Last C$12.52 CAD
Change Today -0.04 / -0.32%
Volume 2.0M
TA On Other Exchanges
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As of 4:17 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

transalta corp (TA) Snapshot

Open
C$12.50
Previous Close
C$12.56
Day High
C$12.55
Day Low
C$12.32
52 Week High
02/14/14 - C$14.97
52 Week Low
07/31/14 - C$12.32
Market Cap
3.4B
Average Volume 10 Days
1.4M
EPS TTM
C$-0.17
Shares Outstanding
271.8M
EX-Date
08/27/14
P/E TM
--
Dividend
C$0.72
Dividend Yield
7.51%
Current Stock Chart for TRANSALTA CORP (TA)

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transalta corp (TA) Details

TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company is involved in the generation and wholesale trade of electricity and other energy-related commodities and derivatives. It owns, operates, and manages a portfolio of assets and utilize a range of generation fuels, including coal, natural gas, hydro, wind, and geothermal. It has a net ownership interest of 8,964 megawatts of generating capacity in operation. TransAlta Corporation has a strategic partnership with MidAmerican Energy Holdings Company to develop, build, and operate new natural gas-fired electricity generation projects in Canada. The company was founded in 1909 and is headquartered in Calgary, Canada.

2,772 Employees
Last Reported Date: 02/20/14
Founded in 1909

transalta corp (TA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$950.0K
Executive Vice President of Operations
Total Annual Compensation: C$356.3K
President of U. S. Operations and Executive V...
Total Annual Compensation: C$466.1K
Chief Investment Officer
Total Annual Compensation: C$500.0K
Chief Legal & Compliance Officer
Total Annual Compensation: C$475.0K
Compensation as of Fiscal Year 2013.

transalta corp (TA) Key Developments

TransAlta Corp. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Financial Guidance for the Year 2014

TransAlta Corp. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of CAD 491 million against CAD 542 million a year ago. Comparable EBITDA was CAD 213 million against CAD 247 million for the same period last year. Reported net loss attributable to common shareholders was CAD 50 million against reported net earnings attributable to common shareholders of CAD 15 million a year ago. Comparable net loss attributable to common shareholders was CAD 12 million against comparable net earnings attributable to common shareholders of CAD 9 million a year ago. Funds from operations were CAD 154 million against CAD 184 million for the same period last year. Cash flow from operating activities was CAD 51 million against CAD 92 million for the same period last year. Basic and diluted loss per common share was CAD 0.18 against basic and diluted earnings per share was CAD 0.06 a year ago. Comparable net loss per share was CAD 0.04 against comparable net earnings per share was CAD 0.03 a year ago. Funds from operations per share were CAD 0.57 against CAD 0.70 a year ago. The per share loss was driven by lower comparable EBITDA. For the six months, the company reported revenue of CAD 1,266 million against CAD 1,082 million a year ago. Comparable EBITDA was CAD 523 million against CAD 515 million for the same period last year. Reported net loss attributable to common shareholders was CAD 1 million against reported net earnings attributable to common shareholders of CAD 4 million a year ago. Comparable net earnings attributable to common shareholders were CAD 35 million against CAD 41 million a year ago. Funds from operations were CAD 392 million against CAD 377 million for the same period last year. Cash flow from operating activities was CAD 330 million against CAD 348 million for the same period last year. Comparable net earnings per share were CAD 0.13 against CAD 0.16 a year ago. Funds from operations per share were CAD 1.45 against CAD 1.45 a year ago. For the quarter, the company reported production of 9,283 GWh against 8,110 GWh a year ago. For the six months, the company reported production of 21,350 GWh against 18,754 GWh a year ago. For the full year, the company expects EBITDA of CAD 1,015 million to CAD 1,065 million.

TransAlta Corp. to Build Efficient Power Station in Western Australia

TransAlta Corp. has agreed to build, own and operate a 150 MW combined cycle gas power station in South Hedland, Western Australia to supply power to Horizon Power, a state owned utility, and to The Pilbara Infrastructure Pty Ltd. The project is estimated to cost approximately AUD 570 million which includes the cost of acquiring existing equipment from Horizon Power. The project will be built on an existing site at Boodarie Industrial Estate and will be one of the most efficient power stations in the region. The development has been fully contracted under 25-year power purchase agreements (PPAs) with Horizon Power and Fortescue, and may be expanded to accommodate additional customers at later dates. The station will supply Horizon Power's customers in the Pilbara region as well as Fortescue's port operations. The combined cycle gas power station is expected to be commissioned in 2017, creating approximately 250 jobs during construction and 20 jobs when in full operation.

TransAlta Corporation Declares Quarterly Dividend and Preferred Shares, Payable on October 1, 2014 and September 30, 2014, Respectively

The Board of Directors of TransAlta Corporation declared a quarterly dividend of $0.18 per share on common shares payable on October 1, 2014 to shareholders of record at the close of business August 29, 2014. The Board of Directors of TransAlta Corporation also declared a quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A, payable on September 30, 2014 to shareholders of record at the close of business August 29, 2014. The Board of Directors of TransAlta Corporation also declared a quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C, payable on September 30, 2014 to shareholders of record at the close of business August 29, 2014. The Board of Directors of TransAlta Corporation also declared a quarterly dividend of $0.3125 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series E, payable on September 30, 2014 to shareholders of record at the close of business August 29, 2014.

 

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Industry Analysis

TA

Industry Average

Valuation TA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 1.6x
Price/Cash Flow 7.5x
TEV/Sales NM Not Meaningful
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