TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Anthony M. Palmer acquired 2,000 shares of TransCanada stock in a transaction dated Tuesday, March 20th. The shares were acquired at an average price of C$53.05 per share, with a total value of C$106,100.00.
Shares of TransCanada stock opened at C$54.20 on Thursday. TransCanada Co. has a one year low of C$52.05 and a one year high of C$65.18. The stock has a market cap of $49,260.00, a PE ratio of 21.51 and a beta of 0.22.
TransCanada (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, February 15th. The company reported C$0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.71 by C$0.11. TransCanada had a net margin of 4.06% and a return on equity of 1.10%. The business had revenue of C$3.62 billion during the quarter, compared to the consensus estimate of C$2.50 billion.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be paid a $0.69 dividend. This is an increase from TransCanada’s previous quarterly dividend of $0.63. This represents a $2.76 annualized dividend and a yield of 5.09%. The ex-dividend date is Wednesday, March 28th. TransCanada’s dividend payout ratio (DPR) is 99.21%.
TRP has been the subject of a number of recent research reports. National Bank Financial increased their price objective on shares of TransCanada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 29th. JPMorgan Chase & Co. increased their price objective on shares of TransCanada from C$74.00 to C$76.00 in a research note on Tuesday, December 5th. Citigroup raised their target price on shares of TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. CIBC raised their target price on shares of TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. Finally, BMO Capital Markets cut their target price on shares of TransCanada from C$73.00 to C$69.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$72.38.
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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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