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TransAlta Corporation (TAC)

Utilities | Utilities - Independent Power Producers | Calgary, Canada | NYSE
12.66 USD -0.56 (-4.236%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)
After hours: 12.69 +0.03 (0.207%) ⇧ (Oct. 14, 2026, 5:17 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 4:58 a.m. EDT

The investment case for TransAlta is currently bifurcated between a deteriorating balance sheet and a speculative rally driven by growth narratives. Fundamentally, the company is in distress: it is generating negative earnings (-0.22 trailing EPS), carries a crushing debt-to-equity ratio of 229%, and trades at a premium price-to-book of nearly 7x despite a current ratio below 1.0. While revenue growth of 12.5% and a recent $1B Colorado deal provide a logical basis for optimism, the market has not yet priced in the massive leverage required to fund this expansion, making the long-term outlook precarious rather than exceptional. However, the short-term outlook is buoyed by aggressive options positioning. Traders are stacking call open interest at $15 and $20 strikes, signaling a belief that the recent rally will continue. This speculative fervor keeps the stock detached from its fundamental reality, creating a volatile environment where the price could surge on news of the Colorado assets but faces a severe correction if earnings fail to turn positive soon. The dividend yield of 1.53% is insufficient to offset the risk of capital erosion given the negative return on equity and high payout pressure relative to free cash flow.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.024629
AutoARIMA0.025637
AutoETS0.025638
AutoTheta0.032157

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 42%
H-stat 4.90
Ljung-Box p 0.000
Jarque-Bera p 0.561
Excess Kurtosis -0.65
Attribute Value
Sector Utilities
Ex Dividend Date 2026-08-31
Last Dividend Date 2026-08-31
Debt to Equity Ratio 229.259
Revenue per Share 7.591
Market Cap 4,004,357,888
Forward P/E 30.42
Beta 0.48
Profit Margins -1.01%
Website https://www.transalta.com

As of Oct. 10, 2026, 4:58 a.m. EDT: Speculators are overwhelmingly bullish, positioning heavy call volume and open interest at strikes significantly above the current price ($15 and $20), while put activity remains negligible. This indicates a strong expectation of upside momentum despite the stock trading below its 200-day average.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.43% 1.14% 1.68% 1.67%
Dividend History
Date Dividend Yield %
2026-09-01 0.051 0.433305
2026-06-01 0.051 0.360169
2026-02-27 0.048 0.349345
2025-08-29 0.047 0.382114
2025-05-30 0.047 0.481557
2025-02-28 0.042 0.406190
2024-11-29 0.043 0.381883
2024-08-30 0.044 0.500000
2024-05-31 0.044 0.611111
2024-02-29 0.044 0.640466
2023-11-30 0.040 0.490798
2023-08-31 0.041 0.427529
2023-05-31 0.040 0.415369
2023-02-28 0.041 0.506799
2022-11-30 0.041 0.438503
2022-08-31 0.038 0.405117
2022-05-31 0.040 0.351185
2022-02-28 0.039 0.383481
2021-11-30 0.039 0.383481
2021-08-31 0.036 0.367347
2021-06-01 0.037 0.396570
2021-02-26 0.036 0.414269
2020-11-30 0.033 0.476190
2020-08-31 0.032 0.496894
2020-05-29 0.031 0.530822
2020-02-28 0.032 0.427807
2019-11-29 0.030 0.445104
2019-08-30 0.030 0.465839
2019-05-31 0.030 0.453858
2019-02-28 0.030 0.492611
2018-11-30 0.030 0.558659
2018-05-31 0.031 0.607843
2018-02-28 0.031 0.558559
2017-11-30 0.031 0.516667
2017-08-30 0.032 0.524590
2017-05-30 0.030 0.535714
2017-02-27 0.031 0.574074
2016-11-29 0.030 0.555556
2016-08-30 0.031 0.701357
2016-05-31 0.031 0.645833
2016-02-26 0.030 0.686499
2015-11-27 0.135 3.221957
2015-08-28 0.136 2.605364
2015-05-28 0.145 1.666667
2015-02-26 0.145 1.554126
2014-08-27 0.164 1.416235
2014-05-28 0.166 1.382181
2014-02-28 0.162 1.406250
2013-11-26 0.275 2.017608
2013-08-28 0.277 2.165755
2013-05-29 0.279 1.920165
2013-02-27 0.288 1.886051
2012-11-28 0.292 1.940199
2012-08-29 0.293 1.883033
2012-05-30 0.283 1.753408
2012-02-28 0.289 1.379475
2011-11-29 0.281 1.336186
2011-08-30 0.294 1.311914
2011-05-27 0.296 1.337551
2011-02-25 0.295 1.416907
2010-11-29 0.298 1.440309
2010-08-30 0.274 1.378963
2010-05-27 0.272 1.378611
2010-02-25 0.274 1.296121
2009-11-27 0.277 1.352539
2009-08-28 0.264 1.346252
2009-05-28 0.261 1.449195
2009-02-25 0.232 1.411192
2008-11-26 0.217 1.215006
2008-08-27 0.256 0.721940
2008-05-28 0.272 0.760414
2008-02-27 0.267 0.745810
2007-11-28 0.253 0.776074
2007-08-29 0.238 0.850000
2007-05-30 0.232 0.886511
2007-02-27 0.216 1.038961
2006-11-29 0.222 1.008632
2006-08-30 0.225 1.029748
2006-05-30 0.223 1.038175
2006-02-27 0.217 1.023585
2005-11-29 0.214 1.000000
2005-08-30 0.209 1.146462
2005-05-27 0.250 1.567398
2005-02-25 0.203 1.389459
2004-11-29 0.250 1.667779
2004-08-30 0.190 1.593960
2004-05-27 0.250 2.006421
2004-02-26 0.250 1.896813
2003-11-26 0.250 1.748252
2003-08-27 0.250 1.827485
2003-05-28 0.250 1.860119
2003-02-26 0.250 2.244165
2002-11-26 0.250 2.234138
2002-08-28 0.250 1.973165
2002-05-29 0.250 1.714678
2002-02-27 0.157 1.146823
2001-11-28 0.250 1.696065
2001-08-29 0.250 1.554726
Additional Data
dividendYield 1.49
exDividendDate 2026-09-01
trailingAnnualDividendRate 0.265
trailingAnnualDividendYield 0.020045385
lastDividendValue 0.051
lastDividendDate 2026-09-01
dividendDate 2026-10-01

Info Dump

Attribute Value
52 Week Change -0.22417843
Address1 TransAlta Place
Address2 Suite 1400 1100 1st Street SE
All Time High 37.84
All Time Low 2.54
Ask 12.86
Ask Size 1,200
Audit Risk 3
Average Analyst Rating 1.8 - Buy
Average Daily Volume10 Day 1,207,430
Average Daily Volume3 Month 1,720,434
Average Volume 1,720,434
Average Volume10Days 1,207,430
Beta 0.483
Bid 11.42
Bid Size 3,700
Board Risk 3
Book Value 1.867288
City Calgary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 12.66
Current Ratio 0.844
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 13.21
Day Low 12.565
Debt To Equity 229.259
Display Name TransAlta
Dividend Date 1,790,812,800
Dividend Yield 1.49
Earnings Call Timestamp End 1,793,736,000
Earnings Call Timestamp Start 1,793,736,000
Earnings Timestamp 1,793,709,000
Earnings Timestamp End 1,793,709,000
Earnings Timestamp Start 1,793,709,000
Ebitda 849,000,000
Ebitda Margins 0.37467
Enterprise To Ebitda 10.543
Enterprise To Revenue 3.95
Enterprise Value 8,951,358,464
Eps Current Year 0.335
Eps Forward 0.4161274
Eps Trailing Twelve Months -0.22
Esg Populated 0
Ex Dividend Date 1,788,220,800
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 12.3122
Fifty Day Average Change 0.34780025
Fifty Day Average Change Percent 0.028248426
Fifty Two Week Change Percent -22.417843
Fifty Two Week High 17.88
Fifty Two Week High Change -5.2199993
Fifty Two Week High Change Percent -0.2919463
Fifty Two Week Low 11.38
Fifty Two Week Low Change 1.2799997
Fifty Two Week Low Change Percent 0.11247801
Fifty Two Week Range 11.38 - 17.88
Financial Currency CAD
First Trade Date Milliseconds 996,586,200,000
Five Year Avg Dividend Yield 1.61
Float Shares 265,733,119
Forward Eps 0.4161274
Forward P E 30.423374
Free Cashflow 290,875,008
Full Exchange Name NYSE
Full Time Employees 1,350
Fullday Change 0.25
Fullday Change Percent 1.9230769
Fullday Price 12.686148
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.34775
Gross Profits 788,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0026800002
Held Percent Institutions 0.80849
Implied Shares Outstanding 316,300,000
Industry Utilities - Independent Power Producers
Industry Disp Utilities - Independent Power Producers
Industry Key utilities-independent-power-producers
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,788,220,800
Last Dividend Value 0.051
Last Fiscal Year End 1,767,139,200
Long Business Summary TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) located in Alberta and Canada. The Wind and Solar segment has a net ownership interest of approximately 2,587 MW located in Alberta, Canada, the Unites States, and Western Australia, as well as battery storage facilities. The Gas segment has a net ownership interest of approximately 4834 MW located in Alberta, Canada, the Unites States, and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW located in the United States, as well as operates the Skookumchuck hydro facility in Centralia. The Energy Marketing segment is involved in the trading of electricity, natural gas, and environmental products. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
Long Name TransAlta Corporation
Market us_market
Market Cap 4,004,357,888
Market State POST
Max Age 86,400
Message Board Id finmb_878219
Most Recent Quarter 1,782,777,600
Net Income To Common -76,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,795,491,171
Number Of Analyst Opinions 2
Open 13.08
Operating Cashflow 667,000,000
Operating Margins 0.33265
Overall Risk 4
Payout Ratio 0.4068
Peg Ratio 6.98
Phone 403 267 7110
Post Market Change 0.026147842
Post Market Change Percent 0.20653903
Post Market Price 12.686148
Post Market Time 1,792,012,634
Previous Close 13.22
Price Eps Current Year 37.791042
Price Hint 2
Price To Book 6.7798862
Price To Sales Trailing12 Months 1.7671484
Profit Margins -0.0101499995
Quick Ratio 0.568
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.81818
Region US
Regular Market Change -0.56
Regular Market Change Percent -4.23601
Regular Market Day High 13.21
Regular Market Day Low 12.565
Regular Market Day Range 12.565 - 13.21
Regular Market Open 13.08
Regular Market Previous Close 13.22
Regular Market Price 12.66
Regular Market Time 1,792,008,002
Regular Market Volume 1,840,629
Return On Assets 0.02355
Return On Equity -0.01424
Revenue Growth 0.125
Revenue Per Share 7.591
Sand P52 Week Change 0.17004645
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 9
Shares Outstanding 316,300,000
Shares Percent Shares Out 0.045100003
Shares Short 14,271,012
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 11,605,180
Short Name TransAlta Corporation
Short Percent Of Float 0.0452
Short Ratio 6.93
Source Interval 15
State AB
Symbol TAC
Target High Price 16.168602
Target Low Price 9.843867
Target Mean Price 13.006234
Target Median Price 13.006234
Total Cash 302,000,000
Total Cash Per Share 0.955
Total Debt 4,239,000,064
Total Revenue 2,265,999,872
Tradeable 0
Trailing Annual Dividend Rate 0.265
Trailing Annual Dividend Yield 0.020045385
Trailing Eps -0.22
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 12.91545
Two Hundred Day Average Change -0.25545025
Two Hundred Day Average Change Percent -0.019778656
Type Disp Equity
Volume 1,840,629
Website https://www.transalta.com
Zip T2G 1B1