Shares of TransCanada Corp. (NYSE:TRP) hit a new 52-week high on Tuesday . The stock traded as high as $47.50 and last traded at $47.17, with a volume of 364,919 shares. The stock had previously closed at $46.91.

Several analysts have weighed in on TRP shares. Barclays PLC lifted 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 note on Monday, May 2nd. TD Securities restated a “buy” rating and issued a $63.00 target price on shares of TransCanada Corp. in a research report on Tuesday, July 19th. Goldman Sachs Group Inc. started coverage on shares of TransCanada Corp. in a research report on Wednesday, July 20th. They issued a “buy” rating and a $70.00 target price for the company. TheStreet upgraded shares of TransCanada Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. Finally, Zacks Investment Research upgraded shares of TransCanada Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $59.75.

The firm’s market cap is $37.66 billion. The firm has a 50 day moving average price of $45.76 and a 200-day moving average price of $40.41.

TransCanada Corp. (NYSE:TRP) last issued its earnings results on Thursday, July 28th. The company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.58 billion. TransCanada Corp.’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. On average, equities research analysts predict that TransCanada Corp. will post $1.91 earnings per share for the current fiscal year.

A number of institutional investors have modified their holdings of the company. Schroder Investment Management Group raised its position 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 worth $3,667,000 after buying an additional 58,311 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TransCanada Corp. by 33.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,511 shares of the company’s stock worth $6,372,000 after buying an additional 48,564 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of TransCanada Corp. by 94.9% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 503,100 shares of the company’s stock worth $16,395,000 after buying an additional 245,000 shares in the last quarter. US Bancorp DE raised its position 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 worth $17,235,000 after buying an additional 234,489 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. acquired a new position in shares of TransCanada Corp. during the fourth quarter worth $37,506,000.

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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