TransCanada Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for shares of TransCanada in a note issued to investors on Thursday. National Bank Financial analyst P. Kenny now forecasts that the company will earn $2.80 per share for the year, down from their previous forecast of $2.86. National Bank Financial also issued estimates for TransCanada’s FY2018 earnings at $3.15 EPS.
A number of other research analysts have also recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and issued a C$73.00 target price on shares of TransCanada in a report on Monday, July 31st. TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and boosted their price objective for the stock from C$79.00 to C$81.00 in a research note on Friday. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$72.00.
Shares of TransCanada (TSE:TRP) opened at C$62.96 on Monday. TransCanada has a 1 year low of C$57.93 and a 1 year high of C$65.24.
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 dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, December 28th. TransCanada’s payout ratio is 117.82%.
In related news, Director Geoff Murray sold 6,027 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$63.33, for a total value of C$381,689.91. Also, Director Stephanie Wilson sold 1,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$62.48, for a total value of C$62,480.00. Over the last ninety days, insiders have sold 8,527 shares of company stock worth $538,229.
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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