TransCanada Co. (TRP) Director Sells C$87,710.00 in Stock
TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Mark Yeomans sold 1,400 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$62.65, for a total transaction of C$87,710.00.
Shares of TransCanada Co. (TRP) opened at 62.41 on Monday. The firm has a market cap of $54.36 billion and a PE ratio of 51.32. TransCanada Co. has a 12 month low of $57.36 and a 12 month high of $65.24. The stock’s 50 day moving average is $62.96 and its 200 day moving average is $62.84.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a dividend of $0.625 per share. 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 4.01%. This is a boost from TransCanada’s previous quarterly dividend of $0.48.
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TRP has been the subject of several research analyst reports. CIBC increased their target price on shares of TransCanada from C$68.00 to C$70.00 in a research note on Thursday, June 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$73.00 target price on shares of TransCanada in a research note on Monday, July 31st. Scotiabank increased their target price on shares of TransCanada from C$71.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Finally, TD Securities increased their target price on shares of TransCanada from C$77.00 to C$79.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$71.75.
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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