TransCanada Co. (TSE:TRP) (NYSE:TRP) Director David B. Moneta sold 900 shares of TransCanada stock in a transaction on Friday, March 2nd. The shares were sold at an average price of C$56.13, for a total value of C$50,517.00.
TransCanada Co. (TSE TRP) traded up C$0.48 during trading hours on Tuesday, reaching C$57.34. The company had a trading volume of 1,533,138 shares, compared to its average volume of 1,929,574. The company has a market capitalization of $49,830.00, a price-to-earnings ratio of 22.66 and a beta of 0.22. TransCanada Co. has a 12 month low of C$52.05 and a 12 month high of C$65.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be paid a dividend of $0.69 per share. This is a positive change from TransCanada’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, March 28th. This represents a $2.76 annualized dividend and a yield of 4.81%. TransCanada’s dividend payout ratio (DPR) is currently 99.21%.
Several equities analysts have recently weighed in on TRP shares. CIBC lifted their price target on TransCanada from C$75.00 to C$76.00 in a research report on Thursday, January 11th. JPMorgan Chase & Co. lifted their price target on TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. National Bank Financial reduced their price target on TransCanada from C$69.00 to C$65.00 and set a “sector perform” rating for the company in a research report on Monday, January 29th. Citigroup lifted their price target on TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. Finally, TD Securities dropped their price objective on TransCanada from C$81.00 to C$77.00 and set an “action list buy” rating for the company in a research note on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$72.33.
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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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