CALGARY, Alberta – TransAlta (TSX:TA) Corporation (NYSE:TAC), a provider of electric services with annual revenues of $2.06 billion and strong market performance showing a 57% return over the past year, disclosed its annual financial statements and management’s discussion and analysis for the year ended December 31, 2024, today in a Form 6-K filing with the U.S. Securities and Exchange Commission.
The documents, which are incorporated by reference into the company’s registration statements, offer a detailed look at TransAlta’s financial condition and the results of its operations for the past year.
The filing includes the consolidated audited annual financial statements and a comprehensive analysis by management. According to InvestingPro, TransAlta maintains a "GOOD" financial health score and has consistently paid dividends for 38 consecutive years, demonstrating long-term stability.
TransAlta’s Executive Vice President of Finance and Chief Financial Officer, Joel Hunter, signed off on the filing, underscoring the company’s commitment to transparency and regulatory compliance.
In other recent news, TransAlta Corporation announced the completion of its acquisition of Heartland Generation, a strategic move expected to enhance its generation capacity. This development marks a significant expansion of TransAlta’s operations, although the financial terms were not disclosed.
In addition, TransAlta declared dividends, reinforcing its commitment to shareholder returns, though specific amounts and payment dates were not detailed. BMO Capital Markets recently updated its stance on TransAlta, raising the stock’s price target from $17.00 to $22.00 while maintaining an Outperform rating, indicating confidence in the company’s future performance.
TransAlta has also been elevated to the top position on BMO’s list of preferred energy infrastructure investments in Canada. RBC Capital Markets included TransAlta in its "Best Ideas" list for the Canadian Power & Utilities sector, assigning it a price target of CAD 16 and an Outperform rating. TransAlta is preparing to host a conference call to discuss its fourth quarter and full-year 2024 financial results, with details to be announced later.
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