TransCanada Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at National Bank Financial decreased their FY2017 earnings per share estimates for shares of TransCanada in a research report issued on Thursday. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.80 for the year, down from their previous forecast of $2.86. National Bank Financial also issued estimates for TransCanada’s FY2018 earnings at $3.15 EPS.

TRP has been the subject of several other research reports. TD Securities increased their price target on TransCanada from C$77.00 to C$79.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$72.00.

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TransCanada (TSE:TRP) opened at C$62.69 on Monday. TransCanada has a 52 week low of C$57.93 and a 52 week high of C$65.24.

The company 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 of this dividend is Thursday, December 28th. This represents a $2.50 annualized dividend and a yield of 3.99%. TransCanada’s dividend payout ratio is currently 206.96%.

In related news, Director Geoff Murray sold 6,027 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$63.33, for a total transaction of C$381,689.91. Also, Director Stephanie Wilson sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$62.48, for a total value of C$62,480.00. Insiders have sold 8,527 shares of company stock valued at $538,229 in the last ninety days.

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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