TransCanada (TSE:TRP) (NYSE:TRP) had its price objective lifted by Citigroup from C$68.00 to C$71.00 in a report issued on Friday.
Several other equities research analysts also recently commented on the stock. CIBC upped their price target on shares of TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. TD Securities upgraded shares of TransCanada from a buy rating to an action list buy rating and upped their price target for the company from C$79.00 to C$81.00 in a research report on Friday, November 10th. J P Morgan Chase & Co upped their price target on shares of TransCanada from C$74.00 to C$76.00 in a research report on Tuesday. Finally, National Bank Financial upped their price target on shares of TransCanada from C$68.00 to C$69.00 and gave the company a sector perform rating in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. TransCanada has a consensus rating of Buy and an average price target of C$73.44.
Shares of TransCanada (TSE TRP) traded down C$0.19 during trading hours on Friday, hitting C$62.99. 1,686,500 shares of the company traded hands, compared to its average volume of 1,495,148. TransCanada has a fifty-two week low of C$58.62 and a fifty-two week high of C$65.24.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid a $0.625 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.50 annualized dividend and a yield of 3.97%. TransCanada’s dividend payout ratio is presently 120.79%.
In other TransCanada news, Director Mark Yeomans sold 1,400 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$62.65, for a total value of C$87,710.00. Also, Director Patrick M. Keys sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total transaction of C$38,898.00. In the last quarter, insiders sold 3,644 shares of company stock worth $229,689.
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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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