Montrusco Bolton Investments Inc. lifted its position in TransCanada Co. (NYSE:TRP) (TSE:TRP) by 2.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,670,805 shares of the pipeline company’s stock after acquiring an additional 39,743 shares during the quarter. TransCanada makes up about 4.5% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 6th biggest holding. Montrusco Bolton Investments Inc. owned 0.19% of TransCanada worth $81,583,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Roberts Glore & Co. Inc. IL lifted its position in shares of TransCanada by 2.1% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 4,527 shares of the pipeline company’s stock valued at $216,000 after acquiring an additional 93 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in TransCanada by 2.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 7,723 shares of the pipeline company’s stock worth $368,000 after buying an additional 153 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in TransCanada by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 40,707 shares of the pipeline company’s stock worth $1,941,000 after buying an additional 216 shares in the last quarter. SG Americas Securities LLC lifted its position in TransCanada by 2.9% in the 2nd quarter. SG Americas Securities LLC now owns 7,827 shares of the pipeline company’s stock worth $373,000 after buying an additional 222 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in TransCanada by 0.4% in the 2nd quarter. Voya Investment Management LLC now owns 95,609 shares of the pipeline company’s stock worth $4,557,000 after buying an additional 361 shares in the last quarter. Institutional investors and hedge funds own 56.80% of the company’s stock.
Several research analysts have recently commented on TRP shares. Zacks Investment Research upgraded shares of TransCanada from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a research note on Wednesday, October 11th. TD Securities upgraded shares of TransCanada to a “buy” rating in a research note on Friday, November 10th. TheStreet lowered shares of TransCanada from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Morgan Stanley raised their target price on shares of TransCanada from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Finally, Bank of America assumed coverage on shares of TransCanada in a research report on Tuesday, January 9th. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. TransCanada has an average rating of “Buy” and a consensus price target of $58.00.
TransCanada Co. (NYSE:TRP) opened at $44.35 on Friday. TransCanada Co. has a 12 month low of $43.94 and a 12 month high of $51.85. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.51 and a quick ratio of 0.48. The firm has a market cap of $39,100.00, a PE ratio of 27.21, a price-to-earnings-growth ratio of 2.19 and a beta of 0.60.
TransCanada (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 9th. The pipeline company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. TransCanada had a net margin of 14.40% and a return on equity of 11.99%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $1.94 billion. sell-side analysts anticipate that TransCanada Co. will post 2.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a dividend of $0.491 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Thursday, December 28th. TransCanada’s dividend payout ratio is currently 124.54%.
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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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