TSE:TA

Transalta Corp (TA.TO)

17.74
-0.25 (1.39%)
as of Aug 5, 2026, 8:00:00 pm Market Open.
237 watching
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Transalta Corp (TA-T) is receiving mixed reviews from analysts, highlighting its recent strategic acquisitions in Colorado and the potential for growth due to increased power demand, especially from data centres. While some experts praise its forward-looking growth at attractive valuation metrics compared to its peers, others caution about its relatively low dividend yield and market sentiment that currently favors tech over utilities. Concerns are raised regarding its performance relative to other utilities and its recent stock price performance, which some believe is influenced by investors' flight to AI-focused stocks. Ultimately, while the fundamentals appear solid with plans for expansion and EPS growth, many analysts suggest caution before entering positions until market dynamics stabilize.

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Consensus
Mixed
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Valuation
Fair Value
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TOP PICK
Had a major bottom in early 2009 with a little bit of a rising bottom. It is almost a V extended bottom. In a major trading range and has just broken out. About a 6% dividend.
DON'T BUY
Warm to the utilities. He owns man others. He didn’t think management was as good as others, nor some of the assets. He prefers a clean utility, assets that are not economically sensitive and dividends that rise.
TOP PICK
Likes it because it bounced from where it was in a trading range. Excellent risk to reward. The company has guided higher. Fantastic yield.
DON'T BUY
Most of their power plants are based on coal. Coal power plants are being phased out across Canada. They’ll have to look for other sources.
DON'T BUY
Has been paying out a lot of its earnings and in some cases has paid out more. Hasn’t recovered from its big fall in 2008 because there isn’t much possibility of dividend growth. If you are going to choose a utility, this wouldn’t be most people’s choice.
TOP PICK
Stock is cheap compared to its own long-term record. Has a nice dividend. Earnings forecasts are starting to turn back up again. There is support from analysts, markets.
BUY
Owns it in Income Now portfolio. Good dividend payer. Coverage of dividend is solid. Not a lot of potential for growth in dividend, however.
TOP PICK
6.4% bond maturing Nov18/19. Investment grade. Gives you 2% above government of Canada bonds.
BUY
Chart shows long-term resistance. Has gone back to the bottom of its trading range. That is the time you want to buy. You won't get a large capital gains but if looking for a consistent yield with relatively low risk, this is a good investment.
HOLD
Model $17.90, 14% negative differential. Dividend $1.15, with earnings estimate of $1.16. Next year is $1.24. 5.5% yield. Investors are there for the yield. If interest rates spike, these stocks are vulnerable.
PAST TOP PICK
(A Top Pick June 4/10. Up 10.7%.) This was bought strictly for the dividends. Doesn’t expect a huge amount of capital appreciation. Will buy when it gets close to the $20 range and trade out when it gets close to $24.
COMMENT
Chart is flat. In a trading range and there is no particular reason to believe it is going to go above or below its range. The key is that it is a nice high yielding security. You own this for yield, not capital gains.
HOLD
Would not expect dividend increase for the next couple of years. Are paying out pretty much as much as they can – all of the earnings and some cash flow. They can maintain it, however. Decent yield.
DON'T BUY
Has this decrepit coal fired plant that needs to be turned around. He prefers Moore Capital Power. Prices are so suppressed right now, if they go up, TA will benefit.
COMMENT
Good management but not great. Has under performed. Had an earnings miss last quarter. Also had some issues with Alberta power plants. Prefers it on the debt side through bonds. Consider Enbridge (ENB-T) or Atco (ACO.X-T) instead.
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