Last C$10.25 CAD
Change Today +0.045 / 0.44%
Volume 2.5M
TA On Other Exchanges
Symbol
Exchange
TA is not on other exchanges.
As of 2:13 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

transalta corp (TA) Snapshot

Open
C$10.29
Previous Close
C$10.21
Day High
C$10.43
Day Low
C$10.16
52 Week High
02/14/14 - C$14.97
52 Week Low
12/15/14 - C$9.62
Market Cap
2.8B
Average Volume 10 Days
2.3M
EPS TTM
C$-0.28
Shares Outstanding
275.1M
EX-Date
11/27/14
P/E TM
--
Dividend
C$0.72
Dividend Yield
7.02%
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. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Financial Guidance for the Year 2014

TransAlta Corp. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total comparable EBITDA was CAD 212 million compared with CAD 266 million a year ago. The decrease was due to lower prices in Alberta which impacted its assets in the province and lower Trading margins, partially offset by improved operational performance at Canadian Coal. FFO was CAD 145 million compared with CAD 174 million a year ago. The decrease in FFO is primarily due to lower comparable EBITDA. Comparable net loss attributable to common shareholders was CAD 13 million or CAD 0.05 per share compared with net income of CAD 39 million or CAD 0.15 per share a year ago. The per share decrease was driven by lower comparable EBITDA, net of taxes, and higher non-controlling interests. Reported net loss attributable to common shareholders was CAD 6 million or CAD 0.03 per basic and diluted share compared with CAD 9 million or CAD 0.03 per basic and diluted share a year ago. Funds from Operations were CAD 145 million or CAD 0.53 per share compared with CAD 174 million or CAD 0.65 per share a year ago. Cash flow from operating activities was CAD 216 million compared with CAD 253 million a year ago. For the nine months, the company's total comparable EBITDA was CAD 735 million compared with CAD 781 million a year ago. FFO was CAD 537 million compared with CAD 551 million a year ago. Comparable net earnings attributable to common shareholders was CAD 22 million or CAD 0.08 per share compared with CAD 80 million or CAD 0.31 per share a year ago. Total sustaining capital expenditures are CAD 255 million in the year-to-date. Reported net loss attributable to common shareholders was CAD 7 million or CAD 0.03 per basic and diluted share compared with CAD 5 million or CAD 0.02 per basic and diluted share a year ago. Funds from Operations were CAD 537 million or CAD 1.97 per share compared with CAD 551 million or CAD 2.10 per share a year ago. Cash flow from operating activities was CAD 546 million compared with CAD 601 million a year ago. The company reduced its net debt by CAD 500 million since the beginning of the year, and it is now at CAD 3.8 billion. The company is on track to be within its 2014 target range of CAD 335 million - CAD 365 million. The company is adjusting its FFO guidance to CAD 735 million to CAD 755 million for the year. Revised expected comparable EBITDA for 2014 is between CAD 1,005 million and CAD 1,025 million. The company also expects its CapEx to be in the same range as 2014 in the range of CAD 335 million to CAD 365 million.

TransAlta Mulls Acquisitions

TransAlta Corp. (TSX:TA) is seeking acquisitions. Donald Tremblay, Chief Financial Officer, said, "We also have additional capital requirement over the next years as we build out our up growing platforms and continue to explore acquisitions that could increase EBITDA in 2015 and 2016."

TransAlta Corp. Declares Quarterly Dividend on Common Shares and Preferred Shares, Payable on January 1, 2015 and December 31, 2014 Respectively

The board of directors of TransAlta Corp. declared a quarterly dividend of $0.18 per share on common shares, payable on January 1, 2015 to shareholders of record at the close of business December 1, 2014. The board of directors of the company also declared a quarterly dividend of $0.2875 per share on issued and outstanding cumulative redeemable rate reset first preferred shares, Series A, $0.2875 per share on issued and outstanding cumulative redeemable rate reset first preferred shares, Series C and $0.3125 per share on issued and outstanding cumulative redeemable rate reset first preferred shares, Series E, payable on December 31, 2014 to shareholders of record at the close of business December 1, 2014. The Board of Directors of the company also declared an initial dividend for the period commencing August 15, 2014 to December 31, 2014 in the amount of $0.501 per share on its issued and outstanding cumulative redeemable rate reset first preferred shares, Series G, payable on December 31, 2014 to shareholders of record at the close of business December 1, 2014.

 

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TA Competitors

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Industry Analysis

TA

Industry Average

Valuation TA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.2x
Price/Cash Flow 5.7x
TEV/Sales NM Not Meaningful
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