Media coverage about TransCanada (NYSE:TRP) (TSE:TRP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransCanada earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 45.9161054966799 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- TransCanada American Inv. Ltd. — Moody’s Changes TransCanada’s Rating Outlook to Negative from Stable; Affirms A3 Rating (finance.yahoo.com)
- TransCanada Corporation (TSE:TRP) Is A Real Dividend Rock Star – Here Is Why (finance.yahoo.com)
- TransCanada (TRP) and ONEOK (OKE) Head-To-Head Contrast (americanbankingnews.com)
- Late-stage global cycle favours Canada, value manager says (ca.finance.yahoo.com)
A number of equities analysts have commented on the stock. TD Securities upgraded shares of TransCanada to a “buy” rating in a research note on Wednesday, November 29th. Morgan Stanley upped their target price on shares of TransCanada from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Bank of America assumed coverage on shares of TransCanada in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of TransCanada from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, TheStreet upgraded shares of TransCanada from a “c+” rating to a “b” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $57.25.
TransCanada (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. TransCanada had a net margin of 23.40% and a return on equity of 12.33%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.96 billion. equities analysts expect that TransCanada will post 2.71 earnings per share for the current fiscal year.
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 $0.5486 dividend. This represents a $2.19 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Wednesday, March 28th. This is a boost from TransCanada’s previous quarterly dividend of $0.49. TransCanada’s dividend payout ratio is presently 104.64%.
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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