TransCanada Co. (NYSE:TRP) saw an uptick in trading volume on Wednesday . 1,421,071 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 809,358 shares.The stock last traded at $45.45 and had previously closed at $45.70.

Several research firms have recently commented on TRP. Credit Suisse Group AG reaffirmed a “buy” rating on shares of TransCanada in a research report on Saturday, June 4th. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 target price on shares of TransCanada in a research report on Friday, July 29th. TD Securities reiterated a “buy” rating and issued a $63.00 price target (up from $62.00) on shares of TransCanada in a research note on Wednesday, June 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $64.00 price target on shares of TransCanada in a research note on Monday, June 13th. Finally, Scotiabank reiterated an “outperform” rating and issued a $68.00 price target (up from $66.00) on shares of TransCanada in a research note on Sunday, July 31st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $59.75.

The company’s market capitalization is $36.36 billion. The company has a 50 day moving average price of $46.65 and a 200 day moving average price of $41.93.

TransCanada (NYSE:TRP) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. During the same quarter last year, the company earned $0.56 EPS. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.58 billion. The business’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that TransCanada Co. will post $1.97 EPS for the current fiscal year.

A hedge fund recently raised its stake in TransCanada stock. US Bancorp DE increased its stake in shares of TransCanada Co. (NYSE:TRP) by 79.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 528,851 shares of the company’s stock after buying an additional 234,489 shares during the period. US Bancorp DE owned approximately 0.07% of TransCanada worth $17,235,000 at the end of the most recent reporting period.

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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