TransCanada Co. (TSE:TRP) (NYSE:TRP) has been given an average recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$72.00.

Several equities research analysts have weighed in on TRP shares. BMO Capital Markets reiterated an “outperform” rating and issued a C$73.00 price objective on shares of TransCanada in a report on Monday, July 31st. TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and increased their price objective for the stock from C$79.00 to C$81.00 in a report on Friday.

TransCanada (TRP) traded up C$0.94 during midday trading on Friday, reaching C$62.69. The company’s stock had a trading volume of 2,016,709 shares, compared to its average volume of 1,486,398. TransCanada has a 1-year low of C$57.93 and a 1-year high of C$65.24.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, December 28th. TransCanada’s dividend payout ratio is currently 117.82%.

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In other news, Director Geoff Murray sold 6,027 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of C$63.33, for a total value of C$381,689.91. Also, Director Stephanie Wilson sold 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$62.48, for a total value of C$62,480.00. Insiders sold a total of 8,527 shares of company stock valued at $538,229 in the last three months.

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.

Analyst Recommendations for TransCanada (TSE:TRP)

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