TransCanada Co. (TSE:TRP) (NYSE:TRP) Director David B. Moneta sold 900 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of C$56.13, for a total transaction of C$50,517.00.
Shares of TransCanada Co. (TRP) opened at C$55.89 on Friday. TransCanada Co. has a 12-month low of C$52.05 and a 12-month high of C$65.18. The stock has a market cap of $50,330.00, a P/E ratio of 22.18 and a beta of 0.22.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be given a $0.69 dividend. The ex-dividend date is Wednesday, March 28th. This is a boost from TransCanada’s previous quarterly dividend of $0.63. This represents a $2.76 annualized dividend and a dividend yield of 4.94%. TransCanada’s dividend payout ratio (DPR) is currently 99.21%.
A number of equities research analysts have recently commented on TRP shares. CIBC lifted their price target on shares of TransCanada from C$75.00 to C$76.00 in a report on Thursday, January 11th. Citigroup lifted their price target on shares of TransCanada from C$68.00 to C$71.00 in a report on Friday, December 8th. JPMorgan Chase & Co. lifted their price target on shares of TransCanada from C$74.00 to C$76.00 in a report on Tuesday, December 5th. BMO Capital Markets lowered their price target on shares of TransCanada from C$73.00 to C$69.00 in a report on Tuesday, February 6th. Finally, TD Securities lowered their price target on shares of TransCanada from C$81.00 to C$77.00 and set an “action list buy” rating for the company in a report on Friday, February 16th. One investment 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 company’s stock. TransCanada has a consensus rating of “Buy” and an average target price of C$72.88.
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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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