Insider Selling: TransCanada Co. (TRP) Director Sells C$12,658.98 in Stock

TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Bryce A. Lord sold 201 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$62.98, for a total value of C$12,658.98.

Shares of TransCanada Co. (TSE TRP) opened at C$62.54 on Monday. TransCanada Co. has a twelve month low of C$58.12 and a twelve month high of C$65.24.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, December 28th. TransCanada’s dividend payout ratio is presently 120.79%.

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TRP has been the topic of a number of recent research reports. TD Securities upgraded TransCanada from a “buy” rating to an “action list buy” rating and increased their target price for the stock from C$79.00 to C$81.00 in a research note on Friday, November 10th. BMO Capital Markets restated an “outperform” rating and set a C$73.00 price objective on shares of TransCanada in a research note on Monday, July 31st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. TransCanada presently has a consensus rating of “Buy” and an average target price of C$72.29.

About TransCanada

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.

Insider Buying and Selling by Quarter for TransCanada (TSE:TRP)

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