Caisse DE Depot ET Placement DU Quebec Has $743.50 Million Position in TransCanada Corporation (TRP)

Caisse DE Depot ET Placement DU Quebec lifted its position in TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,014,698 shares of the pipeline company’s stock after buying an additional 201,002 shares during the quarter. TransCanada comprises approximately 1.7% of Caisse DE Depot ET Placement DU Quebec’s holdings, making the stock its 13th biggest position. Caisse DE Depot ET Placement DU Quebec owned approximately 1.72% of TransCanada worth $743,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. boosted its position in TransCanada by 0.3% during the third quarter. TD Asset Management Inc. now owns 26,765,482 shares of the pipeline company’s stock worth $1,319,815,000 after purchasing an additional 91,181 shares during the period. Vanguard Group Inc. boosted its position in TransCanada by 4.8% during the second quarter. Vanguard Group Inc. now owns 21,658,344 shares of the pipeline company’s stock worth $1,032,453,000 after purchasing an additional 983,799 shares during the period. FMR LLC boosted its position in TransCanada by 16.2% during the second quarter. FMR LLC now owns 16,839,385 shares of the pipeline company’s stock worth $802,753,000 after purchasing an additional 2,350,684 shares during the period. Legal & General Group Plc boosted its position in TransCanada by 2.4% during the third quarter. Legal & General Group Plc now owns 5,996,170 shares of the pipeline company’s stock worth $295,675,000 after purchasing an additional 143,049 shares during the period. Finally, Franklin Resources Inc. boosted its position in TransCanada by 0.5% during the second quarter. Franklin Resources Inc. now owns 4,425,323 shares of the pipeline company’s stock worth $211,039,000 after purchasing an additional 23,376 shares during the period. 57.32% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. TD Securities raised shares of TransCanada to a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley lifted their price objective on shares of TransCanada from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. TheStreet cut shares of TransCanada from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Zacks Investment Research cut shares of TransCanada from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, J P Morgan Chase & Co initiated coverage on shares of TransCanada in a research report on Thursday, October 5th. They issued an “overweight” rating for the company. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.00.

Shares of TransCanada Corporation (TRP) traded up $0.08 during trading on Tuesday, hitting $48.64. 995,400 shares of the stock were exchanged, compared to its average volume of 1,051,867. The company has a market capitalization of $42,780.00, a PE ratio of 21.20, a PEG ratio of 2.31 and a beta of 0.66. TransCanada Corporation has a 52 week low of $43.71 and a 52 week high of $51.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.51.

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 $0.491 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.04%. TransCanada’s payout ratio is presently 122.01%.

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TransCanada 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.

Institutional Ownership by Quarter for TransCanada (NYSE:TRP)

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