TransCanada Co. (TSE:TRP) (NYSE:TRP) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.625 per share on Wednesday, January 31st. This represents a $2.50 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of TransCanada (TSE TRP) traded up C$0.02 on Thursday, reaching C$59.84. The company’s stock had a trading volume of 2,088,598 shares, compared to its average volume of 1,360,000. TransCanada has a one year low of C$59.12 and a one year high of C$65.24. The firm has a market capitalization of $52,510.00, a price-to-earnings ratio of 29.62 and a beta of 0.28.
TransCanada (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$0.70 EPS for the quarter, meeting the consensus estimate of C$0.70. TransCanada had a return on equity of 11.98% and a net margin of 21.47%.
Several equities analysts have recently weighed in on the company. CIBC raised their target price on TransCanada from C$75.00 to C$76.00 in a research report on Thursday, January 11th. Citigroup raised their target price on TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. JPMorgan Chase & Co. raised their target price on TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. National Bank Financial raised their target price on TransCanada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 29th. Finally, TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and raised their target price for the company from C$79.00 to C$81.00 in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$73.56.
In other news, Director Patrick M. Keys sold 600 shares of TransCanada stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of C$64.83, for a total value of C$38,898.00. Insiders sold 1,444 shares of company stock worth $92,047 in the last 90 days.
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TransCanada Company Profile
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.
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