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

Several equities research analysts have issued reports on TRP shares. Credit Suisse Group AG restated a “buy” rating on shares of TransCanada Corp. in a report on Saturday, June 4th. BMO Capital Markets restated a “buy” rating on shares of TransCanada Corp. in a report on Monday, June 20th. Royal Bank Of Canada restated an “outperform” rating and set a $64.00 price objective on shares of TransCanada Corp. in a report on Monday, June 13th. Zacks Investment Research upgraded TransCanada Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, TheStreet upgraded TransCanada Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 11th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. TransCanada Corp. currently has a consensus rating of “Buy” and a consensus price target of $54.82.

The company’s market capitalization is $33.18 billion. The company has a 50-day moving average price of $44.31 and a 200 day moving average price of $38.69.

TransCanada Corp. (NYSE:TRP) last released its quarterly earnings results on Friday, April 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. During the same quarter last year, the company posted $0.66 EPS. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.98 billion. The business’s revenue was down 11.4% compared to the same quarter last year. Analysts anticipate that TransCanada Corp. will post $2.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.4456 per share. The ex-dividend date is Tuesday, June 28th. This represents a $1.78 annualized dividend and a dividend yield of 3.77%. This is an increase from TransCanada Corp.’s previous quarterly dividend of $0.41.

Other hedge funds have made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of TransCanada Corp. by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 11,500,452 shares of the company’s stock valued at $374,800,000 after buying an additional 741,086 shares during the last quarter. US Bancorp DE increased its stake in shares of TransCanada Corp. by 79.7% in the fourth quarter. US Bancorp DE now owns 528,851 shares of the company’s stock valued at $17,235,000 after buying an additional 234,489 shares during the last quarter. State of Wisconsin Investment Board increased 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. Schroder Investment Management Group increased its stake in shares of TransCanada Corp. by 255.5% in the fourth quarter. Schroder Investment Management Group now owns 81,129 shares of the company’s stock valued at $3,667,000 after buying an additional 58,311 shares during the last quarter. Finally, Quantitative Investment Management LLC increased its stake in shares of TransCanada Corp. by 447.7% in the fourth quarter. Quantitative Investment Management LLC now owns 71,200 shares of the company’s stock valued at $2,320,000 after buying an additional 58,200 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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