TransCanada Co. (TSE:TRP) (NYSE:TRP) declared a quarterly dividend on Wednesday, November 8th, Zacks reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.625 per share on Wednesday, January 31st. This represents a $2.50 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, December 28th.
TransCanada (TSE TRP) opened at C$61.68 on Wednesday. The firm has a market capitalization of $54,130.00, a price-to-earnings ratio of 30.53 and a beta of 0.28. TransCanada has a 1 year low of C$59.23 and a 1 year high of C$65.24.
In other news, Director Patrick M. Keys sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of C$64.83, for a total transaction of C$38,898.00. Over the last quarter, insiders have sold 1,444 shares of company stock valued at $92,047.
Several research firms have weighed in on TRP. National Bank Financial raised their price target 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. CIBC raised their price target on TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. Citigroup raised their price target on TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and raised their price objective for the stock from C$79.00 to C$81.00 in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. raised their price objective on TransCanada from C$74.00 to C$76.00 in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target 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.
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