TD Securities upgraded shares of TransCanada Co. (TSE:TRP) (NYSE:TRP) from a buy rating to an action list buy rating in a research note issued to investors on Friday. TD Securities currently has C$81.00 price target on the stock, up from their prior price target of C$79.00.

Separately, BMO Capital Markets reaffirmed an outperform rating and set a C$73.00 target price on shares of TransCanada in a research note on Monday, July 31st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$72.00.

TransCanada (TSE:TRP) opened at C$62.96 on Friday. TransCanada has a 52 week low of C$57.93 and a 52 week high of C$65.24.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.50 annualized dividend and a yield of 3.97%. TransCanada’s payout ratio is 117.82%.

In other TransCanada news, Director Mark Yeomans sold 1,400 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of C$62.65, for a total transaction of C$87,710.00. Also, Director Stephanie Wilson sold 1,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$62.48, for a total transaction of C$62,480.00. Insiders have sold 8,527 shares of company stock valued at $538,229 in the last quarter.

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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