Rank TransAlta Preferreds

This compare tool allows you to Rank TransAlta Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the TransAlta preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

TransAlta Brief Overview

Visit the TransAlta company website to see the preferred share prospectus, news and other information.

Sector: Power generator and wholesale marketer of electricity.

Core businesses and operations:

  1. Owns more than 70 power plants in Canada, the Western United States, and Australia.
  2. Generating capacity is 50% coal and 20% natural gas and 30% hydroelectric and wind

The latest information and statistics on their common stock TA, can be easily accessed using websites like TMX Money.

Dividend Payment Schedule: 2021MAR31 , 2021JUN30 , 2021SEP30 , 2021DEC31

Next Ex-Dividend Date: 2021FEB28. Ex Dividend Date Schedule: 2021FEB28 , 2021MAY31 , 2021AUG30 , 2021NOV30

 

TransAlta Credit Rating

The latest credit rating for TransAlta are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
P-4(high)BBB(low)Pfd-3LBB+Ba1

TransAlta Common Share Metrics

Symbol: TSE:TACurrency: CADMarket Cap: $2,437,771,652Price: $11.15
P/E: #N/AP/B: 1.53Dividend: $0.04Yield: 1.52%
Beta: 0.9500

TransAlta Overall Preferred Share Metrics

I have reviewed the full set of TransAlta preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "TransAlta". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.


Preferred issues: 5Lowest Current Yield: TA-E @ 4.09%Highest Current Yield: TA-H @ 6.56%Average Current Yield: 5.55%
5 Year Reset issues: 45YR Reset Lowest Reset Yield: TA-D @ 5.31%5YR Reset Highest Reset Yield: TA-F @ 5.87%5YR Reset Average Reset Yield: 5.59%
Lowest Rate Increase Percent: TA-J @ 20.00%Highest Rate Increase Percent: TA-E @ 89.00%Average Rate Increase Percent: 54.00%
Market Cap at Market Value: 659,524,829Market Cap at Face Value: 965,000,000Discount Amount: 305,475,171Discount Percent: 31.66%
Percent of Total Market Cap at Market Value: 0.92%Percent of Total Market Cap at Face Value: 1.14%



 
 

Rank TransAlta Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Increase Percent.
  5. Rate Increase To Value.
  6. New Spread increase. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data Mar-01 19:23, Model Metrics Mar-01 19:42
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
TA-D TA.PR.D CA89346D7687 $13.41$13.50$6.485yr + 2.03%05.07% $0.6800TransAlta_Corp._2.709%,_Series__A
TA-H TA.PR.H CA89346D7273 $19.83$20.40$9.905yr + 3.65%06.56% $1.3000TransAlta_Corp._5.194%,_Series_E
TA-F TA.PR.F CA89346D7356 $16.70$17.10$8.515yr + 3.10%06.04% $1.0080TransAlta_Corp._4.027%,_Series_C
TA-J TA.PR.J CA89346D6770 $20.73$21.20$10.705yr + 3.80%06.02% $1.2470TransAlta_Corp._5.30%,_Serie_G
TA-E TA.PR.E CA89346D7505 $13.20$13.35$7.223mth + 2.03%04.09% $0.53TransAlta_Corp.,_Series_B
 
 

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A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version


Last Updated: Market Data Mar-01 19:23, Model Metrics Mar-01 19:42
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)
Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield Dividend)follow link passed the end of the table to see definition
Reset Date Y/M/DRate Increase percentRate Increase to valueNew Spread IncreaseNew Spread valueShort PositionAdditional FeaturesYears To Double Initial InvestmentOutstanding FloatName
TA-D TA.PR.D CA89346D7687 $13.41$13.50$6.485yr + 2.03%05.07% $0.680005.31% | $0.712005.30% $0.71 0@cy+20@ry2021mar31086%5.31%046%2.97%5,730Cumulative14.0210,175,380TransAlta_Corp._2.709%,_Series__A
TA-H TA.PR.H CA89346D7273 $19.83$20.40$9.905yr + 3.65%06.56% $1.300005.63% | $1.117005.86% $1.16 5@cy+15@ry2022sep30026%5.64%020%4.40%14,226Cumulative10.919,000,000TransAlta_Corp._5.194%,_Series_E
Rank TransAlta Preferreds - canadianpreferredshares.ca

Additional Information

Continue to Rank TransAlta Preferreds  page 2 of 3 where you can find

  1. What if “Yield Scenarios” for TransAlta 5 year resets.
  2. Graph of all TransAlta preferred share yields
  3. Prospectus Information for each TransAlta preferred