TransAlta (TAC)
Generates and markets power across Canada, the United States, and Western Australia.
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Operates hydro, wind and solar, gas, and energy-transition assets alongside energy marketing. Its fleet spans Canada, the United States, and Western Australia after the reunification of its renewables affiliate.
Operates four generation businesses—Hydro, Wind and Solar, Gas, and Energy Transition—alongside Energy Marketing. The fleet supplies and markets power across Canada, the United States, and Western Australia.
Its renewable operations sit alongside gas-fired facilities, rather than forming a stand-alone renewable utility within the parent company. TransAlta reunited its separately listed renewables affiliate in 2023, bringing it back under the parent company.
Alberta's mandated coal retirement drove conversions of the company's thermal facilities to gas. Operations remain shaped by federal and provincial conversion policy, carbon-price rules, gas supply, pipeline construction, and Alberta capacity-market developments.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 9, 2026 | BMO Capital | Target | Target: — | Target: $25 |
| Jul 18, 2025 | Scotiabank | Upgrade | ||
| Feb 18, 2025 | CIBC | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $214.7M · Total debt $3.01B · Total assets $6.29B · Shareholders' equity $1.27B
- Revenue
- $346.3M
- Operating income
- $101.7M
- Net income
- $34.8M
Reported in CAD, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 79.67% | 237.81M ADS | |
|---|---|---|---|
| 196 holders · as of Jun 30, 2026 | |||
| Strategic holders | 4.74% | 14.16M ADS | |
| 1 holder · as of May 3, 2022 | |||
| Other | 15.59% | 46.55M ADS | |
| remainder | |||
298.51M ADS as of Sep 20, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
RBC Global Asset Management Inc. (“RBC GAM”)Institution | 13.02% | 38.88M | filed Feb 14, 2022 |
Royal Bank of CanadaInstitution | 9.45% | 28.20M ADS | as of Jun 30, 2026 |
Brookfield Corp /ON/Institution | 9.03% | 26.96M ADS | as of Jun 30, 2026 |
Bank of Montreal /Can/Institution | 7.33% | 21.88M ADS | as of Jun 30, 2026 |
Rubric Capital Management LPInstitution | 6.78% | 20.23M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Brookfield Renewable
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- NextEra Energy
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- Vistra
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TransAlta | $11.93 | −0.08% | $3.67B | — | 44.7 | 2.3 | +7.9% |
| Brookfield Renewable | $30.00 | 0.00% | $4.42B | — | — | 1.1 | +79.6% |
| NextEra Energy | $79.35 | +0.11% | $166.11B | 17.9 | 19.5 | 5.7 | +12.5% |
| Vistra | $141.00 | +0.40% | $47.47B | 23.7 | 14.9 | 3.0 | −5.5% |
| Median | 20.8 | 17.2 | 3.0 | +12.5% |