas in Q3, they were at 1.47. Its most recent dividend yield is at 12.24%, which has decreased by 0.75% from 12.99% in the previous quarter.
Cia Energetica DE Minas has reported Q3 earnings per share at $0.03, which has decreased by 75.0% compared to Q2, which was 0.12. TransAlta has reported Q4 earnings per share at $-0.2, which has decreased by 119.05% compared to Q3, which was 1.05. Most recently, the company reported a dividend yield of 2.08%, which has decreased by 0.08% from last quarter's yield of 2.16%.
This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ENIC

A Look Into Utilities Sector Value Stocks

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 3.97</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.42</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.64</li>
<li>Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) - P/E: 9.19</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.93</li>
</ol>
TransAlta's earnings per share for Q4 sits at $-0.2, whereas in Q3, they were at 1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
Hawaiian Electric Indus saw a decrease in earnings per share from 0.56 in Q3 to $0.48 now. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Most recently, Genie Energy reported earnings per share at $0.53, whereas in Q2 earnings per share sat at $0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
Entergy has reported Q4 earnings per share at $0.52, which has decreased by 84.1% compared to Q3, which was 3.27. Its most recent dividend yield is at 4.56%, which has decreased by 0.29% from 4.85% in the previous quarter.
This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

5 Value Stocks To Watch In The Utilities Sector

RBC Capital analyst Maurice Choy raised the firm's price target on TransAlta (TAC) to C$16 from C$14 and keeps an Outperform rating on the shares. ...

TransAlta price target raised to C$16 from C$14 at RBC Capital

CIBC analyst Mark Jarvi maintained a Buy rating on TransAlta (TAC – Research Report) today and set a price target of C$17.00. The company's shares ...

CIBC Keeps Their Buy Rating on TransAlta (TAC)

National Bank raised the firm's price target on TransAlta (TAC) to C$16 from C$15 and keeps an Outperform rating on the shares. Published first on ...

TransAlta price target raised to C$16 from C$15 at National Bank

TD Securities analyst John Mould raised the firm's price target on TransAlta (TAC) to C$18 from C$16 and keeps a Buy rating on the shares. Publishe...

TransAlta price target raised to C$18 from C$16 at TD Securities

Desjardins downgraded TransAlta (TAC) to Hold from Buy with a C$15.50 price target The analyst stated that the downgrade is "predicated on uncertai...

TransAlta downgraded to Hold from Buy at Desjardins

Stock Pickers Better Know When They're Going To Sell

Utility stocks tend to be safe investment option now due to rising energy demand, substantial investments in renewable energy, and stable returns. They offer lower volatility, strong dividends, and promising long-term growth prospects. Therefore, investors should consider buying strong utility stocks such as Brookfield Infrastructure (BIPC), Pampa Energía (PAM), and TransAlta (TAC) for steady returns. Read on... With rising energy demand fueled by industrial expansion, data centers, and electric vehicles, utility stocks present a reliable option for safe, steady returns. Backed by substantial investments in renewable energy and the stability of essential services like heat and electricity, the utility sector is well-positioned for promising growth.
Hence, investors looking for safe, steady returns could consider investing in strong utility stocks like Brookfield Infrastructure Corporation (<a href="https://stocknews.com/stock/BIPC/">BIPC</a>), Pampa Energía S.A. (<a href="https://stocknews.com/stock/PAM/">PAM</a>), and TransAlta Corporation (<a href="https://stocknews.com/stock/TAC/">TAC</a>).
Global clean energy initiatives and substantial investments in solar and wind power support the sector's long-term growth, making utility stocks a stable investment. Notably, U.S. electricity demand is projected to grow by <a href="https://www.iea.org/reports/electricity-2024/executive-summary">2.5% in 2024</a>, with steady 1% annual growth through 2026, driven by electrification and data center expansion, which will contribute over one-third of this increase.
As utilities shift away from fossil fuels, they are poised for more stable costs and improved profits. Expected interest rate cuts and favorable regulatory changes add to this optimism. Additionally, investments in gas liquefaction, export terminals, and methane reduction further strengthen the sector. The global utilities market is projected to grow 6.8% annually, reaching <a href="https://www.researchandmarkets.com/report/utilities">$8.31 trillion by 2027</a>.
Furthermore, with lower volatility and strong dividends, utilities remain a promising choice amid economic fluctuations. Considering these conducive trends, let's analyze the fundamental aspects of the three utility picks.
Brookfield Infrastructure Corporation (<a href="https://stocknews.com/stock/BIPC/">BIPC</a>)
BIPC and its subsidiaries own and operate regulated natural gas transmission systems in Brazil. The company also engages in regulated gas and electricity distribution operations in the United Kingdom and electricity transmission and distribution and gas distribution in Australia.
In terms of the trailing-12-month Return on Total Capital, BIPC's 12.21% is 201.8% higher than the 4.04% industry average. Likewise, its 36.76% trailing-12-month net income margin is 181.9% higher than the 13.04% industry average. Furthermore, the stock's 82.31% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> is 125% higher than the 36.58% industry average.
BIPC pays an annual dividend of $1.62, which translates to a yield of 3.72% at the current share price. Its four-year average dividend yield is 3.53%. Its dividend payouts have increased at a CAGR of 6% over the past three years. BIPC has paid dividends for the past three years.
For the fiscal second quarter ended June 30, 2024, BIPC's total revenue rose 68.8% year-over-year to $908 million. The company's net income was $643 million, compared to a net loss of $154 million in the same quarter last year. Additionally, BIPC's cash from operating activities was $511 million, up 92.8% from the prior-year quarter.
For the quarter ended September 30, 2024, BIPC's FFO is expected to increase 5.5% year-over-year to $0.77. Its revenue for fiscal 2024 is expected to increase 22.9% year-over-year to $19.05 billion. Over the past year, the stock has gained 48.9% to close the last trading session at $43.57.
BIPC's robust fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
BIPC has a B grade for Growth, Momentum, and Quality. Within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities – Domestic</a> industry, it is ranked first out of 59 stocks. To see BIPC's ratings for Value, Stability, and Sentiment, <a href="https://stocknews.com/stock/BIPC/">click here</a>.
Pampa Energía S.A. (<a href="https://stocknews.com/stock/PAM/">PAM</a>)
Based in Buenos Aires, Argentina, PAM operates as an integrated power company. It has four segments: Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Businesses. The company generates electricity through thermal plants, hydroelectric plants, and wind farms, with an installed capacity of 5,332 megawatts (MW).
In terms of the trailing-12-month net income margin, PAM's 23.95% is 83.7% higher than the 13.04% industry average. Likewise, its 10.94% trailing-12-month Return on Total Capital is 170.5% higher than the 4.04% industry average. Furthermore, the stock's 0.69x trailing-12-month asset turnover ratio is 217.8% higher than the 0.22x industry average.
PAM's sales revenue for the fiscal second quarter, which ended June 30, 2024, grew 304.6% year-over-year to AR$446.41 billion ($453.41 million). The company's gross profit reached AR$174.17 billion ($176.90 million), reflecting a 305.6% increase from the prior year.
Additionally, its net income attributable to company owners and net income per ADR to shareholders were AR$90.06 billion ($91.47 million) and AR$1,655.50 per share, respectively, up 113.5% from year-ago values.
Street expects PAM's revenue for the quarter ended September 30, 2024, to increase 31.5% year-over-year to $573.55 million. Its EPS for fiscal 2024 is expected to grow 925.1% year-over-year to $7.65. Over the past year, the stock has gained 74.6% to close the last trading session at $68.65.
PAM's POWR Ratings reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system.
It is ranked #15 out of 50 stocks in the B-rated <a href="Utilities%20-%20Foreign">Utilities – Domestic</a> industry. It has a B grade for Momentum. <a href="https://stocknews.com/stock/PAM/">Click here</a> to see PAM's ratings for Growth, Value, Stability, Sentiment, and Quality.
TransAlta Corporation (<a href="https://stocknews.com/stock/TAC/">TAC</a>)
Headquartered in Calgary, Canada, TAC engages in the development, production, and sale of electric energy. It operates through the Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments.
In terms of the trailing-12-month asset turnover ratio margin, TAC's 0.35x is 61.5% higher than the 0.22x industry average. Likewise, its 19.50% trailing-12-month net income margin is 49.5% higher than the 13.04% industry average. Furthermore, the stock's 81.91% trailing-12-month Return on Common Equity is 752.7% higher than the 9.61% industry average.
TAC's annualized dividend of $0.17 per share translates to a dividend yield of 1.71% on the current share price. Its four-year average yield is 1.73%. Over the past five TAC's dividend payments have grown at CAGRs of 7%.
In the second quarter ended June 30, 2024, TAC reported revenues of C$582 million ($310.15 million) and an adjusted EBITDA of C$312 million ($225.49 million). For the same period, net earnings attributable to common shareholders were C$56 million ($40.47 million), or C$0.18 per share.
Analysts expect TAC's FFO for fiscal 2025 to increase marginally year-over-year to $2.18. Over the past nine months, the stock has gained 52.9% to close the last trading session at $10.12.
TAC's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value, Momentum, and Sentiment. It is ranked #4 in the Utilities - Foreign industry. <a href="https://stocknews.com/stock/TAC/">Click here</a> to see TAC's ratings for Growth and Stability.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
BIPC shares were trading at $43.33 per share on Friday afternoon, down $0.24 (-0.55%). Year-to-date, BIPC has gained 28.66%, versus a 23.05% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/bipc-pam-tac-3-top-utility-stocks-for-safe-steady-returns/>3 Top Utility Stocks for Safe, Steady Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top Utility Stocks for Safe, Steady Returns

TransAlta to buy Heartland Generation in reduced C$542M deal

Fidelity Multi-Asset Income Fund Q3 2024 Review

TransAlta Stock Downgraded On Recent Gains, Economic Headwinds, And Changing Interest Rate Environment

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Press Releases

Media Advisory: TransAlta Second Quarter 2024 Results and Conference Call

Dividends

TransAlta Declares Dividends

TransAlta Reports Second Quarter 2024 Results

TransAlta Provides Notice of Series G Preferred Shares Conversion Right

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 Reports Strong Third Quarter 2024 Results

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

RBC Capital

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TransAlta

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Ultime notizie per TransAlta (NYSE:TAC) Azioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO