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Last C$7.00 CAD
Change Today +0.35 / 5.26%
Volume 2.7M
TA On Other Exchanges
Symbol
Exchange
Toronto
New York
Frankfurt
As of 4:00 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

transalta corp (TA) Snapshot

Open
C$6.70
Previous Close
C$6.65
Day High
C$7.03
Day Low
C$6.62
52 Week High
08/28/14 - C$12.69
52 Week Low
08/24/15 - C$6.20
Market Cap
2.0B
Average Volume 10 Days
2.2M
EPS TTM
C$-0.33
Shares Outstanding
278.7M
EX-Date
08/28/15
P/E TM
--
Dividend
C$0.72
Dividend Yield
10.29%
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’s Generation segment owns and operates hydro, wind, and natural gas- and coal-fired facilities. Its Energy Marketing segment is involved in the wholesale trading of electricity, and other energy-related commodities and derivatives. The company has an aggregate net ownership interest of approximately 8,184 megawatts of generating capacity. It has a strategic partnership with MidAmerican Energy Holdings Company to develop, build, and operate natural gas-fired electricity generation projects in Canada. The company was founded in 1909 and is headquartered in Calgary, Canada.

2,786 Employees
Last Reported Date: 02/19/15
Founded in 1909

transalta corp (TA) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$950.0K
Chief Financial Officer
Total Annual Compensation: C$339.2K
Executive Vice-President of Gas, Renewables &...
Total Annual Compensation: C$300.0K
Chief Investment Officer
Total Annual Compensation: C$500.0K
Chief Legal & Compliance Officer
Total Annual Compensation: C$475.0K
Compensation as of Fiscal Year 2014.

transalta corp (TA) Key Developments

David Gray Launches Class-Action Lawsuit against Transalta

An Alberta electricity consultant has launched a class-action suit against TransAlta. David Gray is an electricity consultant in Edmonton who is organizing the court action. He's also a former director of Alberta's Utilities Commission, which released a report earlier this week that concluded TransAlta deliberately timed power outages at power plants at peak times in order to drive up electricity prices.

TransAlta Corp. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015

TransAlta Corp. announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. Comparable EBITDA for the quarter was CAD 183 million down from CAD 213 million in the same period last year. Comparable FFO for the quarter was CAD 160 million or CAD 0.57 per share against CAD 154 million or CAD 0.57 per share reported in the same period in 2014. During the quarter, comparable net loss attributable to common shareholders was CAD 44 million or CAD 0.16 net loss per share, down from a net loss of CAD 12 million or CAD 0.04 net loss per share during the same period last year. The decrease was a result of lower comparable EBITDA. Reported net loss attributable to common shareholders was CAD 131 million for the quarter or CAD 0.47 net loss per share compared to a net loss of CAD 50 million or CAD 0.18 net loss per share for the same period in 2014. Revenue was CAD 438 million against CAD 491 million reported last year. For the six months, the company reported comparable EBITDA of CAD 458 million compared to CAD 523 million reported in the same period last year. Comparable FFO was CAD 371 million or CAD 1.33 per share against CAD 392 million or CAD 1.45 per share reported last year. Reported net loss attributable to common shareholders was CAD 124 million or CAD 0.45 net loss per share compared to a net loss of CAD 1 million reported last year. Comparable net loss attributable to common shareholders was CAD 18 million or CAD 0.06 net loss per share compared to a comparable net earnings attributable to common shareholders of CAD 35 million or CAD 0.13 net loss per share reported last year. Revenue was CAD 1,031 million against CAD 1,266 million reported last year. For the quarter, the company also reported production of 8,820 GWh compared to 9,283 GWh produced in the same period last year. For the six months, the company also reported production of 18,720 GWh compared to 21,350 GWh produced in the same period last year.

The Alberta Utilities Commission Finds TransAlta Manipulated Power Markets

Alberta's utility regulator found that TransAlta Corp. timed shutdowns of generating units to game the province's power market, but dismissed allegations of impropriety by a pair of the company's trading employees. The Alberta Utilities Commission, or AUC, found that between Nov. 19, 2010, and Feb. 16, 2011, TransAlta timed outages at coal-fired generators under power purchase agreements on the basis of market conditions. The July 27 decision exonerated then-employees Nathan Kaiser and Scott Connelly while upholding unfair trading accusations against the company. Each infraction carries a maximum fine of as much as CAD 1 million, and TransAlta could be ordered to return the money it made to consumers and competitors.

 

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TA Competitors

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Industry Analysis

TA

Industry Average

Valuation TA Industry Range
Price/Earnings 96.0x
Price/Sales 0.7x
Price/Book 0.8x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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