Dive deeper: Detailed guide on how to buy stocks in Canada
TransAlta Renewables is an utilities - renewable business based in Canada. TransAlta Renewables stocks (RNW) are listed on the Toronto Stock Exchange, and all prices are listed in Canadian Dollars.
TransAlta Renewables employs 1,476 staff and has a trailing 12-month revenue of around C$496 million.Keep reading to see up-to-date TransAlta Renewables stock price and performance data, along with a step-by-step guide for how to buy TransAlta Renewables stock in Canada.
TransAlta Renewables (RNW) stock summary
| Company stock name | TransAlta Renewables Inc |
| Stock ticker symbol | RNW |
| Exchange | Toronto Stock Exchange |
| Where to buy TransAlta Renewables stock | Buy on CIBC Investor's Edge |
Can I buy TransAlta Renewables stock in Canada?
Yes, you can buy TransAlta Renewables stock in Canada. You simply need to open a brokerage account with an online trading platform that supports stocks on the Toronto Stock Exchange (TSX) exchange. Platforms like Interactive Brokers will allow you to directly buy TransAlta Renewables stock from within Canada.How to buy TransAlta Renewables stock
Follow these step-by-step instructions to purchase TransAlta Renewables (RNW) stock in Canada:
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Choose a stock trading platform.
Compare trading platforms. Choose a trading app with competitive pricing, access to trading tools and a user-friendly interface. (Check out our guide to the best trading apps in Canada.) -
Open a trading account.
To open a trading account, you'll need to provide personal information (like your email, phone number and banking details), verify your identity and complete the sign-up process. -
Fund your account.
Deposit funds into your trading account by linking your bank account via an Electronic Funds Transfer (EFT), wire transfer, cheque deposit or by whatever means the platform supports. Make sure you deposit enough to cover the stock price + any trading fees. -
Search for the stock—RNW.
Look up the stock using its name (TransAlta Renewables Inc) or ticker symbol (RNW). Review its current price, recent performance and other relevant data before placing your order. -
Complete your purchase of TransAlta Renewables stock.
Choose the number of RNW stocks you want to purchase, place your order, confirm the details and then submit. Once executed, the shares will appear in your trading account.
Our top picks for where to buy TransAlta Renewables stock
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- Access to international stock exchanges
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TransAlta Renewables stock chart (Toronto Stock Exchange (TSX): RNW)
This chart tracks TransAlta Renewables stock price performance over time.TransAlta Renewables stock price
We'll update this guide as more TransAlta Renewables stock information becomes available.
Is TransAlta Renewables stock a buy or sell right now?
The technical analysis gauge above shows real-time buy or sell ratings and analysis for TransAlta Renewables stock based on your selected timeframe. It uses three widely followed indicators—moving averages, oscillators and pivots—but this does not represent investment advice or a guarantee of success. Finder may not concur with these signals and accepts no responsibility for the performance of your stocks.
Can I buy TransAlta Renewables stock on the TSX?
No, you cannot buy TransAlta Renewables stock on the TSX because TransAlta Renewables stock is not listed on the TSX. Instead, TransAlta Renewables stock is listed on the Toronto Stock Exchange under the symbol "RNW."
That said, if you're wondering how to invest in TransAlta Renewables stock in Canada, you still have the option to do so by opening a trading account with a Canadian brokerage that gives you access to Toronto Stock Exchange, like Interactive Brokers.
TransAlta Renewables stock dividends
TransAlta Renewables dividend payout ratio: 84.68% of net profits
Recently TransAlta Renewables has paid out, on average, around 84.68% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.53% 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 7.53% 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 September 29, 2023. The latest dividend was paid out to all shareholders who bought their stocks by September 14, 2023 (the "ex-dividend date").
TransAlta Renewables stock performance metrics
Here are some common key metrics for TransAlta Renewables stock that analysts often use to help gauge a stock's value—P/E ratio, PEG ratio and EBITDA.
How volatile is TransAlta Renewables stock?
Over the last 12 months, TransAlta Renewables's stocks price has ranged from C$0.00 to as high as C$0.00. TransAlta Renewables's beta measurement of stock volatility is 0.74. For comparison, the market (Toronto Stock Exchange) average beta is 1. This would suggest that TransAlta Renewables's stocks are less volatile than average (on this exchange).
Some analysists use "beta" to gauge a stock's volatility. Beta is a popular way to measure a stocks volatility in relation to the market. Here is a breakdown of TransAlta Renewables's beta stock volatility rating.
TransAlta Renewables company and revenue performance
| Market Capitalization | C$3.3 billion |
|---|---|
| Gross profit (TTM) | C$258 million |
| Operating margin (TTM) | 17.94% |
| Profit margin | 15.73% |
| Revenue (TTM) | C$496 million |
| Return on assets (TTM) | 1.71% |
| Return on equity (TTM) | 4.31% |
| Earnings per share (TTM) | C$0.30 |
| 50-day moving stock price average | C$13.04 |
| 200-day moving stock price average | C$12.37 |
TransAlta Renewables company profile
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. operates as a subsidiary of TransAlta Corporation.
Compare trading platforms to buy TransAlta Renewables stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
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Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Do I have to pay tax on gains from TransAlta Renewables stock sales in Canada?
Yes, you'll need to pay taxes in Canada on investment income, which includes any profit from selling TransAlta Renewables stock. The CRA taxes investment income from stocks in Canada based on three main factors:
- Investment income. Investment income includes money earned from interest, dividends or capital gains, which may affect how much you have to pay in taxes on stock sales in Canada.
- Investor type. Your investment income will be taxed differently depending on whether you're a regular investor or a day trader (which means you buy and trade stocks on a daily basis as your primary form of income).
- Tax bracket. The higher your tax bracket, the more you'll pay on income from stock sales. Your tax bracket depends on your gross income (minus deductions).
You can learn more about the tax implications of selling stocks in Canada here.
Frequently asked questions about TransAlta Renewables stock
Sources
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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