Bollard Group LLC increased its position in TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 108,054 shares of the pipeline company’s stock after buying an additional 1,054 shares during the period. Bollard Group LLC’s holdings in TransCanada Corporation were worth $5,151,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in TRP. Assenagon Asset Management S.A. bought a new stake in TransCanada Corporation during the second quarter worth approximately $1,078,000. Aperio Group LLC boosted its stake in TransCanada Corporation by 7.6% in the second quarter. Aperio Group LLC now owns 195,743 shares of the pipeline company’s stock worth $9,331,000 after buying an additional 13,786 shares during the period. Spirit of America Management Corp NY boosted its stake in TransCanada Corporation by 24.7% in the second quarter. Spirit of America Management Corp NY now owns 34,850 shares of the pipeline company’s stock worth $1,661,000 after buying an additional 6,900 shares during the period. Exane Derivatives boosted its stake in TransCanada Corporation by 294.7% in the second quarter. Exane Derivatives now owns 4,018 shares of the pipeline company’s stock worth $192,000 after buying an additional 3,000 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its stake in TransCanada Corporation by 19.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 7,636 shares of the pipeline company’s stock worth $363,000 after buying an additional 1,236 shares during the period. Institutional investors own 56.45% of the company’s stock.
Shares of TransCanada Corporation (NYSE TRP) traded down 0.31% during mid-day trading on Friday, reaching $51.17. 376,229 shares of the company’s stock traded hands. The firm’s 50-day moving average is $48.08 and its 200 day moving average is $47.04. The firm has a market cap of $44.57 billion, a price-to-earnings ratio of 102.34 and a beta of 0.66. TransCanada Corporation has a one year low of $42.69 and a one year high of $51.51.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be given a dividend of $0.4568 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from TransCanada Corporation’s previous quarterly dividend of $0.42. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.56%. TransCanada Corporation’s dividend payout ratio (DPR) is 362.75%.
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A number of analysts recently commented on the stock. BidaskClub upgraded shares of TransCanada Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Saturday, July 8th. Wolfe Research restated an “outperform” rating and set a $53.00 price objective on shares of TransCanada Corporation in a research note on Friday, May 12th. TheStreet upgraded shares of TransCanada Corporation from a “c” rating to a “b-” rating in a research note on Friday, May 5th. Finally, Wells Fargo & Company began coverage on shares of TransCanada Corporation in a research note on Friday, March 31st. They set an “outperform” rating for the company. Eleven investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $62.81.
TransCanada Corporation 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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