TransAlta Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:TA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
09 Jun 26	BuyCA$22,651	Nancy Johnson	Individual	1,300	CA$17.48
05 Jun 26	BuyCA$181,470	Mike Politeski	Individual	10,000	CA$18.15
21 May 26	SellCA$182,500	Jane Fedoretz	Individual	10,000	CA$18.25
13 May 26	BuyCA$172,363	Mike Politeski	Individual	10,000	CA$17.24
08 May 26	SellCA$262,500	Jane Fedoretz	Individual	15,000	CA$17.60
07 May 26	SellCA$174,500	Jane Fedoretz	Individual	10,000	CA$17.45
31 Mar 26	SellCA$215,572	Jane Fedoretz	Individual	12,000	CA$18.15
31 Mar 26	SellCA$193,499	Blain van Melle	Individual	10,626	CA$18.21
25 Mar 26	SellCA$270,000	Blain van Melle	Individual	15,000	CA$18.00
24 Mar 26	SellCA$307,250	Jane Fedoretz	Individual	17,500	CA$17.70
12 Mar 26	SellCA$87,300	Jane Fedoretz	Individual	5,000	CA$17.46
03 Mar 26	SellCA$381,100	Jane Fedoretz	Individual	20,000	CA$19.13

Insider Trading Volume

Insider Buying: TA insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of TA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	378,347	0.127%
Hedge Funds	17,781,325	5.97%
VC/PE Firms	33,369,877	11.2%
General Public	65,696,976	22.1%
Institutions	180,558,376	60.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 62.57% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.2%	Brookfield Corporation	33,369,877	CA$623.7m	0.02%	0.51%
7.12%	RBC Global Asset Management Inc.	21,196,793	CA$396.2m	-2.48%	0.12%
5.97%	Rubric Capital Management LP	17,781,325	CA$332.3m	0%	2.62%
5.95%	BMO Asset Management Corp.	17,714,553	CA$331.1m	33.2%	0.07%
4.57%	FMR LLC	13,600,626	CA$254.2m	-42.6%	0.01%
2.79%	Millennium Management LLC	8,318,000	CA$155.5m	-1.86%	0.07%
2.65%	Merrill Lynch, Pierce, Fenner & Smith Incorporated	7,891,151	CA$147.5m	-28%	0.03%
2.6%	Vanguard Capital Management, LLC	7,739,481	CA$144.7m	0%	no data
2.44%	The Goldman Sachs Group, Inc.	7,275,325	CA$136.0m	50.8%	0.03%
2.12%	American Century Investment Management Inc	6,304,689	CA$117.8m	4.01%	0.03%
1.75%	Morgan Stanley	5,221,537	CA$97.6m	50.2%	0.01%
1.57%	Mackenzie Financial Corporation	4,684,204	CA$87.5m	29.6%	0.05%
1.54%	The Toronto-Dominion Bank	4,580,887	CA$85.6m	75%	0.08%
1.51%	Arvin Capital Management LP	4,488,235	CA$83.9m	17.5%	13.83%
1.2%	Norges Bank Investment Management	3,581,371	CA$66.9m	0%	no data
1.04%	CI Global Asset Management	3,089,654	CA$57.7m	-0.03%	0.07%
0.87%	Value Aligned Research Advisors, LLC	2,596,273	CA$48.5m	0%	0.26%
0.79%	Vanguard Fiduciary Trust Company	2,362,425	CA$44.2m	-2.36%	no data
0.77%	Rokos Capital Management LLP	2,293,069	CA$42.9m	0%	0.46%
0.77%	Canadian Imperial Bank of Commerce	2,283,297	CA$42.7m	45.1%	0.05%
0.71%	Quadravest Capital Management, Inc.	2,119,901	CA$39.6m	0%	0.52%
0.7%	National Bank Investments Inc.	2,088,238	CA$39.0m	47.6%	0.02%
0.68%	AHL Partners LLP	2,037,947	CA$38.1m	-2.59%	0.28%
0.63%	Artemis Investment Management LLP	1,875,520	CA$35.1m	3.14%	0.06%
0.61%	UBS Asset Management AG	1,818,976	CA$34.0m	-40.5%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/12 23:41
End of Day Share Price	2026/06/12 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TransAlta Corporation is covered by 20 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nathan Heywood	ATB Cormark
Benjamin Pham	BMO Capital Markets Equity Research
Julien Dumoulin-Smith	BofA Global Research