Donald R. Marchand Sells 34,400 Shares of TransCanada Co. (TRP) Stock
TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Donald R. Marchand sold 34,400 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of C$64.75, for a total transaction of C$2,227,400.00.
Shares of TransCanada Co. (TSE TRP) opened at 64.11 on Friday. TransCanada Co. has a 12 month low of $57.36 and a 12 month high of $65.24. The firm has a market cap of $55.84 billion and a price-to-earnings ratio of 52.72. The firm has a 50-day moving average of $63.06 and a 200-day moving average of $62.68.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.625 dividend. This is a positive change from TransCanada’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.90%.
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TRP has been the topic of several analyst reports. CIBC increased their price target on shares of TransCanada from C$68.00 to C$70.00 in a research report on Thursday, June 15th. Royal Bank Of Canada increased their price target on shares of TransCanada from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. BMO Capital Markets reiterated an “outperform” rating and set a C$73.00 price target on shares of TransCanada in a research report on Monday, July 31st. Scotiabank increased their price target on shares of TransCanada from C$71.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, June 15th. Finally, TD Securities increased their price target on shares of TransCanada from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research report on Monday, May 8th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of C$71.33.
TransCanada Company Profile
TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
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