Here's Why You Should Add TransAlta Stock to Your Portfolio Now

Core Viewpoint - TransAlta (TAC) is positioned as a leader in clean electricity, focusing on sustainable energy projects and customer-centered power solutions, making it a solid investment option in the utility sector [1] Growth Projections - The Zacks Consensus Estimate for 2025 earnings per share (EPS) remains unchanged at 35 cents, while the estimate for 2026 EPS has increased by 12% to 28 cents [2] Solvency - The times interest earned (TIE) ratio at the end of Q1 2025 is 1.3, indicating that TransAlta is well-positioned to meet its interest obligations [3] Dividend History - TransAlta has raised dividends 12 times in the past five years, with a current dividend yield of 1.65%, surpassing the Zacks S&P 500 Composite's average of 1.19% [4] Share Repurchase Program - The company has repurchased 1.9 million shares year to date at an average cost of $12.42 per share as part of its capital allocation strategy to enhance shareholder value [5] Growth Strategy - TransAlta aims to develop 1.75 gigawatts (GW) of incremental renewables capacity by the end of 2028, with a targeted investment of $3.5 billion, and plans to expand its development pipeline to 10 GW by 2028 [6] Stock Price Performance - Over the past three months, TransAlta's shares have increased by 32.5%, outperforming the industry's decline of 0.6% [7][8]