Transalta Corp | StockChase
556
Transalta Corp (TA-T)

Last Price Recorded: $7.4300 on 2017-11-17

ON STOCKCHASE SINCE Nov 2000

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electrical/electronic

Transalta Corp


Signal Opinion Expert

2017-11-02

DON'T BUY
Transalta Corp (TA-T)

It has had a nice recovery based on the bottom but not when you look at the high of a couple of years ago.  They have the renewable side and it used to be worth more than TA-T corp.  That imbalance got fixed.  They got into trouble on the balance sheet.  He would prefer something more stable.

electrical/electronic
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $7.490
Owned: No

2017-08-03

HOLD
Transalta Corp (TA-T)

Alberta shut down its coal fired electrical generation plants.  Contracts were ended.  Australia has some issues for them too.  They have cut their costs down and re-focused.  There used to be funding issues.  They are fine now, but not the best in their sector.  He leans more to interpipes.  There is clearly not a dividend cut coming.  They are not overlevered.

electrical/electronic
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $8.140
Owned: Unknown

2017-06-27

COMMENT
Transalta Corp (TA-T)

You buy this because of its assets and the ability of those assets to generate cash flow. Feels the Alberta electric generation market is still subject to a lot of question marks. He would rather own wind power in Europe.

electrical/electronic
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $8.010
Owned: Unknown

2017-06-01

COMMENT
Transalta Corp (TA-T)

This has struggled over the last couple of years as it got hurt by the environmental movement and the NDP government in Alberta wanting to shut down all coal producing energy assets. They are migrating from coal to natural gas and have 2 plants, Sundance 1 and Sundance 2 that are coal fired, which are going to close by the end of this year. That hurts their bottom line. Also, for the last number of years, they have been over levered. Their bond rating has always hovered below investment grade or just barely above it. Thinks it will be in the penalty box for another 6 months to 1 year because they don’t have the greatest of assets.

electrical/electronic
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $7.660
Owned: Unknown

2017-05-09

COMMENT
Transalta Corp (TA-T)

This, by default, is a contrarian company that happens to be in the utility space. This is coming back. They’ve had to do some major cost cutting. They’re converting some of their coal plants to natural gas in order to avoid some carbon tax. The beauty of utilities is that they do generate cash flow. The question becomes, how sustainable is that cash flow. Feels you can do better elsewhere.

electrical/electronic
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $7.240
Owned: Unknown

2017-04-03

HOLD
Transalta Corp (TA-T)

He likes the sector.  He thinks it looks okay.  It broke out and came back to do a test.  There is some upside.

electrical/electronic
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $7.630
Owned: Unknown

2017-03-30

PAST TOP PICK
Transalta Corp (TA-T)

(Top Pick Apr 6/16, Up 35%) Cheap valuation.  They have an agreement with the Alberta government on their coal.  Brookfield has been buying up similar assets. 

electrical/electronic
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $7.820
Owned: Yes

2017-02-24

DON'T BUY
Transalta Corp (TA-T)

A utility type stock, and is fully priced at this level. It has had an excellent run this year. He questions if the yield is sustainable on a longer-term basis.

electrical/electronic
Bill Shaw

Partner & Portfolio Manager, Exponent Investment Management

Price: $7.150
Owned: Unknown

2017-02-14

DON'T BUY
Transalta Corp (TA-T)

Cut their dividend pretty significantly about 1.5 years ago, and there isn’t really a lot of catalysts in the stock. A coal fired power production largely with some CPA’s that are rolling off over time, and then they will ultimately need to replace their fleet with natural gas, renewables or some combination of the 2. With a yield at 2.1%, and without a lot of growth, there are better options elsewhere.

electrical/electronic
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $7.620
Owned: No

2017-02-10

DON'T BUY
Transalta Corp (TA-T)

A utility company that he would not own. You own utility companies for slow, steady growth, steady rising dividends so that you can sleep at nights. This has not been that kind of company. Its operations have been troubled. Management has done some questionable things.

electrical/electronic
Norman Levine

Managing Director, Portfolio Management Corp

Price: $7.890
Owned: No

2017-01-20

HOLD
Transalta Corp (TA-T)

Their legacy business was coal which experienced some difficulty, and was on the way to being shut down in Alberta. The issue was, how much will they get for these legacy assets. Also, they wisely decided to set up a renewable subsidiary where they still own a good chunk of it. This has grown quite nicely. Thinks the CEO is doing a decent job.

electrical/electronic
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $7.760
Owned: No

2016-12-09

COMMENT
Transalta Corp (TA-T)

Reached an agreement with Alberta for transition payments of about $97 million a year from 2017 to 2030. That news was better than expected and he upgraded it to a $7.50 target. It is a little higher than that, but still pretty cheap on a free cash yield. Trading at 15.3 versus its peers at lower levels. Its payout ratio on a free cash flow is 14%. He would prefer one with a bigger yield and one with the drop downs, Transalta Renewables (RNW-T).

electrical/electronic
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $7.540
Owned: Unknown

2016-11-30

COMMENT
Transalta Corp (TA-T)

Preferreds. The settlement of the energy issue last week has been very favourable. This company is in good shape, because a lot of their existing coal capacity can also convert into natural gas, so as they meet the capacity markets in Alberta that have been created, that is a plus for them. As to preferreds, people own them for 1) income and 2) for the higher position on the balance sheet. It has a 7% yield, but in 2017, that will reset to 3.1% above whatever the 5-year yield is at the time. The rate-reset game that has been going on in the Canadian preferred market since 2008, has been very painful.

electrical/electronic
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $7.350
Owned: Yes

2016-11-28

DON'T BUY
Transalta Corp (TA-T)

(Market Call Minute.) Has had a good run lately, but given that it is a utility you don’t want to be here.

electrical/electronic
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $7.350
Owned: Unknown

2016-11-09

PAST TOP PICK
Transalta Corp (TA-T)

Long half of pairs trade (Top Pick Sept 15/16, Down 6.65%) He still likes it a lot and it did well until a couple of days ago.  It is a deeply undervalued utility. 

electrical/electronic
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $5.610
Owned: Yes

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