Aperio Group LLC raised its position in TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,738 shares of the pipeline company’s stock after acquiring an additional 6,995 shares during the quarter. Aperio Group LLC’s holdings in TransCanada Corporation were worth $10,021,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Atlantic Trust Group LLC grew its position in TransCanada Corporation by 8.6% in the second quarter. Atlantic Trust Group LLC now owns 376,174 shares of the pipeline company’s stock valued at $17,932,000 after acquiring an additional 29,748 shares in the last quarter. Lipe & Dalton grew its position in TransCanada Corporation by 2.8% in the second quarter. Lipe & Dalton now owns 74,507 shares of the pipeline company’s stock valued at $3,552,000 after acquiring an additional 2,030 shares in the last quarter. Sentry Investments Corp. grew its position in TransCanada Corporation by 50.9% in the second quarter. Sentry Investments Corp. now owns 519,700 shares of the pipeline company’s stock valued at $32,128,000 after acquiring an additional 175,300 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of TransCanada Corporation by 8.6% during the 2nd quarter. Federated Investors Inc. PA now owns 159,328 shares of the pipeline company’s stock valued at $7,595,000 after buying an additional 12,684 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of TransCanada Corporation by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 4,425,323 shares of the pipeline company’s stock valued at $211,039,000 after buying an additional 23,376 shares during the last quarter. 56.84% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. BidaskClub cut TransCanada Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley assumed coverage on TransCanada Corporation in a research note on Friday, September 22nd. They set an “equal weight” rating and a $53.00 target price for the company. BMO Capital Markets increased their target price on TransCanada Corporation from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Saturday, July 8th. Finally, J P Morgan Chase & Co assumed coverage on TransCanada Corporation in a research note on Thursday, October 5th. They set an “overweight” rating for the company. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $65.13.

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TransCanada Corporation (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 9th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. TransCanada Corporation had a return on equity of 12.08% and a net margin of 8.16%.

TransCanada Corporation 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.

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

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