Welcome to our dedicated page for TransAlta Corporation news (Ticker: $TAC), a resource for investors and traders seeking the latest updates and insights on TransAlta Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TransAlta Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TransAlta Corporation's position in the market.
Rhea-AI Summary
TransAlta Corporation (TransAlta) (TSX: TA) (NYSE: TAC) has entered into an automatic share purchase plan (ASPP) to facilitate repurchases of its common shares under the previously announced normal course issuer bid (NCIB). The company has purchased 6,989,000 common shares since January 1, 2023, and 871,100 common shares since the beginning of the current NCIB on May 31, 2023. The prevailing price for the common shares may not reflect their underlying value, leading the company to believe that the purchase of common shares under the NCIB is an attractive and appropriate use of available funds. The ASPP will allow for purchases of common shares to be made at times when the company would ordinarily not be permitted to make purchases, enhancing shareholder returns through appropriate capital allocation such as a share buyback and quarterly dividend underpinned by the company's strong free cash flow position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
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Rhea-AI Summary
TransAlta Corporation (TSX: TA) (NYSE: TAC) declares quarterly dividends on its Cumulative Redeemable Rate Reset First Preferred Shares for the period from December 31, 2023, to March 31, 2024. The dividend rates range from 2.877% to 8.142%, with dividend per share varying from $0.17981 to $0.50609. Record date is March 1, 2024, and payment date is March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
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TransAlta Corporation (TA) and BHP Group Limited (BHP) announced the successful commercial operation of the 48 MW Northern Goldfields solar and battery storage facility, supplying reliable electricity to BHP's remote nickel mining operations in Western Australia. The project is expected to reduce emissions by 12% at BHP Nickel West's operations, with long-term contracted cash flows and a contract life of 16 years. The facility created over 100 jobs during construction and will continue to support ongoing employment opportunities during operations.
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TransAlta Corporation (TA, TAC) has announced an updated strategic growth plan to 2028, aiming to deliver up to 1.75 GW of new capacity with a $3.5 billion investment. The company will focus on customer-centered renewables and storage, expanding its development pipeline to reach 10 GW by 2028. Additionally, the Board of Directors has approved a 9% increase in the common share dividend, and a joint development agreement with Hancock Prospecting has been announced. The 2024 financial outlook includes an adjusted EBITDA outlook in the range of $1.15 billion to $1.3 billion and Free Cash Flow of $450 to $600 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.18%
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TransAlta Corporation reported a significant improvement in financial performance for the third quarter of 2023, with earnings before income taxes of $453 million and net earnings of $372 million. The company also achieved commercial operations at the Garden Plain wind facility and topped Newsweek's Most Trustworthy Companies list for 2023. TransAlta is set to acquire Heartland Generation and has completed the acquisition of TransAlta Renewables, simplifying its structure and enhancing its strategic position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
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TransAlta Corporation (TSX: TA) (NYSE: TAC) has entered into a definitive share purchase agreement to acquire Heartland Generation Ltd. and Alberta Power (2000) Ltd. for $390 million. The transaction is expected to close in the first half of 2024. The acquisition will add 1,844 MW of flexible capacity and enhance TransAlta's competitive positioning in Alberta's energy-only market. The assets have a weighted-average remaining contract life of 16 years and are expected to generate approximately $115 million of average annual EBITDA including synergies. The acquisition is highly accretive to free cash flow and cash yield, with corporate pre-tax synergies expected to exceed $20 million annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.13%
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TransAlta Corporation (TSX: TA) (NYSE: TAC) has declared a quarterly dividend of $0.055 per common share payable on January 1, 2024. The company has also declared quarterly dividends for its Cumulative Redeemable Rate Reset First Preferred Shares, with rates ranging from 2.877% to 8.257% and dividend per share ranging from $0.17981 to $0.52030. Dividend payments will be made on December 31, 2023. Please note that the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter. All currency is expressed in Canadian dollars except where noted.
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Rhea-AI Sentiment
End-of-Day
2.86%
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TransAlta Corporation to hold Investor Day in Toronto on November 21, 2023
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0.51%
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TransAlta Corporation to release Q3 2023 results on November 7, 2023
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-4.77%
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TransAlta completes acquisition of TransAlta Renewables
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Rhea-AI Sentiment
End-of-Day
7.33%
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TransAlta Corporation
NYSE:TAC
TAC Rankings
TAC Stock Data
2.08B
294.46M
0.2%
67.98%
1.03%
Hydroelectric Power Generation
Utilities
United States of America
Calgary
About TAC
at transalta we’re about communities and we’re growing: a new pipeline in australia, new operations in alberta and new transmission projects. this means lots of opportunity for you to grow with us in the communities where we operate. our wind, coal, hydro and gas operations allow transalta to provide millions of people with the electricity they need to power their lives. these diverse fuel sources create a unique portfolio that gives you many opportunities to develop your skills. with over 2000 employees in three countries working with four different types of fuel sources in nearly 70 facilities, there are lots of opportunities for growth with our diverse fuel portfolio. - 92 percent of new grads move on to permanent positions at transalta - 1250 of current transalta employees love it here so much they’ve stayed for over 5 years - 98 per cent of new employees would recommend transalta to a friend or family member transalta careers: jobs.transalta.com view our linkedin par