Anthony M. Palmer Buys 2,000 Shares of TransCanada Co. (TRP) Stock

TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Anthony M. Palmer acquired 2,000 shares of TransCanada stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of C$56.74 per share, with a total value of C$113,480.00.

TransCanada Co. (TSE:TRP) opened at C$57.53 on Thursday. The company has a market cap of $50,710.00, a price-to-earnings ratio of 22.83 and a beta of 0.20. TransCanada Co. has a twelve month low of C$52.05 and a twelve month high of C$65.18.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.80%. The ex-dividend date is Wednesday, March 28th. This is an increase from TransCanada’s previous quarterly dividend of $0.63. TransCanada’s dividend payout ratio (DPR) is 99.21%.

TRP has been the subject of several analyst reports. CIBC lifted their price objective on shares of TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. JPMorgan Chase & Co. lifted their price objective on shares of TransCanada from C$74.00 to C$76.00 in a research note on Tuesday, December 5th. Citigroup lifted their price objective on shares of TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. National Bank Financial reduced their price objective on shares of TransCanada from C$69.00 to C$65.00 and set a “sector perform” rating for the company in a research note on Monday, January 29th. Finally, TD Securities raised shares of TransCanada from a “buy” rating to an “action list buy” rating and lifted their price objective for the company from C$79.00 to C$81.00 in a research note on Friday, November 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. TransCanada currently has a consensus rating of “Buy” and an average target price of C$72.33.

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About TransCanada

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.

Insider Buying and Selling by Quarter for TransCanada (TSE:TRP)

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