TransCanada Corp. (NYSE:TRP)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.49 and last traded at $47.02, with a volume of 303,861 shares trading hands. The stock had previously closed at $46.77.

Several equities analysts recently issued reports on the stock. Credit Suisse Group AG assumed coverage on shares of TransCanada Corp. in a research note on Friday, April 8th. They issued an “outperform” rating for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $59.00 target price (up from $58.00) on shares of TransCanada Corp. in a research note on Tuesday, April 5th. Zacks Investment Research upgraded shares of TransCanada Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. TheStreet upgraded shares of TransCanada Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. Finally, Barclays PLC upped their price objective on shares of TransCanada Corp. from $33.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, May 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.82.

The stock’s market capitalization is $33.08 billion. The stock’s 50 day moving average price is $43.98 and its 200 day moving average price is $38.53.

TransCanada Corp. (NYSE:TRP) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The firm earned $2.55 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s quarterly revenue was down 11.4% on a year-over-year basis. On average, equities research analysts expect that TransCanada Corp. will post $2.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.4456 per share. This is an increase from TransCanada Corp.’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, June 28th. This represents a $1.78 annualized dividend and a dividend yield of 3.81%.

Several large investors recently modified their holdings of TRP. First Trust Advisors LP raised its stake in shares of TransCanada Corp. by 26.0% in the fourth quarter. First Trust Advisors LP now owns 192,097 shares of the company’s stock valued at $6,260,000 after buying an additional 39,641 shares during the last quarter. Comerica Bank raised its stake in shares of TransCanada Corp. by 16.1% in the fourth quarter. Comerica Bank now owns 76,160 shares of the company’s stock valued at $2,340,000 after buying an additional 10,538 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of TransCanada Corp. during the fourth quarter valued at approximately $1,127,000. Northstar Investment Advisors LLC raised its stake in shares of TransCanada Corp. by 7.4% in the fourth quarter. Northstar Investment Advisors LLC now owns 137,218 shares of the company’s stock valued at $4,472,000 after buying an additional 9,474 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in shares of TransCanada Corp. by 31.2% in the fourth quarter. State of Wisconsin Investment Board now owns 790,927 shares of the company’s stock valued at $25,730,000 after buying an additional 188,100 shares during the last quarter.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.

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