QS Investors LLC Acquires 2,000 Shares of TransCanada Corporation (TRP)

QS Investors LLC increased its holdings in TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 27.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,197 shares of the pipeline company’s stock after acquiring an additional 2,000 shares during the quarter. QS Investors LLC’s holdings in TransCanada Corporation were worth $438,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of TransCanada Corporation by 30.4% in the 2nd quarter. Advisor Group Inc. now owns 3,002 shares of the pipeline company’s stock valued at $143,000 after acquiring an additional 699 shares during the period. Exane Derivatives increased its holdings in shares of TransCanada Corporation by 294.7% in the 2nd quarter. Exane Derivatives now owns 4,018 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 3,000 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TransCanada Corporation by 20.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,101 shares of the pipeline company’s stock valued at $243,000 after acquiring an additional 851 shares during the period. Investment House LLC acquired a new position in shares of TransCanada Corporation in the 2nd quarter valued at $243,000. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of TransCanada Corporation in the 2nd quarter valued at $262,000. 56.77% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “QS Investors LLC Acquires 2,000 Shares of TransCanada Corporation (TRP)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/qs-investors-llc-acquires-2000-shares-of-transcanada-corporation-trp.html.

TRP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of TransCanada Corporation from a “hold” rating to a “strong-buy” rating and set a $57.00 target price on the stock in a report on Wednesday, October 11th. J P Morgan Chase & Co assumed coverage on shares of TransCanada Corporation in a research note on Thursday, October 5th. They issued an “overweight” rating on the stock. BidaskClub raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. BMO Capital Markets boosted their price objective on shares of TransCanada Corporation from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, Morgan Stanley assumed coverage on shares of TransCanada Corporation in a research note on Friday, September 22nd. They issued an “equal weight” rating and a $53.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $65.13.

TransCanada Corporation (NYSE:TRP) opened at 50.53 on Wednesday. The firm has a 50-day moving average of $50.26 and a 200 day moving average of $48.63. TransCanada Corporation has a 52 week low of $42.69 and a 52 week high of $51.85. The firm has a market capitalization of $44.01 billion, a PE ratio of 50.53 and a beta of 0.67.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareho

Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of TransCanada Corporation by 30.4% in the 2nd quarter. Advisor Group Inc. now owns 3,002 shares of the pipeline company’s stock valued at $143,000 after acquiring an additional 699 shares during the period. Exane Derivatives increased its holdings in shares of TransCanada Corporation by 294.7% in the 2nd quarter. Exane Derivatives now owns 4,018 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 3,000 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TransCanada Corporation by 20.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,101 shares of the pipeline company’s stock valued at $243,000 after acquiring an additional 851 shares during the period. Investment House LLC acquired a new position in shares of TransCanada Corporation in the 2nd quarter valued at $243,000. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of TransCanada Corporation in the 2nd quarter valued at $262,000. 56.77% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “QS Investors LLC Acquires 2,000 Shares of TransCanada Corporation (TRP)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/qs-investors-llc-acquires-2000-shares-of-transcanada-corporation-trp.html.

TRP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of TransCanada Corporation from a “hold” rating to a “strong-buy” rating and set a $57.00 target price on the stock in a report on Wednesday, October 11th. J P Morgan Chase & Co assumed coverage on shares of TransCanada Corporation in a research note on Thursday, October 5th. They issued an “overweight” rating on the stock. BidaskClub raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. BMO Capital Markets boosted their price objective on shares of TransCanada Corporation from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, Morgan Stanley assumed coverage on shares of TransCanada Corporation in a research note on Friday, September 22nd. They issued an “equal weight” rating and a $53.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $65.13.

TransCanada Corporation (NYSE:TRP) opened at 50.53 on Wednesday. The firm has a 50-day moving average of $50.26 and a 200 day moving average of $48.63. TransCanada Corporation has a 52 week low of $42.69 and a 52 week high of $51.85. The firm has a market capitalization of $44.01 billion, a PE ratio of 50.53 and a beta of 0.67.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.4995 dividend. The ex-dividend date is Thursday, September 28th. This is a positive change from TransCanada Corporation’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a yield of 3.95%. TransCanada Corporation’s dividend payout ratio (DPR) is currently 232.56%.

About TransCanada Corporation

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

Institutional Ownership by Quarter for TransCanada Corporation (NYSE:TRP)

Receive News & Ratings for TransCanada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply