TransCanada Co. (TRP) Insider Sells C$12,548.00 in Stock
TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Lee G. Hobbs sold 200 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$62.74, for a total transaction of C$12,548.00.
TransCanada Co. (TSE TRP) traded down C$0.22 on Friday, reaching C$61.59. 4,690,000 shares of the company’s stock traded hands, compared to its average volume of 1,510,000. TransCanada Co. has a 1 year low of C$59.23 and a 1 year high of C$65.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.50 annualized dividend and a yield of 4.06%. TransCanada’s payout ratio is 120.79%.
A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. J P Morgan Chase & Co boosted their target price on shares of TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. National Bank Financial boosted their target price on shares of TransCanada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 29th. CIBC boosted their target price on shares of TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. Finally, TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and boosted their target price for the company from C$79.00 to C$81.00 in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$73.44.
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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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