TransAlta Stock Price, News & Analysis

TransAlta (TSX: TA) (NYSE: TAC) held its 2025 Annual and Special Meeting of Shareholders with 63.43% representation of outstanding common shares. All eleven director nominees were successfully elected with strong approval rates, most receiving over 98% support. Thomas M. O'Flynn received the lowest approval at 91.13%.

Key meeting outcomes included:

• Appointment of Ernst & Young LLP as 2025 auditors (96.74% approval)
• Approval of executive compensation through say-on-pay vote (98.90% support)
• Continuation of Amended and Restated Shareholder Rights Plan (97.44% in favor)

TransAlta (TSX: TA) (NYSE: TAC) has announced its quarterly dividend declarations for its Cumulative Redeemable Rate Reset First Preferred Shares for the period from March 31, 2025, to June 30, 2025.

The dividend rates and amounts per share for each series are:

• Series A (TA.PR.D): 2.877% at $0.17981
• Series B (TA.PR.E): 4.868% at $0.30342
• Series C (TA.PR.F): 5.854% at $0.36588
• Series D (TA.PR.G): 5.938% at $0.37011
• Series E (TA.PR.H): 6.894% at $0.43088
• Series G (TA.PR.J): 6.773% at $0.42331

All dividends are in Canadian dollars with a record date of June 1, 2025, and payment date of June 30, 2025. Series B and D feature quarterly floating rates that reset each quarter.

TransAlta (TSX: TA) (NYSE: TAC) has announced two upcoming events: its 2025 Annual Meeting of Shareholders and First Quarter 2025 Results Conference Call.

The Annual Meeting will be held on Thursday, April 24, 2025, at 11:30 a.m. Mountain Time in a virtual-only format. The meeting will focus solely on formal business matters without a management presentation.

The First Quarter 2025 results will be released on Wednesday, May 7, 2025, before markets open, followed by a conference call at 9:00 a.m. Mountain Time.

TransAlta, a major power generation company, operates in Canada, the United States, and Australia. The company has achieved significant environmental progress with a 70% reduction in GHG emissions (22.7 million tonnes CO2e) since 2015 and received an upgraded MSCI ESG rating of AA. It is currently one of Canada's largest wind power producers and Alberta's largest producer of thermal generation and hydro-electric power.

TransAlta (TSX: TA) (NYSE: TAC) has announced the implementation of an Automatic Share Purchase Plan (ASPP) to facilitate share repurchases under its existing Normal Course Issuer Bid (NCIB). The NCIB, approved by the Toronto Stock Exchange, allows for the purchase of up to 14,000,000 common shares between May 31, 2024, and May 30, 2025.

Since the NCIB's initiation, TransAlta has already purchased 6,102,300 shares at an average price of $11.89, totaling approximately $72.5 million. The ASPP, effective April 1, 2025, will enable share purchases during periods when the company would typically be restricted due to regulatory or self-imposed blackout periods.

The company believes its share price may not always reflect underlying value and views the buyback as an effective use of available funds. The ASPP will terminate upon reaching maximum purchase limits, by May 8, 2025, or upon company termination.

TransAlta (TSX: TA) (NYSE: TAC) reported strong 2024 financial results and announced an 8% dividend increase to $0.26 per share annually. The company achieved $1,253 million in adjusted EBITDA and $569 million in free cash flow, reaching the upper range of its 2024 guidance.

Key achievements include adding 2.2 GW of generation capacity through three contracted wind facilities and the $542 million acquisition of Heartland Generation. The company returned $214 million to shareholders through dividends and share repurchases at an average price of $10.59 per share.

For 2025, TransAlta expects to generate between $450 and $550 million in free cash flow. The company maintained strong operational performance with 91.2% availability in 2024 and completed several key projects, including the White Rock West and East wind facilities and the Horizon Hill facility.

TransAlta (TSX:TA)(NYSE:TAC) has announced it will release its fourth quarter and full year 2024 results before markets open on Thursday, February 20, 2025. The company will host a conference call and webcast at 9:00 a.m. Mountain Time (11:00 a.m. ET) on the same day to discuss the results.

TransAlta is one of Canada's largest wind power producers and Alberta's largest producer of thermal generation and hydro-electric power. The company has achieved a 66% reduction in GHG emissions (21.3 million tonnes CO2e) since 2015 and received an upgraded MSCI ESG rating of AA. The company operates in Canada, the United States, and Australia, focusing on providing affordable and reliable power to municipalities, industries, businesses, and utility customers.

TransAlta (TSX: TA) (NYSE: TAC) has announced its quarterly dividend declarations. The company will pay a dividend of $0.06 per common share on April 1, 2025, to shareholders of record as of March 1, 2025.

Additionally, TransAlta declared quarterly dividends on its Cumulative Redeemable Rate Reset First Preferred Shares for the period from December 31, 2024, to March 31, 2025. The preferred shares dividends range from $0.17981 to $0.43088 per share, with dividend rates varying between 2.877% and 6.894%. All dividends are expressed in Canadian dollars.

TransAlta has completed the acquisition of Heartland Generation and Alberta Power (2000) from Energy Capital Partners for a total purchase price of $542 million. The net cash payment was $215 million before working capital adjustments, reduced by $95 million to reflect Heartland's economic benefit since October 31, 2023.

To comply with federal Competition Bureau requirements, TransAlta agreed to divest Heartland's Poplar Hill and Rainbow Lake assets post-closing, with proceeds going to ECP. TransAlta is a major Canadian power generation company, being the largest hydroelectric power producer in Alberta and one of Canada's largest wind power producers.

TransAlta has revised its agreement to acquire Heartland Generation from Energy Capital Partners for $542 million, reflecting an $80 million price reduction due to required asset divestitures of Poplar Hill and Rainbow Lake (97 MW net ownership). The transaction includes $232 million of low-cost debt and will add 1,747 MW of net capacity to TransAlta's portfolio. The deal values Heartland's portfolio at $270 per kilowatt with an expected EBITDA multiple of 5.4x. The acquisition is expected to generate $85-90 million in annual EBITDA and $20 million in annual corporate pre-tax synergies. Approximately 60% of revenues are contracted with a 15-year weighted-average remaining life. Closing is expected by December 4, 2024.