TransCanada Co. (TRP) Director Purchases C$16,088.04 in Stock

TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Thierry Vandal purchased 261 shares of the business’s stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of C$61.64 per share, with a total value of C$16,088.04.

TransCanada Co. (TRP) traded down C$0.22 during mid-day trading on Monday, hitting C$61.66. The stock had a trading volume of 2,375,858 shares, compared to its average volume of 1,500,145. TransCanada Co. has a 52 week low of C$58.12 and a 52 week high of C$65.24.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a $0.625 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.50 annualized dividend and a dividend yield of 4.05%. TransCanada’s dividend payout ratio is currently 120.79%.

Several research firms have commented on TRP. National Bank Financial upped their price target on TransCanada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a report on Wednesday, November 29th. CIBC upped their price target on TransCanada from C$70.00 to C$75.00 in a report on Tuesday, November 21st. Finally, TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and upped their price objective for the company from C$79.00 to C$81.00 in a research note 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 stock presently has a consensus rating of “Buy” and an average target price of C$73.43.

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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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