TransAlta

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Hydro, Wind and Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Hydro, Wind and Solar, Gas and Energy Transition business segments are responsible for operating and maintaining the company's electrical generation facilities in Canada, Australia, and the US. The Energy Marketing segment is responsible for marketing and scheduling the company's merchant asset fleet outside of Alberta along with procurement of gas, transport and storage to the company's gas fleet, providing intellectual knowledge to support the company's growth team, and generating a stand-alone gross margin separate from the company's asset business through a North American energy marketing platform. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

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CALGARY, Alberta, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Highlights TransAlta and ECP have agreed to an $80 million purchase price reduction to reflect two required asset divestitures representing 97 MW (net ownership) Transaction revalued at approximately $542 million, inclusive of the assumption of $232 million of low-cost debt, and subject to a further favourable economic adjustment of approximately $80 million, reflecting the economic benefit of the Heartland business arising since the effective date of the transaction of October 31, 2023, prior to working capital adjustments Heartland portfolio valued at a net price of approximately $270 per kilowatt, with an expected EBITDA multiple1 of approximately 5.4 times Highly accretive to free cash flow, with an attractive cash yield upon closing underpinned by approximately 60% of revenues contracted with a weighted-average remaining life of 15 years Corporate pre-tax synergies of approximately $20 million per annum Transaction to add 1,747 MW (net interest) of complementary capacity, including contracted cogeneration and peaking generation, legacy gas-fired thermal generation, transmission capacity, and potential hydrogen development opportunities, all of which will be critical to support reliability in the Alberta electricity market Enhances and further diversifies TransAlta's competitive portfolio in the highly dynamic and shifting electricity landscape in Alberta TransAlta Corporation (TSX: TA; NYSE: TAC) ("TransAlta" or "Company") announced today that it has entered into an amending agreement to the share purchase agreement (the "Amending Agreement") with an affiliate of Energy Capital Partners ("ECP"), the parent of Heartland Generation Ltd. and Alberta Power (2000) Ltd.

TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million

TravelCenters of America

TransAlta Corporation (NYSE:TAC ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Chiara Valentini - Vice President, Strategic Finance & Investor Relations John Kousinioris - President & Chief Executive Officer Joel Hunter - Executive Vice President, Finance & Chief Financial Officer Blain Van Melle - Executive Vice President, Commercial & Customer Relations Conference Call Participants Mark Jarvi - CIBC Benjamin Pham - BMO Maurice Choy - RBC Capital Markets Patrick Kenny - NBF John Mould - TD Securities Operator Good morning. My name is Sherry, and I will be your conference operator today.

TransAlta Corporation (TAC) Q3 2024 Earnings Call Transcript

CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the three and nine months ended Sept. 30, 2024, demonstrating another quarter of strong financial performance.

TransAlta Reports Strong Third Quarter 2024 Results

CALGARY, Alberta, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.06 per common share payable on January 1, 2025, to shareholders of record at the close of business on December 1, 2024.

TransAlta Declares Dividends

CALGARY, Alberta, Oct. 04, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its third quarter 2024 results before markets open on Tuesday, November 5, 2024. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

Media Advisory: TransAlta Third Quarter 2024 Results and Conference Call

IDACORP

Both IDA and TAC work efficiently and continue to provide reliable services to their customers.

IDA or TAC: Which Is a Better Utility Electric Power Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy TransAlta (TAC) Stock?

CALGARY, Alberta, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Further to TransAlta Corporation's (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) press release dated August 22, 2024, the Company announced today that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the “Series G Shares”) into Cumulative Redeemable Floating Rate Preferred Shares, Series H (the “Series H Shares”), there were only 20,607 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares. As a result, none of the Series G Shares will be converted into Series H Shares on September 30, 2024.

TransAlta Announces Conversion Results for Series G and Series H Preferred Shares

TransAlta Corporation's Q2 2024 results showcased strong performance due to effective hedging, despite a significant year-over-year drop in Alberta power prices. The company has a big hedge position for the next two years, and that should allow it more time to develop its portfolio. We are still moving to a hold and are now only interested in the preferreds.

TransAlta: Alberta Power Prices Force Pivot To Preferreds

CALGARY, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Further to the news release of TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) dated August 22, 2024, the Company announced today the applicable dividend rates for its cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) and cumulative redeemable floating rate first preferred shares Series H of the Company (“Series H Shares”).

TransAlta Announces Dividend Rates on Series G Preferred Shares and Series H Preferred Shares

Are Investors Undervaluing TransAlta (TAC) Right Now?

The average of price targets set by Wall Street analysts indicates a potential upside of 47.5% in TransAlta (TAC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think TransAlta (TAC) Could Surge 47.5%: Read This Before Placing a Bet

CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) on September 30, 2024 (the “Conversion Date”).

TransAlta Provides Notice of Series G Preferred Shares Conversion Right

TransAlta Corporation's shares have increased by 18.6% since May 31, with a strong investment case expected to continue. Recent power supply issues in Alberta may lead to more incentives for power generators, benefiting TransAlta. Despite lower Q2 results, TransAlta maintains its 2024 outlook, with a strong balance sheet and decreasing capital expenditures.

TransAlta Common Shares: Buy Reiterated, Target Price Increased; Series G Preferreds Are Interesting, Too

TransAlta (TAC) makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.

Reasons to Add TransAlta (TAC) to Your Portfolio Right Now

Is TransAlta (TAC) Stock Undervalued Right Now?

TransAlta Corporation (TAC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, TAC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

TransAlta (TAC) Now Trades Above Golden Cross: Time to Buy?

The average of price targets set by Wall Street analysts indicates a potential upside of 63% in TransAlta (TAC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe TransAlta (TAC) Could Rally 62.98%: Here's is How to Trade

TransAlta Corporation (NYSE:TAC ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Chiara Valentini - VP, Strategic Finance & Investor Relations John Kousinioris - President & CEO Joel Hunter - EVP, Finance & CFO Blain Van Melle - EVP, Commercial & Customer Relations Conference Call Participants Patrick Kenny - National Bank Financial Mark Jarvi - CIBC Capital Markets Maurice Choy - RBC Capital Markets John Mould - TD Cowen Benjamin Pham - BMO Capital Markets Operator Good morning. My name is Amy, and I will be your conference operator today.

TransAlta Corporation (TAC) Q2 2024 Earnings Call Transcript

CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the three and six months ended June 30, 2024, demonstrating strong financial performance and reaffirming its 2024 outlook.

TransAlta Reports Second Quarter 2024 Results

TransAlta (TAC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes TransAlta (TAC) a New Strong Buy Stock

The mean of analysts' price targets for TransAlta (TAC) points to an 86.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See an 86.88% Upside in TransAlta (TAC): Can the Stock Really Move This High?

CALGARY, Alberta, July 04, 2024 (GLOBE NEWSWIRE) -- TransAlta will release its second quarter 2024 results before markets open on Thursday, August 1, 2024. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

Media Advisory: TransAlta Second Quarter 2024 Results and Conference Call

CALGARY, Alberta, June 24, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that it has entered into an automatic share purchase plan (“ASPP”) with its broker in order to facilitate repurchases of TransAlta's common shares (“Common Shares”) under the Company's previously announced normal course issuer bid (“NCIB”).

TransAlta Corporation Enters into Automatic Share Purchase Plan

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Preferred shares of Enbridge and other select Canadian utilities and infrastructure companies are expected to perform strongly over the next 6 to 12 months. The Bank of Canada will likely cut interest rates for the first time on June 5th or July 24th, creating an opportunity to invest in fixed dividend preferred shares that could trigger FOMO. After reset, dividends paid by preferred shares of Enbridge Inc., ENB.PR.Y:CA and ENB.PF.A:CA, will increase by 54% and 41.2%, respectively.

News for TransAlta Stock (TAC)