DekaBank Deutsche Girozentrale lowered its position in TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 835,155 shares of the pipeline company’s stock after selling 52,050 shares during the period. DekaBank Deutsche Girozentrale’s holdings in TransCanada Corporation were worth $39,792,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in TransCanada Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 20,674,545 shares of the pipeline company’s stock worth $954,130,000 after buying an additional 1,194,936 shares in the last quarter. TD Asset Management Inc. increased its stake in TransCanada Corporation by 3.4% in the first quarter. TD Asset Management Inc. now owns 26,526,044 shares of the pipeline company’s stock worth $1,220,638,000 after buying an additional 868,640 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in TransCanada Corporation by 108.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,300,363 shares of the pipeline company’s stock worth $60,011,000 after buying an additional 676,967 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in TransCanada Corporation by 14.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 5,253,500 shares of the pipeline company’s stock worth $241,748,000 after buying an additional 653,500 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in TransCanada Corporation by 102.8% in the first quarter. Renaissance Technologies LLC now owns 1,221,103 shares of the pipeline company’s stock worth $56,356,000 after buying an additional 618,900 shares in the last quarter. 56.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TransCanada Corporation (NYSE:TRP) opened at 49.08 on Friday. TransCanada Corporation has a one year low of $42.69 and a one year high of $51.81. The firm has a 50 day moving average of $49.58 and a 200 day moving average of $47.52. The stock has a market cap of $42.75 billion, a P/E ratio of 50.65 and a beta of 0.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.4995 per share. This is a positive change from TransCanada Corporation’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a dividend yield of 4.07%. TransCanada Corporation’s dividend payout ratio (DPR) is 215.12%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/11/transcanada-corporation-trp-shares-sold-by-dekabank-deutsche-girozentrale.html.

Several analysts have issued reports on TRP shares. TheStreet raised shares of TransCanada Corporation from a “c” rating to a “b-” rating in a report on Friday, May 5th. BidaskClub raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Saturday, July 8th. BMO Capital Markets upped their price target on shares of TransCanada Corporation from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $53.00 price target on shares of TransCanada Corporation in a report on Friday, May 12th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s 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.

Want to see what other hedge funds are holding TRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransCanada Corporation (NYSE:TRP) (TSE:TRP).

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.