Anthony M. Palmer Buys 2,000 Shares of TransCanada Co. (TRP) Stock

TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Anthony M. Palmer acquired 2,000 shares of TransCanada stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average cost of C$56.74 per share, for a total transaction of C$113,480.00.

TransCanada Co. (TSE:TRP) opened at C$56.89 on Wednesday. The stock has a market cap of $50,140.00, a P/E ratio of 22.58 and a beta of 0.20. TransCanada Co. has a one year low of C$52.05 and a one year high of C$65.18.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be paid a dividend of $0.69 per share. This is an increase from TransCanada’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, March 28th. This represents a $2.76 annualized dividend and a dividend yield of 4.85%. TransCanada’s dividend payout ratio is presently 99.21%.

TRP has been the topic of several recent analyst reports. CIBC upped their price objective on shares of TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. Citigroup upped their price objective on shares of TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. JPMorgan Chase & Co. upped their price objective on shares of TransCanada from C$74.00 to C$76.00 in a research note on Tuesday, December 5th. BMO Capital Markets reduced their price objective on shares of TransCanada from C$73.00 to C$69.00 in a research note on Tuesday, February 6th. Finally, TD Securities reduced their price objective on shares of TransCanada from C$81.00 to C$77.00 and set an “action list buy” rating on the stock in a research note on Friday, February 16th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$72.33.

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About TransCanada

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.

Insider Buying and Selling by Quarter for TransCanada (TSE:TRP)

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