TransAlta (NYSE:TAC) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Posted by Brian Himes on Jul 1st, 2026

TransAlta Corporation (NYSE:TAC – Get Free Report) (TSE:TA)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.06 and traded as high as $13.88. TransAlta shares last traded at $13.6150, with a volume of 1,887,648 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TAC shares. Scotiabank raised TransAlta to a “strong-buy” rating in a research report on Wednesday, June 10th. National Bank Financial upgraded TransAlta from a “sector perform” rating to an “outperform” rating in a report on Tuesday, March 24th. TD Cowen started coverage on TransAlta in a research report on Wednesday, June 10th. They set a “buy” rating on the stock. TD Securities restated a “buy” rating on shares of TransAlta in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of TransAlta in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Check Out Our Latest Report on TransAlta

TransAlta Trading Down 1.6%

The business’s 50-day simple moving average is $13.17 and its two-hundred day simple moving average is $13.06. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 6.61. The company has a market capitalization of $4.30 billion, a PE ratio of -25.21 and a beta of 0.69.

TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. TransAlta had a positive return on equity of 9.52% and a negative net margin of 9.46%.The business had revenue of $406.19 million for the quarter, compared to analysts’ expectations of $436.36 million. On average, analysts predict that TransAlta Corporation will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of TransAlta in the 4th quarter worth about $37,000. EverSource Wealth Advisors LLC grew its stake in TransAlta by 37.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 812 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in TransAlta in the fourth quarter valued at about $50,000. Warren Street Wealth Advisors LLC bought a new stake in TransAlta in the fourth quarter valued at about $129,000. Finally, Ritter Alpha LP bought a new stake in TransAlta in the fourth quarter valued at about $131,000. 59.00% of the stock is currently owned by institutional investors.

TransAlta Company Profile

(Get Free Report)

TransAlta Corporation, originally founded in 1909 as Calgary Power Company Ltd., is a publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets. Headquartered in Calgary, Alberta, TransAlta has grown from its early hydroelectric roots into a diversified energy provider with a multi-fuel generating fleet.

The company’s core business activities encompass power generation, asset management and energy trading services.