TransCanada Co. (TSE:TRP) (NYSE:TRP) has earned an average rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$70.89.
Several analysts have commented on TRP shares. CIBC raised their price objective on TransCanada from C$75.00 to C$76.00 in a report on Thursday, January 11th. National Bank Financial dropped their price objective on TransCanada from C$69.00 to C$65.00 and set a “sector perform” rating on the stock in a report on Monday, January 29th. TD Securities dropped their price objective on TransCanada from C$81.00 to C$77.00 and set an “action list buy” rating on the stock in a report on Friday, February 16th. BMO Capital Markets dropped their price objective on TransCanada from C$69.00 to C$68.00 in a report on Friday, March 16th. Finally, Citigroup dropped their price objective on TransCanada from C$71.00 to C$68.00 in a report on Tuesday, March 27th.
In related news, Director David B. Moneta sold 900 shares of TransCanada stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of C$56.13, for a total transaction of C$50,517.00. Also, insider Anthony M. Palmer sold 2,600 shares of TransCanada stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of C$57.61, for a total value of C$149,786.00. In the last 90 days, insiders bought 21,396 shares of company stock worth $1,112,270 and sold 5,101 shares worth $291,724.
TransCanada (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.82 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.11. TransCanada had a return on equity of 1.10% and a net margin of 4.06%. The company had revenue of C$3.62 billion for the quarter, compared to analyst estimates of C$2.50 billion.
The company also recently announced 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. This represents a $2.76 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from TransCanada’s previous quarterly dividend of $0.63.
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 and individual facilities, interconnecting pipelines, and other businesses.
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