Baxter Bros Inc. increased its position in TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,205 shares of the pipeline company’s stock after buying an additional 2,300 shares during the period. TransCanada Corporation accounts for approximately 2.2% of Baxter Bros Inc.’s portfolio, making the stock its 11th largest position. Baxter Bros Inc.’s holdings in TransCanada Corporation were worth $7,208,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. K.J. Harrison & Partners Inc increased its position in TransCanada Corporation by 4.9% in the first quarter. K.J. Harrison & Partners Inc now owns 49,243 shares of the pipeline company’s stock worth $2,269,000 after buying an additional 2,281 shares in the last quarter. Janney Montgomery Scott LLC increased its position in TransCanada Corporation by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 46,013 shares of the pipeline company’s stock worth $2,124,000 after buying an additional 2,413 shares in the last quarter. Duncker Streett & Co. Inc. increased its position in TransCanada Corporation by 9.0% in the first quarter. Duncker Streett & Co. Inc. now owns 10,713 shares of the pipeline company’s stock worth $494,000 after buying an additional 883 shares in the last quarter. GW Henssler & Associates Ltd. increased its position in TransCanada Corporation by 2.4% in the first quarter. GW Henssler & Associates Ltd. now owns 202,316 shares of the pipeline company’s stock worth $9,337,000 after buying an additional 4,808 shares in the last quarter. Finally, Loeb Partners Corp bought a new position in TransCanada Corporation during the first quarter worth $808,000. 56.12% of the stock is currently owned by institutional investors.

Shares of TransCanada Corporation (NYSE:TRP) opened at 50.80 on Tuesday. TransCanada Corporation has a 12-month low of $42.69 and a 12-month high of $51.81. The company’s 50-day moving average is $49.01 and its 200-day moving average is $47.35. The firm has a market capitalization of $44.25 billion, a price-to-earnings ratio of 52.64 and a beta of 0.66.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a $0.4995 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from TransCanada Corporation’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, September 28th. TransCanada Corporation’s payout ratio is presently 215.12%.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/08/transcanada-corporation-trp-stake-boosted-by-baxter-bros-inc.html.

A number of equities analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of TransCanada Corporation from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. BidaskClub lowered shares of TransCanada Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Saturday, July 8th. TheStreet raised shares of TransCanada Corporation from a “c” rating to a “b-” rating in a research report on Friday, May 5th. Finally, Wolfe Research reissued an “outperform” rating and issued a $53.00 price objective on shares of TransCanada Corporation in a research report on Friday, May 12th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $63.81.

About TransCanada Corporation

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.

Institutional Ownership by Quarter for TransCanada Corporation (NYSE:TRP)

Receive News & Ratings for TransCanada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada Corporation and related companies with MarketBeat.com's FREE daily email newsletter.