TransCanada Corporation (NYSE:TRP) (TSE:TRP) – Analysts at National Bank Financial issued their Q4 2016 earnings per share (EPS) estimates for shares of TransCanada Corporation in a research report issued on Monday. National Bank Financial analyst P. Kenny anticipates that the brokerage will post earnings per share of $0.53 for the quarter.

TransCanada Corporation (NYSE:TRP) last announced its quarterly earnings data on Thursday, February 16th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. TransCanada Corporation had a negative net margin of 16.15% and a positive return on equity of 11.71%. The company earned $3.62 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The business’s revenue was up 26.9% on a year-over-year basis.

“National Bank Financial Comments on TransCanada Corporation’s Q4 2016 Earnings (TRP)” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this piece of content can be viewed at http://www.dailypolitical.com/2017/02/16/national-bank-financial-comments-on-transcanada-corporations-q4-2016-earnings-trp.html.

Several other research firms have also recently weighed in on TRP. Zacks Investment Research cut shares of TransCanada Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 25th. Credit Suisse Group reissued an “outperform” rating on shares of TransCanada Corporation in a research note on Friday, January 27th. Scotiabank reissued an “outperform” rating and issued a $69.00 target price on shares of TransCanada Corporation in a research note on Friday, December 16th. GMP Securities raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating in a research note on Monday, November 21st. Finally, TD Securities reissued a “buy” rating and issued a $74.00 target price (up from $67.00) on shares of TransCanada Corporation in a research note on Sunday, November 20th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.77.

TransCanada Corporation (NYSE:TRP) opened at 47.56 on Thursday. The firm’s market cap is $38.05 billion. The stock has a 50 day moving average of $46.94 and a 200-day moving average of $46.27. TransCanada Corporation has a 52 week low of $35.06 and a 52 week high of $49.77.

“National Bank Financial Comments on TransCanada Corporation’s Q4 2016 Earnings (TRP)” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this piece of content can be viewed at http://www.dailypolitical.com/2017/02/16/national-bank-financial-comments-on-transcanada-corporations-q4-2016-earnings-trp.html.

A number of institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its position in TransCanada Corporation by 30.7% in the second quarter. Neuberger Berman Group LLC now owns 6,955 shares of the company’s stock worth $315,000 after buying an additional 1,635 shares during the period. Northstar Investment Advisors LLC boosted its position in TransCanada Corporation by 5.0% in the second quarter. Northstar Investment Advisors LLC now owns 154,106 shares of the company’s stock worth $6,969,000 after buying an additional 7,371 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in TransCanada Corporation by 64.7% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,202,600 shares of the company’s stock worth $54,373,000 after buying an additional 472,500 shares during the period. 10 15 Associates Inc. boosted its position in TransCanada Corporation by 1.6% in the second quarter. 10 15 Associates Inc. now owns 113,948 shares of the company’s stock worth $5,153,000 after buying an additional 1,785 shares during the period. Finally, Cidel Asset Management Inc. boosted its position in TransCanada Corporation by 52.7% in the second quarter. Cidel Asset Management Inc. now owns 1,623,206 shares of the company’s stock worth $72,944,000 after buying an additional 560,155 shares during the period. 57.15% of the stock is owned by hedge funds and other institutional investors.

TransCanada Corporation Company Profile

TransCanada Corp (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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