Guide to buying TransAlta Renewables stock 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.

At its last market close, TransAlta Renewables stock price was C$0.00. 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 Questrade

All amounts in this table are in CAD.

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 Questrade and Wealthsimple will allow you to directly buy TransAlta Renewables stock from within Canada.

Dive deeper: Detailed guide on how to buy stocks in Canada

Our top picks for where to buy TransAlta Renewables stock

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 Questrade or Wealthsimple.

Dive deeper: Our picks for the best stocks to buy right now in Canada

TransAlta Renewables stock dividends

TransAlta Renewables dividend payout ratio: 85% of net profits

Indicated dividend yield: 7.53%

Recently TransAlta Renewables has paid out, on average, around 85% of net profits as dividends.

Analysts 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 not a guarantee of future payouts), TransAlta Renewables shareholders could enjoy a 7.53% return on their shares in the form of dividend payments.

Over the last 12 months, TransAlta Renewables has paid about C$0.94 per share in dividends.

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 to shareholders who bought before September 14, 2023.

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.

• TransAlta Renewables's P/E ratio

  TransAlta Renewables's current share price divided by its per-share earnings (EPS) over the past 12 months gives a trailing price/earnings (P/E) ratio of roughly 42x.

• TransAlta Renewables's PEG ratio

  TransAlta Renewables's price/earnings-to-growth (PEG) ratio comes out to about 3.5.

  The PEG ratio provides a broader view than the P/E ratio alone, as it factors in TransAlta Renewables's expected earnings growth.

• TransAlta Renewables's EBITDA

  TransAlta Renewables's EBITDA (earnings before interest, taxes, depreciation and amortization) is C$231 million.

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 The total market value of TransAlta Renewables's outstanding shares	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 The average share price over the last 50 days	C$13.04
200-day moving stock price average The average share price over the last 200 days	C$12.37

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on .

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.

• Common company-related questions about TransAlta Renewables

  What percentage of TransAlta Renewables is owned by insiders or institutions?
  Currently 60.122% of TransAlta Renewables stocks are held by insiders and 9.485% by institutions.

  How many people work for TransAlta Renewables?
  Latest data suggests 1,476 work at TransAlta Renewables.

  When does the fiscal year end for TransAlta Renewables?
  TransAlta Renewables's fiscal year ends in December.

  Where is TransAlta Renewables based?
  TransAlta Renewables's address is: 110 - 12th Avenue SW, Calgary, AB, Canada, T2P 2M1

  What is TransAlta Renewables's ISIN number?
  TransAlta Renewables's international securities identification number is: CA8934631091

  What is TransAlta Renewables's CUSIP number?
  TransAlta Renewables's Committee on Uniform Securities Identification Procedures number is: 893463109

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.

Related: Compare the best stock trading platforms in Canada

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:

1. 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.
2. 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).
3. 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

• Can I buy TransAlta Renewables stock directly as a Canadian investor?

  Yes, Canadian investors can buy TransAlta Renewables stock directly through various online brokerage platforms available in Canada. You can compare trading platform options and fees for buying TransAlta Renewables stock in our table here.

• Can Canadians buy American stocks?

  Yes, Canadians can buy American stocks through Canadian trading platforms that give access to American stock exchanges such as the NYSE and Nasdaq. The good news is that most Canadian brokerage platforms, like Questrade, Interactive Brokers, Moomoo and Wealthsimple, give access to US exchanges. Read our full guide on how to buy US stocks in Canada to learn more.

• Can I buy fractional shares of TransAlta Renewables stock?

  Yes, it may be possible to buy fractional shares of TransAlta Renewables stock depending on the trading platform you're signed up with. Fractional shares can allow you to invest in TransAlta Renewables stock even when you can't afford its full share price. You can read our full guide to how fractional shares work to learn more.

  The table below shows trading apps in Canada that offer fractional shares:

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