Transalta Corp

TA-T

TSE:TA

8.96
0.00 (0.00%)
TransAlta Corporation is an electricity power generator and wholesale marketing company headquartered in Calgary, Alberta. It is a privately owned corporation and its shares are traded publicly.
More at Wikipedia

Analysis and Opinions about TA-T

Signal
Opinion
Expert
HOLD
HOLD
November 29, 2019
It has had a good bounce this year. Brookfield has been brought in (now holding 5% of the stock) and holds a couple of board seats. The true value is $11-$12, he thinks. He likes the hydro generation assets on the renewable trend. Yield 2.5%
Transalta Corp (TA-T)
November 29, 2019
It has had a good bounce this year. Brookfield has been brought in (now holding 5% of the stock) and holds a couple of board seats. The true value is $11-$12, he thinks. He likes the hydro generation assets on the renewable trend. Yield 2.5%
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$8.920
Owned
Unknown
SELL
SELL
November 18, 2019
He prefers ALA-T to this one at these levels. Nothing is going to move this one materially higher in the next while.
Transalta Corp (TA-T)
November 18, 2019
He prefers ALA-T to this one at these levels. Nothing is going to move this one materially higher in the next while.
Ryan Bushell
President, Newhaven Asset Management
Price
$8.910
Owned
No
PAST TOP PICK
PAST TOP PICK
October 25, 2019
(A Top Pick Oct 03/18, Up 11%) Doing what it is supposed to do. Dull and boring. He likes their hydro assets and Brookfield has bought into a convertible bond, equivalent to about 5% of the stock outstanding and may add another 5% in the future. Management wants to buy back stock. It should be a $9-$10 stock.
Transalta Corp (TA-T)
October 25, 2019
(A Top Pick Oct 03/18, Up 11%) Doing what it is supposed to do. Dull and boring. He likes their hydro assets and Brookfield has bought into a convertible bond, equivalent to about 5% of the stock outstanding and may add another 5% in the future. Management wants to buy back stock. It should be a $9-$10 stock.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$7.850
Owned
Yes
WEAK BUY
WEAK BUY
September 16, 2019

It's been smashed in the past five years, dropping from the mid-teens to around $5-6, and cut their dividend. They made some bad calls when Alberta de-regulated and they let their transmission lines go. But they have turned around. The dividend could rise in coming years and it could move to $12. He prefers Capital Power.

Transalta Corp (TA-T)
September 16, 2019

It's been smashed in the past five years, dropping from the mid-teens to around $5-6, and cut their dividend. They made some bad calls when Alberta de-regulated and they let their transmission lines go. But they have turned around. The dividend could rise in coming years and it could move to $12. He prefers Capital Power.

Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$8.730
Owned
No
PAST TOP PICK
PAST TOP PICK
May 23, 2019
(A Top Pick May 03/18, Up 30%) They did a good job of highlighting value in their hydro assets. They are buying back stock but he would prefer they increased the dividend more. This is a good entry point again.
(A Top Pick May 03/18, Up 30%) They did a good job of highlighting value in their hydro assets. They are buying back stock but he would prefer they increased the dividend more. This is a good entry point again.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$8.650
Owned
Yes
DON'T BUY
DON'T BUY
May 6, 2019
It is difficult. It is southern Alberta. It has been in transition for a bit and still seems to be. He would not feel comfortable in the sector until things look better in Alberta.
It is difficult. It is southern Alberta. It has been in transition for a bit and still seems to be. He would not feel comfortable in the sector until things look better in Alberta.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$9.010
Owned
No
BUY
BUY
March 18, 2019
This hurt a lot of people. Now they are cheap, trading at 15.1% free-cash yield. He sees more upside 25-50% though nowhere near to $30.
Transalta Corp (TA-T)
March 18, 2019
This hurt a lot of people. Now they are cheap, trading at 15.1% free-cash yield. He sees more upside 25-50% though nowhere near to $30.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$8.870
Owned
Unknown
DON'T BUY
DON'T BUY
January 17, 2019
Over a number of years are making a transition from coal to natural gas fired power plants. He would prefer to look at the renewables or NPI-T.
Transalta Corp (TA-T)
January 17, 2019
Over a number of years are making a transition from coal to natural gas fired power plants. He would prefer to look at the renewables or NPI-T.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$6.450
Owned
No
BUY
BUY
October 22, 2018

It has not done very well. He also bought some of the preferreds. He thinks they are moving in the right direction. The dividend is pretty secure. They have a long way to go to complete their turnaround. There may be tax loss selling at the end of the year but many have already taken their loss.

Transalta Corp (TA-T)
October 22, 2018

It has not done very well. He also bought some of the preferreds. He thinks they are moving in the right direction. The dividend is pretty secure. They have a long way to go to complete their turnaround. There may be tax loss selling at the end of the year but many have already taken their loss.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$7.240
Owned
Yes
TOP PICK
TOP PICK
October 3, 2018

There is deep value in this name, owning 60% of TransAlta Renewables – the share value of which equals the market value of TA-T on its own. They own 9% of the Alberta hydro market. The new PPAs on the hydro assets, which act as backup for wind and solar, could help propel this company to a double in the next three years. Yield 2.2%. (Analysts’ price target is $8.25)

Transalta Corp (TA-T)
October 3, 2018

There is deep value in this name, owning 60% of TransAlta Renewables – the share value of which equals the market value of TA-T on its own. They own 9% of the Alberta hydro market. The new PPAs on the hydro assets, which act as backup for wind and solar, could help propel this company to a double in the next three years. Yield 2.2%. (Analysts’ price target is $8.25)

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$7.190
Owned
Yes
COMMENT
COMMENT
September 28, 2018

Has been a terrible place to be. Long-term decline. It’s destroyed wealth. Market’s trading off of underlying ownership of Transalta Renewables. Pays a small dividend. Washed out, fairly decent value in it.

Transalta Corp (TA-T)
September 28, 2018

Has been a terrible place to be. Long-term decline. It’s destroyed wealth. Market’s trading off of underlying ownership of Transalta Renewables. Pays a small dividend. Washed out, fairly decent value in it.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$7.270
Owned
Yes
WEAK BUY
WEAK BUY
May 23, 2018

It has a good dividend. The consolidation this year is actually pretty good, given the utility sector performance as a whole. This is in a good spot to begin to go higher. The quarterly dividend had been cut from $0.29 per share to $0.04, but this is already factored in by the market. Yield 2%.

It has a good dividend. The consolidation this year is actually pretty good, given the utility sector performance as a whole. This is in a good spot to begin to go higher. The quarterly dividend had been cut from $0.29 per share to $0.04, but this is already factored in by the market. Yield 2%.

Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$6.710
Owned
No
TOP PICK
TOP PICK
May 3, 2018

It is not the same company of 5 years ago. All the headwinds are now tailwinds. They are becoming cash flow positive and paying down debt. It is quite attractive, being a utility. (Analysts’ target: $8.20).

It is not the same company of 5 years ago. All the headwinds are now tailwinds. They are becoming cash flow positive and paying down debt. It is quite attractive, being a utility. (Analysts’ target: $8.20).

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$6.880
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 24, 2017

(A Top Pick Sept 15/16. Up 28%.) *Long* (Pairs trade with a Short on TRP-T.) He still has both positions on.

Transalta Corp (TA-T)
November 24, 2017

(A Top Pick Sept 15/16. Up 28%.) *Long* (Pairs trade with a Short on TRP-T.) He still has both positions on.

Daniel Lloyd
Portfolio Manager, Forge First Asset Management
Price
$7.500
Owned
Yes
DON'T BUY
DON'T BUY
November 2, 2017

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.

Transalta Corp (TA-T)
November 2, 2017

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.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$7.490
Owned
No
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