TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Anthony M. Palmer bought 2,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were bought at an average price of C$56.74 per share, for a total transaction of C$113,480.00.
Shares of TransCanada Co. (TSE TRP) opened at C$56.89 on Wednesday. The company has a market cap of $50,140.00, a P/E ratio of 22.58 and a beta of 0.20. TransCanada Co. has a 1 year low of C$52.05 and a 1 year high of C$65.18.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be given a $0.69 dividend. The ex-dividend date is Wednesday, March 28th. This is a positive change from TransCanada’s previous quarterly dividend of $0.63. This represents a $2.76 annualized dividend and a dividend yield of 4.85%. TransCanada’s dividend payout ratio is currently 99.21%.
TRP has been the topic of several research reports. TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and increased their price target for the company from C$79.00 to C$81.00 in a research report on Friday, November 10th. CIBC increased their price target on shares of TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. National Bank Financial increased their price target on shares of 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. JPMorgan Chase & Co. increased their price target on shares of TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. Finally, Citigroup increased their price target on shares of TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock 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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