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How to buy TransAlta Renewables (RNW) stocks

Learn how to easily invest in TransAlta Renewables stocks.

TransAlta Renewables is an utilities-renewable business based in Canada. TransAlta Renewables stocks (RNW.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$13.07 – a decrease of 0.47% over the previous week. TransAlta Renewables employs 0 staff and has a trailing 12-month revenue of around C$536 million.

How to buy TransAlta Renewables stock

  1. Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
  2. Open an account. Provide your personal information and sign up.
  3. Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
  4. Search for the stock name – RNW. Search for the stock by name or ticker symbol.
  5. Buy the stock. Place your order. It's that simple.

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TransAlta Renewables stock price (TO:RNW)

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

TransAlta Renewables shares at a glance

Information last updated 2023-05-27.
Latest market closeC$12.77
52-week rangeC$10.29 - C$17.41
50-day moving average C$12.41
200-day moving average C$13.49
Wall St. target priceC$13.42
PE ratio 42.5667
Dividend yield C$0.94 (7.36%)
Earnings per share (TTM) C$0.30

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Is it a good time to buy TransAlta Renewables 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.

TransAlta Renewables price performance over time

Historical closes compared with the close of C$12.77 from 2023-05-26

1 week (2023-05-23) -0.47%
1 month (2023-04-28) 0.95%
3 months (2023-03-02) 10.09%
6 months (2022-11-30) -10.64%
1 year (2022-05-30) -26.74%
2 years (2021-05-28) -33.83%
3 years (2020-05-29) 14.33
5 years (2018-05-30) 2.32%

Is TransAlta Renewables stock undervalued or overvalued?

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

TransAlta Renewables financials

Revenue TTM C$536 million
Operating margin TTM 20.9%
Gross profit TTM C$258 million
Return on assets TTM 2.05%
Return on equity TTM 4.12%
Profit margin 14.55%
Book value C$6.55
Market capitalisation C$3.4 billion

TTM: trailing 12 months

TransAlta Renewables share dividends

Dividend payout ratio: 104.44% of net profits

Recently TransAlta Renewables has paid out, on average, around 104.44% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.36% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), TransAlta Renewables shareholders could enjoy a 7.36% return on their shares, in the form of dividend payments. In TransAlta Renewables's case, that would currently equate to about C$0.94 per share.

TransAlta Renewables's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

TransAlta Renewables's most recent dividend payout was on 31 May 2023. The latest dividend was paid out to all shareholders who bought their shares by 14 June 2023 (the "ex-dividend date").

TransAlta Renewables share price volatility

Over the last 12 months, TransAlta Renewables's shares have ranged in value from as little as C$10.2919 up to C$17.4052. A popular way to gauge a stock's volatility is its "beta".

RNW.TO volatility(beta: 0.76)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while TransAlta Renewables's is 0.7582. This would suggest that TransAlta Renewables's shares are less volatile than average (for this exchange).

TransAlta Renewables overview

TransAlta Renewables Inc. owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. Its portfolio of assets comprises 50 renewable power generation facilities, including wind, hydro, and gas. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. is a subsidiary of TransAlta Corporation.

Frequently asked questions

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