TransAlta Corporation (NYSE: TAC) is -12.29% lower on its value in year-to-date trading and has touched a low of $3.63 and a high of $8.50 in the current 52-week trading range. The TAC stock was last observed hovering at around $6.18 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $6.28, the stock is 5.32% and 6.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 1.62% at the moment leaves the stock -0.73% off its SMA200. TAC registered 2.78% gain for a year compared to 6-month loss of -5.85%. The firm has a 50-day simple moving average (SMA 50) of $6.01 and a 200-day simple moving average (SMA200) of $6.26.
The stock witnessed a 4.32% gain in the last 1 month and extending the period to 3 months gives it a 14.60%, and is 4.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 3.00% over the month.
TransAlta Corporation (TAC) has around 1543 employees, a market worth around $1.72B and $1.70B in sales. Current P/E ratio is 16.61. Profit margin for the company is 6.20%. Distance from 52-week low is 73.00% and -26.12% from its 52-week high. The company has generated returns on investments over the last 12 months (5.70%).
TransAlta Corporation (TAC) Analyst Forecasts
TransAlta Corporation quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $506.52M over the same period.The EPS is expected to grow by 121.30% this year, but quarterly earnings will post -1.20% year-over-year. Quarterly sales are estimated to shrink -13.30% in year-over-year returns.
TransAlta Corporation (TAC) Top Institutional Holders
148 institutions hold shares in TransAlta Corporation (TAC), with 703.03k shares held by insiders accounting for 0.25% while institutional investors hold 71.36% of the company’s shares. The shares outstanding are 277.00M, and float is at 275.04M with Short Float at 0.34%. Institutions hold 71.17% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 43.99 million shares valued at $230.53 million. The investor’s holdings represent 15.95% of the TAC Shares outstanding. As of Mar 30, 2020, the second largest holder is Brookfield Asset Management Inc. with 30.39 million shares valued at $159.24 million to account for 11.02% of the shares outstanding. The other top investors are Bank of Montreal/Can/ which holds 13.85 million shares representing 5.02% and valued at over $72.57 million, while CIBC Asset Management Inc. holds 4.29% of the shares totaling 11.83 million with a market value of $62.01 million.
TransAlta Corporation (TAC): Who are the competitors?
The company’s main competitors (and peers) include Suncor Energy Inc. (SU) that is -45.18% lower over the past 12 months. Short interest in the company’s stock has risen 64.52% from the last report on May 28, 2020 to stand at a total of 0.42 million short shares sold with a short interest ratio of 4.39.