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Transalta Corp (TA-T)
TSE:TA
13.71
0.12
(0.88%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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TransAlta Corp (TA) has garnered mixed opinions from analysts and experts in recent reviews. While some see it as a decent investment opportunity with a reliable dividend yield, others express caution, highlighting that its stock performance has been volatile over the past decade. The company is noted for its substantial exposure to Alberta's power market and has recently made progress with its renewable energy projects, yet concerns about its past underperformance and lack of substantial dividend growth linger. Analysts recommend a disciplined approach, advocating for trailing stop-loss strategies to protect investments. Overall, while there are positive growth indicators, the stock's history and recent fluctuations lead to varied outlooks among market watchers.
Our PAST TOP PICK with TA has triggered its stop at $16. To remain disciplined, we recommend covering the position at this time. Combined with our previous guidance, this will result in a net investment gain of 46%.
It has been up and down for a decade and its ten year chart shows a price not much higher than 10 years ago. He is not expecting much dividend growth. He prefers TC Energy which is more solid and more diversified.
Has been rallying the last 3-4 months based on rate cuts. Has exposure to the Alberta power market which has seen prices under pressure since 2022. Prefers Capital Power.
Ton of drama for many years. Exciting play when it separated out RNW, but then they put them back together. Underperformed since then. Not a bad name, but doesn't have the nice dividend that others in the space do.
Not the first place he'd put money. Dead money absent other catalysts. On a really sharp pullback, you could add. If you own it, it's a fine hold.
We reiterate this Canadian based developer of renewable energy as a TOP PICK. They recently announced the startup of a 200MW wind project in Oklahoma that is fully contracted - their 30th successful wind project. Shares trade at 12x earnings and support a robust 33% ROE. Quarterly cash reserves are growing again, while debt is retired and shares bought back. We continue to recommend a stop at $8.50, looking to achieve $13.00 -- upside potential of 26%. Yield 2.2%
(Analysts’ price target is $13.75)The Alberta based power generator holds a diverse portfolio of power generation assets in the US, Canada and Australia including 50 renewable projects with many new projects on the list. It trades at 12x earnings, 3.5x book and supports a 33% ROE. The modest dividend is supported by a payout ratio under 15% of cash flow. We recommend setting a stop-loss at $8.50, looking to achieve $13 -- upside potential of 30%. Yield 2.3%
(Analysts’ price target is $13.69)Utility-type companies should perform better once rates start to come down a bit, which hasn't started yet. Most downside has probably occurred, though could potentially retest. Value play, could pick away at these levels, not wild about it.
At current levels we would consider TA 'OK'. But, it has not created much long term value, and has had to cut its dividend in the past. We would far prefer BEPC or H and would be comfortable swapping.
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The Alberta based utility operates over 2,000 MW of wind and solar generation spread between Canada and the US. It trades at 18x earnings and supports a 30% ROE. Cash reserves are growing while shares are bought back, but they do continue to add to debt. Its dividend is backed by a payout ratio under 15% of cash flow. We recommend placing a stop-loss at $8.50, looking to achieve $15.00 -- upside potential of 50%. Yield 2.2%
(Analysts’ price target is $15.28)
Transalta Corp(TA-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 7
Neutral - Hold Signals / Votes : 7
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 15
Transalta Corp(TA-T) Frequently Asked Questions
What is Transalta Corp stock symbol?
Transalta Corp is a Canadian stock, trading under the symbol TA-T on the Toronto Stock Exchange (TA-CT). It is usually referred to as TSX:TA or TA-T
Is Transalta Corp a buy or a sell?
In the last year, 15 stock analysts published opinions about TA-T. 7 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Transalta Corp.
Is Transalta Corp a good investment or a top pick?
Transalta Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Transalta Corp.
Why is Transalta Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Transalta Corp worth watching?
15 stock analysts on Stockchase covered Transalta Corp In the last year. It is a trending stock that is worth watching.
What is Transalta Corp stock price?
On 2025-03-14, Transalta Corp (TA-T) stock closed at a price of $13.71.
He's looking at it. It's softened up considerably. Decent dividend payer, cut a few years ago but now back on track. High-quality company with share price having sold off. An opportunity, but he hasn't pulled the trigger yet.
Spike on chart due to strong earnings and a bunch of analysts giving it a "Buy". Got ahead of itself. Disappointment recently. He doesn't like buying at all-time highs, where there's often more downside than upside.