TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Lee G. Hobbs sold 200 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of C$62.74, for a total value of C$12,548.00.

TransCanada Co. (TSE TRP) traded up C$0.02 during trading hours on Thursday, hitting C$62.49. The stock had a trading volume of 1,875,158 shares, compared to its average volume of 1,494,099. TransCanada Co. has a fifty-two week low of C$59.23 and a fifty-two week high of C$65.24.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.50 annualized dividend and a dividend yield of 4.00%. TransCanada’s dividend payout ratio (DPR) is 120.79%.

Several research firms have recently weighed in on TRP. CIBC lifted their target price on TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and lifted their target price for the stock from C$79.00 to C$81.00 in a research report on Friday, November 10th. Citigroup lifted their target price on TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. J P Morgan Chase & Co lifted their target price on TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. Finally, 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 report on Wednesday, November 29th. One 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 company. TransCanada has a consensus rating of “Buy” and a consensus target price of C$73.44.

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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.

Insider Buying and Selling by Quarter for TransCanada (TSE:TRP)

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