OxFORD Asset Management LLP purchased a new position in TransCanada Co. (NYSE:TRP) (TSE:TRP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,034 shares of the pipeline company’s stock, valued at approximately $940,000.
Other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. increased its position in shares of TransCanada by 30.4% during the 2nd quarter. Advisor Group Inc. now owns 3,002 shares of the pipeline company’s stock valued at $143,000 after purchasing an additional 699 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of TransCanada during the 3rd quarter valued at about $178,000. Fairview Capital Investment Management LLC purchased a new stake in shares of TransCanada during the 2nd quarter valued at about $200,000. Roberts Glore & Co. Inc. IL increased its position in shares of TransCanada by 2.1% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 4,527 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 93 shares during the last quarter. Finally, FDx Advisors Inc. purchased a new stake in TransCanada in the 3rd quarter worth approximately $221,000. Institutional investors own 56.86% of the company’s stock.
Several research firms recently issued reports on TRP. Zacks Investment Research raised shares of TransCanada from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday. Morgan Stanley raised shares of TransCanada from an “equal weight” rating to an “overweight” rating and set a $54.00 target price for the company in a report on Thursday. They noted that the move was a valuation call. Bank of America started coverage on shares of TransCanada in a report on Tuesday. They set a “buy” rating for the company. TD Securities raised shares of TransCanada to a “buy” rating in a report on Wednesday, November 29th. Finally, TheStreet lowered shares of TransCanada from a “b” rating to a “c+” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. TransCanada currently has an average rating of “Buy” and an average price target of $58.75.
Shares of TransCanada Co. (NYSE TRP) traded up $0.10 on Friday, reaching $47.86. The company had a trading volume of 1,140,000 shares, compared to its average volume of 947,796. The company has a market capitalization of $42,030.00, a P/E ratio of 29.73, a PEG ratio of 2.32 and a beta of 0.66. TransCanada Co. has a 12 month low of $45.07 and a 12 month high of $51.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.51.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a $0.491 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.10%. TransCanada’s dividend payout ratio is presently 121.74%.
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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