Sprott Inc. bought a new position in shares of TransCanada Corp. (NYSE:TRP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 725,020 shares of the company’s stock, valued at approximately $34,482,000. TransCanada Corp. accounts for 1.2% of Sprott Inc.’s portfolio, making the stock its 13th largest position. Sprott Inc. owned approximately 0.09% of TransCanada Corp. as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. State of Wisconsin Investment Board raised its stake in TransCanada Corp. by 19.5% in the third quarter. State of Wisconsin Investment Board now owns 964,775 shares of the company’s stock valued at $45,741,000 after buying an additional 157,356 shares in the last quarter. GW Henssler & Associates Ltd. raised its stake in TransCanada Corp. by 1.2% in the third quarter. GW Henssler & Associates Ltd. now owns 183,571 shares of the company’s stock valued at $8,731,000 after buying an additional 2,143 shares in the last quarter. Northstar Investment Advisors LLC raised its stake in TransCanada Corp. by 1.5% in the third quarter. Northstar Investment Advisors LLC now owns 156,492 shares of the company’s stock valued at $7,181,000 after buying an additional 2,386 shares in the last quarter. World Asset Management Inc raised its stake in TransCanada Corp. by 21.7% in the third quarter. World Asset Management Inc now owns 53,486 shares of the company’s stock valued at $2,544,000 after buying an additional 9,536 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in TransCanada Corp. by 11.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,394,806 shares of the company’s stock valued at $114,090,000 after buying an additional 247,413 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for TransCanada Corp. (NYSE:TRP)

TransCanada Corp. (NYSE:TRP) opened at 44.82 on Thursday. The company’s 50-day moving average price is $46.21 and its 200 day moving average price is $44.92. TransCanada Corp. has a 52 week low of $28.40 and a 52 week high of $48.52. The company’s market cap is $35.86 billion.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, December 30th will be given a dividend of $0.4221 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.69 annualized dividend and a dividend yield of 3.77%. TransCanada Corp.’s dividend payout ratio (DPR) is presently -83.09%.

Several research firms recently issued reports on TRP. Scotiabank reissued an “outperform” rating and set a $68.00 price target (up from $66.00) on shares of TransCanada Corp. in a research report on Sunday, July 31st. BMO Capital Markets reissued a “buy” rating and set a $65.00 price target on shares of TransCanada Corp. in a research report on Tuesday, July 19th. TD Securities reissued a “buy” rating and set a $67.00 price target (up from $63.00) on shares of TransCanada Corp. in a research report on Sunday, July 31st. Credit Suisse Group AG reissued a “buy” rating and set a $70.00 price target on shares of TransCanada Corp. in a research report on Friday, July 29th. Finally, Goldman Sachs Group Inc. began coverage on TransCanada Corp. in a research report on Wednesday, July 20th. They set a “buy” rating and a $70.00 price target on the stock. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $59.57.

TransCanada Corp. Company Profile

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.

5 Day Chart for NYSE:TRP

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