TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Patrick M. Keys sold 600 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total value of C$38,898.00.
TransCanada Co. (TSE:TRP) traded down C$1.26 on Wednesday, hitting C$62.99. The stock had a trading volume of 1,821,253 shares, compared to its average volume of 1,496,780. TransCanada Co. has a 52 week low of C$58.12 and a 52 week high of C$65.24.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid 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 3.97%. TransCanada’s dividend payout ratio (DPR) is presently 120.79%.
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A number of brokerages have commented on TRP. TD Securities boosted their target price on TransCanada from C$77.00 to C$79.00 and gave the company a “buy” rating in a research note on Monday, July 31st. BMO Capital Markets restated an “outperform” rating and issued a C$73.00 target price on shares of TransCanada in a research note on Monday, July 31st. Finally, CIBC boosted their target price on TransCanada from C$70.00 to C$75.00 in a research note on Tuesday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. TransCanada has an average rating of “Buy” and a consensus price target of C$73.00.
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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