OxFORD Asset Management LLP Acquires Shares of 19,034 TransCanada Co. (TRP)

OxFORD Asset Management LLP acquired a new stake in TransCanada Co. (NYSE:TRP) (TSE:TRP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,034 shares of the pipeline company’s stock, valued at approximately $940,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Advisor Group Inc. grew its position in shares of TransCanada by 30.4% during the 2nd quarter. Advisor Group Inc. now owns 3,002 shares of the pipeline company’s stock worth $143,000 after buying an additional 699 shares during the period. Quantbot Technologies LP acquired a new stake in shares of TransCanada during the 3rd quarter worth approximately $178,000. Fairview Capital Investment Management LLC acquired a new stake in shares of TransCanada during the 2nd quarter worth approximately $200,000. Roberts Glore & Co. Inc. IL grew its position in shares of TransCanada by 2.1% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 4,527 shares of the pipeline company’s stock worth $216,000 after buying an additional 93 shares during the period. Finally, FDx Advisors Inc. acquired a new stake in shares of TransCanada during the 3rd quarter worth approximately $221,000. Hedge funds and other institutional investors own 56.86% of the company’s stock.

Several equities research analysts have recently commented on TRP shares. Morgan Stanley started coverage on shares of TransCanada in a research report on Friday, September 22nd. They set an “equal weight” rating and a $53.00 price target for the company. TD Securities upgraded shares of TransCanada to a “buy” rating in a research report on Friday, November 10th. TheStreet cut shares of TransCanada from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. J P Morgan Chase & Co started coverage on shares of TransCanada in a research report on Thursday, October 5th. They set an “overweight” rating for the company. Finally, Zacks Investment Research cut shares of TransCanada from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TransCanada has an average rating of “Buy” and a consensus price target of $59.25.

TransCanada Co. (TRP) opened at $48.54 on Friday. The stock has a market cap of $42,087.38, a P/E ratio of 20.94, a P/E/G ratio of 2.30 and a beta of 0.66. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.51. TransCanada Co. has a 1-year low of $44.88 and a 1-year high of $51.85.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a dividend of $0.491 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Thursday, December 28th. TransCanada’s dividend payout ratio is currently 125.16%.

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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.

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Institutional Ownership by Quarter for TransCanada (NYSE:TRP)

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