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How to buy TransAlta Corporation stock | $7.59

Own TransAlta Corporation stock in just a few minutes.

Fact checked

TransAlta Corporation is an utilities-independent power producers business based in the US. TransAlta Corporation shares (TAC) are listed on the NYSE and all prices are listed in US Dollars. TransAlta Corporation employs 1,543 staff and has a market cap (total outstanding shares value) of USD$2.1 billion.

How to buy shares in TransAlta Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for TransAlta Corporation. Find the stock by name or ticker symbol: TAC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until TransAlta Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$7.59, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of TransAlta Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of TransAlta Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

TransAlta Corporation share price

Use our graph to track the performance of TAC stocks over time.

TransAlta Corporation shares at a glance

Information last updated 2020-12-30.
Latest market closeUSD$7.59
52-week rangeUSD$3.5755 - USD$8.3382
50-day moving average USD$6.9047
200-day moving average USD$6.4092
Wall St. target priceUSD$6.43
PE ratio 27.5986
Dividend yield USD$0.14 (1.9%)
Earnings per share (TTM) USD$-0.709

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy TransAlta Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

TransAlta Corporation price performance over time

Historical closes compared with the close of $7.59 from 2020-12-31

1 week (2021-01-09) N/A
1 month (2020-12-16) N/A
3 months (2020-10-16) N/A
6 months (2020-07-16) N/A
1 year (2020-01-16) N/A
2 years (2019-01-16) N/A
3 years (2018-01-16) N/A
5 years (2016-01-16) N/A

Is TransAlta Corporation under- or over-valued?

Valuing TransAlta Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of TransAlta Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

TransAlta Corporation's P/E ratio

TransAlta Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 28x. In other words, TransAlta Corporation shares trade at around 28x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).

TransAlta Corporation financials

Gross profit TTM USD$786 million
Return on assets TTM 1.6%
Return on equity TTM -0.18%
Profit margin -2.91%
Book value $5.843
Market capitalisation USD$2.1 billion

TTM: trailing 12 months

Shorting TransAlta Corporation shares

There are currently 300,576 TransAlta Corporation shares held short by investors – that's known as TransAlta Corporation's "short interest". This figure is 62.9% down from 810,531 last month.

There are a few different ways that this level of interest in shorting TransAlta Corporation shares can be evaluated.

TransAlta Corporation's "short interest ratio" (SIR)

TransAlta Corporation's "short interest ratio" (SIR) is the quantity of TransAlta Corporation shares currently shorted divided by the average quantity of TransAlta Corporation shares traded daily (recently around 166064.08839779). TransAlta Corporation's SIR currently stands at 1.81. In other words for every 100,000 TransAlta Corporation shares traded daily on the market, roughly 1810 shares are currently held short.

However TransAlta Corporation's short interest can also be evaluated against the total number of TransAlta Corporation shares, or, against the total number of tradable TransAlta Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case TransAlta Corporation's short interest could be expressed as 0% of the outstanding shares (for every 100,000 TransAlta Corporation shares in existence, roughly 0 shares are currently held short) or 0.0011% of the tradable shares (for every 100,000 tradable TransAlta Corporation shares, roughly 1 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against TransAlta Corporation.

Find out more about how you can short TransAlta Corporation stock.

TransAlta Corporation share dividends

We're not expecting TransAlta Corporation to pay a dividend over the next 12 months.

TransAlta Corporation share price volatility

Over the last 12 months, TransAlta Corporation's shares have ranged in value from as little as $3.5755 up to $8.3382. A popular way to gauge a stock's volatility is its "beta".

TAC.US volatility(beta: 1.4)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while TransAlta Corporation's is 1.3977. This would suggest that TransAlta Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

TransAlta Corporation overview

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, and Energy Marketing segments. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 8,385 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

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