Insider Selling: TransCanada Co. (TRP) Director Sells 1,400 Shares of Stock
TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Mark Yeomans sold 1,400 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$62.65, for a total value of C$87,710.00.
Shares of TransCanada Co. (TRP) traded down 0.14% during mid-day trading on Friday, reaching $62.51. The company had a trading volume of 4,854,214 shares. TransCanada Co. has a 52 week low of $57.36 and a 52 week high of $65.24. The company has a market capitalization of $54.45 billion and a price-to-earnings ratio of 51.41. The stock has a 50 day moving average of $62.99 and a 200-day moving average of $62.83.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a $0.625 dividend. This is an increase from TransCanada’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.99%.
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Several research analysts have recently commented on the company. CIBC raised their price objective on TransCanada from C$68.00 to C$70.00 in a research note on Thursday, June 15th. TD Securities raised their price objective on TransCanada from C$77.00 to C$79.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$73.00 price objective on shares of TransCanada in a research note on Monday, July 31st. Finally, Scotiabank raised their price objective on TransCanada from C$71.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Six investment analysts have rated the stock with a buy rating, TransCanada presently has a consensus rating of “Buy” and a consensus target price of C$71.75.
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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