Shares of TransCanada Corp. (NYSE:TRP) (TSE:TRP) have received an average recommendation of “Buy” from the sixteen analysts that are currently covering the company. Three research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $62.29.

A number of research firms recently commented on TRP. Credit Suisse Group AG set a $70.00 price target on shares of TransCanada Corp. and gave the stock a “buy” rating in a research report on Saturday, November 19th. Zacks Investment Research lowered shares of TransCanada Corp. from a “strong-buy” rating to a “hold” rating in a research report on Friday. TD Securities reaffirmed a “buy” rating and set a $74.00 price target (up from $67.00) on shares of TransCanada Corp. in a research report on Sunday, November 20th. RBC Capital Markets reaffirmed an “outperform” rating and set a $72.00 price target on shares of TransCanada Corp. in a research report on Sunday, November 20th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $69.00 price target on shares of TransCanada Corp. in a research report on Sunday, November 20th.

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in TransCanada Corp. by 35.1% in the first quarter. Renaissance Technologies LLC now owns 497,903 shares of the company’s stock valued at $19,589,000 after buying an additional 129,400 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in TransCanada Corp. during the first quarter valued at approximately $2,948,000. Ladenburg Thalmann Financial Services Inc. increased its stake in TransCanada Corp. by 16.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 40,174 shares of the company’s stock valued at $1,579,000 after buying an additional 5,798 shares in the last quarter. Logan Capital Management Inc. increased its stake in TransCanada Corp. by 7.6% in the first quarter. Logan Capital Management Inc. now owns 17,120 shares of the company’s stock valued at $673,000 after buying an additional 1,211 shares in the last quarter. Finally, Avalon Advisors LLC acquired a new stake in TransCanada Corp. during the first quarter valued at approximately $430,000. Institutional investors and hedge funds own 51.54% of the company’s stock.

TransCanada Corp. (NYSE:TRP) opened at 45.50 on Friday. The company has a 50-day moving average of $45.32 and a 200 day moving average of $45.24. TransCanada Corp. has a one year low of $28.40 and a one year high of $48.52. The firm’s market capitalization is $36.40 billion.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, December 30th will be issued a dividend of $0.4221 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, December 28th. TransCanada Corp.’s dividend payout ratio (DPR) is presently -83.09%.

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About TransCanada Corp.

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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