TD Asset Management Inc. grew its stake in shares of TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,765,482 shares of the pipeline company’s stock after acquiring an additional 91,181 shares during the period. TransCanada Corporation accounts for 2.0% of TD Asset Management Inc.’s investment portfolio, making the stock its 10th biggest holding. TD Asset Management Inc. owned 3.07% of TransCanada Corporation worth $1,319,815,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. grew its holdings in shares of TransCanada Corporation by 30.4% during the 2nd quarter. Advisor Group Inc. now owns 3,002 shares of the pipeline company’s stock valued at $143,000 after acquiring an additional 699 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of TransCanada Corporation in the 3rd quarter valued at $178,000. Fairview Capital Investment Management LLC acquired a new stake in shares of TransCanada Corporation in the 2nd quarter valued at $200,000. FDx Advisors Inc. acquired a new stake in shares of TransCanada Corporation in the 3rd quarter valued at $221,000. Finally, Roberts Glore & Co. Inc. IL lifted its stake in shares of TransCanada Corporation by 2.1% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 4,527 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 55.56% of the company’s stock.

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Several equities research analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of TransCanada Corporation from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. BidaskClub lowered shares of TransCanada Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley assumed coverage on shares of TransCanada Corporation in a research note on Friday, September 22nd. They issued an “equal weight” rating and a $53.00 price objective for the company. Zacks Investment Research lowered shares of TransCanada Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, TheStreet lowered shares of TransCanada Corporation from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. TransCanada Corporation has a consensus rating of “Buy” and an average price target of $63.00.

TransCanada Corporation (TRP) traded up $0.26 during trading on Friday, reaching $49.84. 480,431 shares of the company’s stock were exchanged, compared to its average volume of 1,048,940. The firm has a market cap of $43,184.18, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.51. TransCanada Corporation has a 52-week low of $43.71 and a 52-week high of $51.85.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.491 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Thursday, December 28th. TransCanada Corporation’s dividend payout ratio is 125.16%.

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.

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

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