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TransAlta Investor Day: Clear Targets And Good Outlook, Though Valuations Are Mixed

Philip MacKellar profile picture
Philip MacKellar


  • TransAlta’s latest results were strong, and earnings guidance for the remainder of the year was increased.
  • The utility held its latest investor day and released its multi-year outlook in September 2021.
  • The event started with an 11% dividend raise.
  • The investor day also outlined clear targets through 2025, which will see TransAlta phase out coal and grow renewables.
  • Despite a good outlook, the valuations are mixed and we currently consider the name a hold.

Alberta Canada countryside

Don White/E+ via Getty Images


TransAlta (NYSE:TAC) is an electrical utility with assets in Canada, the United States, and Australia. The company’s portfolio is comprised of coal, natural gas, hydro, wind, and other renewables. In addition to trading on the NYSE, it is listed on the

This article was written by

Philip MacKellar profile picture
Philip MacKellar is an analyst, portfolio manager, and investor at Contra the Heard Investment Newsletter. He has been with the company since 2011 and has been investing since 2004. The newsletter’s primary focus is on contrarian and value-oriented investment opportunities traded in the United States and Canada. In addition, Philip sometimes engages in M&A, other special situations, and holds bonds, preferred shares, and convertible securities. Contra the Heard is a Toronto based company and was founded in 1995. Philip also blogs about personal finance topics on his own website called mymoneymoves.ca in his free time. You can also follow Philip at the Globe & Mail, on Twitter @Rallekcam, and catch him on YouTube at Contra the Heard.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The opinions expressed – imperfect and often subject to change – are not intended nor should be taken as advice or guidance. The information enclosed in this article is deemed to be accurate and reliable, but is not guaranteed by the author.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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