TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Anthony M. Palmer acquired 2,000 shares of the business’s stock in a transaction 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.
Shares of TransCanada Co. (TSE:TRP) opened at C$57.53 on Friday. The company has a market capitalization of $50,710.00, a price-to-earnings ratio of 22.83 and a beta of 0.20. TransCanada Co. has a 52 week low of C$52.05 and a 52 week high of C$65.18.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.80%. This is a boost from TransCanada’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, March 28th. TransCanada’s payout ratio is presently 99.21%.
A number of equities research analysts have recently commented on TRP shares. BMO Capital Markets lowered their target price on TransCanada from C$73.00 to C$69.00 in a research note on Tuesday, February 6th. CIBC lifted their target price on TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. National Bank Financial lifted their target price on TransCanada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 29th. Citigroup lifted their target price on TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. Finally, JPMorgan Chase & Co. lifted their target price on TransCanada from C$74.00 to C$76.00 in a research note on Tuesday, December 5th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$72.33.
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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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