TransCanada Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at National Bank Financial raised their FY2018 earnings estimates for shares of TransCanada in a research report issued to clients and investors on Wednesday. National Bank Financial analyst P. Kenny now anticipates that the company will earn $3.19 per share for the year, up from their previous forecast of $3.15. National Bank Financial has a “Sector Perform” rating and a $69.00 price target on the stock.
TRP has been the topic of a number of other reports. CIBC increased their price target on shares of TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and increased their price target for the company from C$79.00 to C$81.00 in a research report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$73.43.
In other TransCanada news, Director Mark Yeomans sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$62.65, for a total transaction of C$87,710.00. Also, Director Stephanie Wilson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$62.48, for a total transaction of C$62,480.00. Insiders have sold a total of 3,532 shares of company stock worth $222,780 over the last 90 days.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.50 annualized dividend and a yield of 4.05%. TransCanada’s dividend payout ratio (DPR) is currently 120.79%.
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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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