TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Stephanie Wilson sold 1,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$62.48, for a total transaction of C$62,480.00.
TransCanada Co. (TSE TRP) traded down 0.30% during trading on Friday, reaching $62.41. 6,913,004 shares of the company were exchanged. The stock has a market capitalization of $54.36 billion and a price-to-earnings ratio of 51.32. The firm’s 50 day moving average price is $62.96 and its 200-day moving average price is $62.84. TransCanada Co. has a one year low of $57.36 and a one year high of $65.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from TransCanada’s previous quarterly dividend of $0.48. This represents a $2.50 annualized dividend and a yield of 4.01%.
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Several equities analysts have recently weighed in on the stock. TD Securities increased their price objective on shares of TransCanada from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets reissued an “outperform” rating and issued a C$73.00 price objective on shares of TransCanada in a research report on Monday, July 31st. Scotiabank increased their price objective on shares of TransCanada from C$71.00 to C$72.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. Finally, CIBC increased their price objective on shares of TransCanada from C$68.00 to C$70.00 in a research report on Thursday, June 15th. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of C$71.75.
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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