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Live Chart Being Loaded With Signals

Commentary (10 Oct 2023 @ 16:00):

Stats
Today's Volume	880 159
Average Volume	550 083
Market Cap	3.33B
EPS	$0 ( 2024-02-21 )
Next earnings date	( $0 ) 2024-05-03
Last Dividend	$0.0780 ( 2023-09-14 )
Next Dividend	$0 ( N/A )
P/E	41.60
ATR14	$0.157 (1.26%)

Volume Correlation

Long: 0.09 (neutral)

Short: 0.56 (weak)

Signal:(45.237) Neutral

TransAlta Renewables Inc Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

TransAlta Renewables Inc Correlation - Currency/Commodity

0.20
( neutral )

0.24
( neutral )

0.26
( neutral )

-0.28
( neutral )

-0.10
( neutral )

-0.32
( neutral )

TransAlta Renewables Inc Financials

Annual	2022
Revenue:	$560.00M
Gross Profit:	$361.00M (64.46 %)
EPS:	$0.280

Q2	2023
Revenue:	$99.00M
Gross Profit:	$76.00M (76.77 %)
EPS:	$0.0500

Q1	2023
Revenue:	$119.00M
Gross Profit:	$92.00M (77.31 %)
EPS:	$0.170

Q4	2022
Revenue:	$154.00M
Gross Profit:	$109.00M (70.78 %)
EPS:	$0.150

Financial Reports:

No articles found.

TransAlta Renewables Inc Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.234 (N/A)	$0.234 (N/A)	$0.234 (N/A)	$0.234 (N/A)	$0.234 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

TransAlta Renewables Inc Dividend Information - Dividend King

Dividend Sustainability Score: 9.11 - good (91.12%) | Divividend Growth Potential Score: 5.55 - Stable (11.02%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.0470	2013-08-29
Last Dividend	$0.0780	2023-09-14
Next Dividend	$0	N/A
Payout Date	2023-09-29
Next Payout Date	N/A
# dividends	120	--
Total Paid Out	$8.90	--
Avg. Dividend % Per Year	3.60%	--
Score	6.64	--
Div. Sustainability Score	9.11
Div.Growth Potential Score	5.55
Div. Directional Score	7.33	--

Next Divdend (Est)
(2024-07-01)

$0.0789 Estimate 22.13 %

Dividend Stability

0.59 Average

Dividend Score

6.64

Pay Frequency

Monthly

Yearly Payout

Year	Amount	Yield
2013	$0	0.00%
2014	$0	0.00%
2015	$0	0.00%
2016	$0	0.00%
2017	$0	0.00%
2018	$0.858	7.25%
2019	$0.936	8.97%
2020	$0.936	6.05%
2021	$0.936	4.15%
2022	$0.936	5.00%
2023	$0.702	6.17%
2024	$0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for TSX

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
XCD.TO	Dividend Junior	2023-06-26	Semi-Annually	12	0.34%
PDV.TO	Dividend Knight	2023-07-28	Monthly	18	4.94%
EQL.TO	Dividend Junior	2023-06-28	Quarterly	7	1.01%
ZLU.TO	Dividend Junior	2023-06-28	Quarterly	12	1.08%
TEC.TO	Dividend Junior	2023-06-28	Quarterly	6	0.15%
INOC.TO	Dividend Junior	2023-06-29	Quarterly	7	1.07%
CIX.TO	Dividend King	2023-09-28	Quarterly	29	2.07%
XGI.TO	Dividend Junior	2023-06-26	Semi-Annually	12	0.74%
PRV-UN.TO	Dividend King	2023-09-28	Monthly	11	4.21%
FHG.TO	Dividend Junior	2023-06-29	Quarterly	10	0.44%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.157	1.500	6.85	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0249	1.200	9.17	10.00	[0 - 0.3]
returnOnEquityTTM	0.0451	1.500	-0.610	-0.916	[0.1 - 1]
payoutRatioTTM	3.22	-1.000	10.00	-10.00	[0 - 1]
currentRatioTTM	0.871	0.800	-0.643	-0.515	[1 - 3]
quickRatioTTM	0.776	0.800	-0.142	-0.113	[0.8 - 2.5]
cashRatioTTM	0.224	1.500	9.87	10.00	[0.2 - 2]
debtRatioTTM	0.261	-1.500	5.65	-8.47	[0 - 0.6]
interestCoverageTTM	2.33	1.000	-0.249	-0.249	[3 - 30]
operatingCashFlowPerShareTTM	0.876	2.00	9.71	10.00	[0 - 30]
freeCashFlowPerShareTTM	0.311	2.00	9.84	10.00	[0 - 20]
debtEquityRatioTTM	0.495	-1.500	8.02	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.690	1.000	1.841	1.841	[0.2 - 0.8]
operatingProfitMarginTTM	0.230	1.000	7.40	7.40	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.286	1.000	9.52	9.52	[0.2 - 2]
assetTurnoverTTM	0.158	0.800	-2.28	-1.822	[0.5 - 2]
Total Score				9.11

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	42.72	1.000	5.79	0	[1 - 100]
returnOnEquityTTM	0.0451	2.50	-0.392	-0.916	[0.1 - 1.5]
freeCashFlowPerShareTTM	0.311	2.00	9.90	10.00	[0 - 30]
dividendYielPercentageTTM	3.77	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	0.876	2.00	9.71	10.00	[0 - 30]
payoutRatioTTM	3.22	1.500	10.00	-10.00	[0 - 1]
pegRatioTTM	0.880	1.500	7.47	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.472	1.000	0.706	0	[0.1 - 0.5]
Total Score				5.55

TransAlta Renewables Inc

TransAlta Renewables Inc. develops, owns, and operates renewable power generation facilities. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. As of February 24, 2022, it owned and operated 26 wind facilities, 13 hydroelectric facilities, 8 natural gas generation facilities, 2 solar facilities, 1 natural gas pipeline, and 1 battery storage project comprising 2,968 megawatts of net generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, Washington, North Carolina, and the State of Western Australia. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. is a subsidiary of TransAlta Corporation.