Should I buy or sell TransAlta Renewables stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last year. There are currently 7 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RNW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNW, but not buy additional shares or sell existing shares. View RNW analyst ratings or view top-rated stocks .

What is TransAlta Renewables' stock price target for 2024?

7 Wall Street research analysts have issued 12 month target prices for TransAlta Renewables' shares. Their RNW share price targets range from C$12.50 to C$13.50. On average, they anticipate the company's share price to reach C$12.98 in the next year. View analysts price targets for RNW or view top-rated stocks among Wall Street analysts .

How often does TransAlta Renewables pay dividends? What is the dividend yield for TransAlta Renewables?

TransAlta Renewables announced a monthly dividend on Thursday, September 14th. Shareholders of record on Friday, September 29th will be given a dividend of 0.0783 per share on Friday, September 29th. This represents a $0.94 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, September 14th. Read our dividend analysis for RNW .

Is TransAlta Renewables a good dividend stock?

TransAlta Renewables (TSE:RNW) pays an annual dividend of C$0.94 per share and currently has a dividend yield of 7.53%. RNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 313.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for RNW .

What other stocks do shareholders of TransAlta Renewables own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta Renewables investors own include Enbridge (ENB) , Bank of Nova Scotia (BNS) , Pembina Pipeline (PPL) , Inter Pipeline (IPL) , BCE (BCE) , Manulife Financial (MFC) , Algonquin Power & Utilities (AQN) , Toronto-Dominion Bank (TD) , ARC Resources (ARX) and Royal Bank of Canada (RY) .

How do I buy shares of TransAlta Renewables?

Shares of RNW stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:RNW

TransAlta Renewables (RNW) Stock Price, News & Analysis

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Today's Range: N/A
50-Day Range: C$11.88
▼
C$12.88
52-Week Range: N/A

Volume: 880,836 shs
Average Volume: 582,037 shs
Market Capitalization: C$3.33 billion

P/E Ratio: 41.60
Dividend Yield: 7.53%
Price Target: C$12.98

Stock Analysis Analyst Forecasts Dividend Earnings Headlines

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TransAlta Renewables MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: ∞ Upside
C$12.98 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.64 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
TransAlta Renewables has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
TransAlta Renewables has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for RNW.

1.7

Dividend Strength

Dividend Leadership
TransAlta Renewables is a leading dividend payer. It pays a dividend yield of 7.53%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TransAlta Renewables does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TransAlta Renewables is 313.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RNW.

0.6

News and Social Media Coverage

Search Interest
4 people have searched for RNW on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta Renewables insiders have not sold or bought any company stock.
Percentage Held by Insiders
60.12% of the stock of TransAlta Renewables is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 9.48% of the stock of TransAlta Renewables is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta Renewables is 41.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta Renewables is 41.60, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 78.09.
Price to Earnings Growth Ratio
TransAlta Renewables has a PEG Ratio of 2.71. PEG Ratios above 1 indicate that a company could be overvalued.

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About TransAlta Renewables Stock (TSE:RNW)

TransAlta Renewables Inc. owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. Its portfolio of assets comprises 50 renewable power generation facilities, including wind, hydro, and gas. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. operates as a subsidiary of TransAlta Corporation.

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RNW Stock News Headlines

April 9, 2024 | americanbankingnews.com

TransAlta Renewables (TSE:RNW) Shares Pass Above 50 Day Moving Average of $12.48

April 6, 2024 | morningstar.com

SolarBank Corp SUNN

April 19, 2024 | Darwin (Ad)

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November 7, 2023 | finanznachrichten.de

TransAlta Corporation: TransAlta Reports Third Quarter 2023 Results

November 7, 2023 | markets.businessinsider.com

TransAlta Reports Third Quarter 2023 Results

September 26, 2023 | msn.com

TransAlta Renewables (TSE:RNW) Agrees to be Acquired by TransAlta Corporation (TSE:TA)

September 20, 2023 | theglobeandmail.com

Closing Bell: Transalta Renewables Inc flat on Tuesday (RNW)

September 8, 2023 | investing.com

TransAlta Renewables Inc. (RNW)

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August 30, 2023 | markets.businessinsider.com

TransAlta Renewable (RNW) Gets a Hold Rating from RBC Capital

August 29, 2023 | msn.com

This 7.11% Dividend Stock Pays Cash Every Month

August 28, 2023 | theglobeandmail.com

Closing Bell: Transalta Renewables Inc up on Monday (RNW)

August 23, 2023 | msn.com

Pssst: Are Your High-Yield Dividend Stocks Actually Safe?

July 22, 2023 | finance.yahoo.com

RNW.TO - TransAlta Renewables Inc.

July 17, 2023 | theglobeandmail.com

Closing Bell: Transalta Renewables Inc flat on Monday (RNW)

July 15, 2023 | theglobeandmail.com

TransAlta Renewables: Stocks Overvalued by Analyst Consensus on TSX (RNW)

July 14, 2023 | theglobeandmail.com

Closing Bell: Transalta Renewables Inc down on Friday (RNW)

July 11, 2023 | msn.com

The TransAlta Merger: Thoughts And A Potential Double-Digit Yield Play

July 11, 2023 | marketwatch.com

TransAlta Renewables Shares Rise on Acquisition by TransAlta

July 11, 2023 | ca.finance.yahoo.com

TransAlta signs deal to consolidate ownership of TransAlta Renewables

July 11, 2023 | markets.businessinsider.com

TransAlta To Buy TransAlta Renewables For $1.384 Bln

July 11, 2023 | finance.yahoo.com

TransAlta Corporation to Acquire TransAlta Renewables Inc. to Simplify Structure and Enhance Strategic Position

July 11, 2023 | finance.yahoo.com

UPDATE 1-TransAlta to buy TransAlta Renewables for $1 bln

July 10, 2023 | ca.finance.yahoo.com

How Much to Invest for $2,000 in Monthly Passive Income

June 30, 2023 | ca.finance.yahoo.com

This Energy Stock Pays You Monthly and Currently Yields 8.4%

June 25, 2023 | msn.com

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June 20, 2023 | msn.com

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Utilities
Industry: Utilities - Renewable
Sub-Industry: N/A
Current Symbol: TSE:RNW
CUSIP: N/A
CIK: N/A
Web: www.transalta.com
Phone: +1-403-2677110
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$12.98
High Stock Price Target: C$13.50
Low Stock Price Target: C$12.50
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.30
Trailing P/E Ratio: 41.60
Forward P/E Ratio: N/A
P/E Growth: 2.71
Net Income: C$78 million
Net Margins: 15.73%
Pretax Margin: N/A
Return on Equity: 4.30%
Return on Assets: 1.71%

Debt

Debt-to-Equity Ratio: 48.12
Current Ratio: 0.87
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: C$496 million
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 16.72
Book Value: C$6.19 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 266,900,000
Free Float: N/A
Market Cap: C$3.33 billion
Optionable: Not Optionable
Beta: 0.74

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Key Executives

Mr. Todd John Stack (Age 56)
Pres & Non-Independent Director
Comp: $534.35k
Mr. Brent V. Ward
Chief Financial Officer
Mr. Aron John Willis (Age 48)
Exec. Vice-Pres of Growth
Comp: $402.49k
Mr. Scott T. Jeffers
VP & Corp. Sec.
Ms. Sally Taylor
Mang. of Investor Relations
Ms. Michelle Cameron
VP & Corp. Controller
Chad Macy
Sr. Environmental Advisor

Key Competitors

View All Competitors

RNW Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta Renewables stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta Renewables in the last year. There are currently 7 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RNW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RNW, but not buy additional shares or sell existing shares.
View RNW analyst ratings or view top-rated stocks.
What is TransAlta Renewables' stock price target for 2024?: 7 Wall Street research analysts have issued 12 month target prices for TransAlta Renewables' shares. Their RNW share price targets range from C$12.50 to C$13.50. On average, they anticipate the company's share price to reach C$12.98 in the next year.
View analysts price targets for RNW or view top-rated stocks among Wall Street analysts.
How often does TransAlta Renewables pay dividends? What is the dividend yield for TransAlta Renewables?: TransAlta Renewables announced a monthly dividend on Thursday, September 14th. Shareholders of record on Friday, September 29th will be given a dividend of 0.0783 per share on Friday, September 29th. This represents a $0.94 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for RNW.
Is TransAlta Renewables a good dividend stock?: TransAlta Renewables (TSE:RNW) pays an annual dividend of C$0.94 per share and currently has a dividend yield of 7.53%. RNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 313.33%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for RNW.

What other stocks do shareholders of TransAlta Renewables own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta Renewables investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), Inter Pipeline (IPL), BCE (BCE), Manulife Financial (MFC), Algonquin Power & Utilities (AQN), Toronto-Dominion Bank (TD), ARC Resources (ARX) and Royal Bank of Canada (RY).
How do I buy shares of TransAlta Renewables?: Shares of RNW stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:RNW) was last updated on 4/19/2024 by MarketBeat.com Staff

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TransAlta Renewables (RNW) Stock Price, News & Analysis