TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Bryce A. Lord sold 201 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$62.98, for a total transaction of C$12,658.98.
TransCanada Co. (TSE:TRP) traded down C$0.59 on Friday, hitting C$62.54. 2,163,179 shares of the stock traded hands, compared to its average volume of 1,487,175. TransCanada Co. has a 52 week low of C$58.12 and a 52 week high of C$65.24.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, December 28th. TransCanada’s dividend payout ratio (DPR) is presently 120.79%.
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TRP has been the subject of several recent analyst reports. TD Securities increased their price objective on shares of TransCanada from C$77.00 to C$79.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a C$73.00 price objective on shares of TransCanada in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. TransCanada presently has an average rating of “Buy” and a consensus target price of C$72.00.
TransCanada Company Profile
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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