TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Donald R. Marchand sold 34,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of C$64.75, for a total value of C$2,227,400.00.

Shares of TransCanada Co. (TSE TRP) traded down 0.48% during mid-day trading on Thursday, hitting $64.37. The company had a trading volume of 1,574,249 shares. TransCanada Co. has a 52 week low of $57.36 and a 52 week high of $65.24. The firm has a market capitalization of $56.07 billion and a PE ratio of 100.89. The firm has a 50-day moving average price of $63.06 and a 200-day moving average price of $62.68.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from TransCanada’s previous quarterly dividend of $0.48. This represents a $2.50 annualized dividend and a yield of 3.88%.

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A number of research analysts have recently weighed in on the company. TD Securities raised their target price on TransCanada from C$77.00 to C$79.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets restated an “outperform” rating and issued a C$73.00 target price on shares of TransCanada in a report on Monday. Royal Bank Of Canada raised their target price on TransCanada from C$72.00 to C$76.00 and gave the company an “outperform” rating in a report on Monday, May 15th. CIBC restated an “ourperform” rating and issued a C$68.00 target price on shares of TransCanada in a report on Monday, May 8th. Finally, Scotiabank raised their target price on TransCanada from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, May 8th. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$71.33.

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.

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

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