Andra AP fonden boosted its position in shares of TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 2.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 82,800 shares of the pipeline company’s stock after buying an additional 2,300 shares during the period. Andra AP fonden’s holdings in TransCanada Corporation were worth $5,119,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Willingdon Wealth Management boosted its stake in shares of TransCanada Corporation by 3.8% in the second quarter. Willingdon Wealth Management now owns 28,274 shares of the pipeline company’s stock worth $1,348,000 after buying an additional 1,027 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of TransCanada Corporation during the second quarter worth about $3,101,000. Aviva PLC boosted its stake in shares of TransCanada Corporation by 2.3% in the second quarter. Aviva PLC now owns 547,026 shares of the pipeline company’s stock worth $26,034,000 after buying an additional 12,370 shares in the last quarter. MAI Capital Management boosted its stake in shares of TransCanada Corporation by 14.2% in the second quarter. MAI Capital Management now owns 19,396 shares of the pipeline company’s stock worth $925,000 after buying an additional 2,412 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of TransCanada Corporation by 1.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,506,295 shares of the pipeline company’s stock worth $119,267,000 after buying an additional 38,684 shares in the last quarter. Institutional investors and hedge funds own 56.79% of the company’s stock.

Shares of TransCanada Corporation (NYSE:TRP) opened at 50.16 on Tuesday. The stock’s 50 day moving average price is $50.15 and its 200 day moving average price is $47.67. TransCanada Corporation has a 12 month low of $42.69 and a 12 month high of $51.81. The company has a market capitalization of $43.69 billion, a PE ratio of 52.41 and a beta of 0.66.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.4995 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.98%. This is an increase from TransCanada Corporation’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, September 28th. TransCanada Corporation’s dividend payout ratio is presently 215.12%.

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A number of brokerages recently issued reports on TRP. BidaskClub cut TransCanada Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BMO Capital Markets upped their price target on TransCanada Corporation from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Saturday, July 8th. Wolfe Research reiterated an “outperform” rating and set a $53.00 price target on shares of TransCanada Corporation in a research report on Friday, May 12th. Finally, TheStreet upgraded TransCanada Corporation from a “c” rating to a “b-” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. TransCanada Corporation currently 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.

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

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