TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Geoff Murray sold 6,027 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of C$63.33, for a total transaction of C$381,689.91.
Geoff Murray also recently made the following trade(s):
- On Wednesday, August 23rd, Geoff Murray sold 100 shares of TransCanada stock. The stock was sold at an average price of C$63.49, for a total transaction of C$6,349.00.
TransCanada Co. (TSE TRP) traded down 0.79% during midday trading on Friday, reaching $62.89. 679,778 shares of the company were exchanged. The stock has a market capitalization of $54.78 billion and a price-to-earnings ratio of 51.72. TransCanada Co. has a 52-week low of $57.36 and a 52-week high of $65.24. The firm’s 50-day moving average price is $63.27 and its 200 day moving average price is $62.75.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a $0.625 dividend. This is a boost from TransCanada’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, September 28th. This represents a $2.50 annualized dividend and a yield of 3.98%.
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A number of research firms have issued reports on TRP. CIBC reiterated an “ourperform” rating and set a C$68.00 target price on shares of TransCanada in a report on Monday, May 8th. Royal Bank Of Canada raised their price objective on shares of TransCanada from C$72.00 to C$76.00 and gave the company an “outperform” rating in a report on Monday, May 8th. TD Securities increased their target price on shares of TransCanada from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Scotiabank increased their target price on shares of TransCanada from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$73.00 target price on shares of TransCanada in a research report on Monday, July 31st. Seven research analysts have rated the stock with a buy rating, TransCanada currently has a consensus rating of “Buy” and a consensus target price of C$71.33.
TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation facilities, and other businesses through a network of regulated natural gas pipelines and storage facilities.
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