TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Francois Lionel Poirier purchased 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average cost of C$56.28 per share, with a total value of C$422,100.00.
TransCanada Co. (TRP) opened at C$54.79 on Tuesday. The firm has a market capitalization of $49,260.00, a price-to-earnings ratio of 21.74 and a beta of 0.22. TransCanada Co. has a fifty-two week low of C$41.11 and a fifty-two week high of C$51.85.
TransCanada (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.71 by C$0.11. The firm had revenue of C$3.62 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. TransCanada had a return on equity of 1.10% and a net margin of 4.06%.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be issued a $0.69 dividend. The ex-dividend date is Wednesday, March 28th. This is a boost from TransCanada’s previous quarterly dividend of $0.63. This represents a $2.76 annualized dividend and a yield of 5.04%. TransCanada’s payout ratio is currently 80.56%.
Several analysts recently weighed in on TRP shares. National Bank Financial dropped their price target on TransCanada from C$69.00 to C$65.00 and set a “sector perform” rating for the company in a report on Monday, January 29th. CIBC lifted their price target on TransCanada from C$70.00 to C$75.00 in a report on Tuesday, November 21st. JPMorgan Chase & Co. lifted their price target on TransCanada from C$74.00 to C$76.00 in a report on Tuesday, December 5th. Scotiabank dropped their price target on TransCanada from C$72.00 to C$70.00 and set an “outperform” rating for the company in a report on Friday. Finally, BMO Capital Markets dropped their price target on TransCanada from C$69.00 to C$68.00 in a report on Friday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TransCanada currently has an average rating of “Buy” and a consensus price target of C$72.38.
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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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