TransCanada Co. (TSE:TRP) (NYSE:TRP) has received a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$72.00.
Several research analysts have recently weighed in on TRP shares. TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and upped their price target for the company from C$79.00 to C$81.00 in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a C$73.00 price objective on shares of TransCanada in a research report on Monday, July 31st.
In other news, Director Mark Yeomans sold 1,400 shares of TransCanada stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$62.65, for a total value of C$87,710.00. Also, Director Geoff Murray sold 6,027 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of C$63.33, for a total value of C$381,689.91. Over the last three months, insiders sold 8,527 shares of company stock worth $538,229.
Shares of TransCanada (TSE TRP) traded up C$0.92 during midday trading on Friday, hitting C$62.67. 531,011 shares of the stock traded hands, compared to its average volume of 1,477,962. TransCanada has a one year low of C$57.93 and a one year high of C$65.24.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.50 dividend on an annualized basis and a yield of 3.99%. TransCanada’s dividend payout ratio (DPR) is 206.96%.
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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