Tradewinds Capital Management LLC cut its position in TransCanada Corporation (NYSE:TRP) (TSE:TRP) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,014 shares of the pipeline company’s stock after selling 500 shares during the period. Tradewinds Capital Management LLC’s holdings in TransCanada Corporation were worth $430,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TRP. Vanguard Group Inc. raised its stake in TransCanada Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 20,674,545 shares of the pipeline company’s stock worth $954,130,000 after buying an additional 1,194,936 shares during the period. TD Asset Management Inc. raised its stake in TransCanada Corporation by 3.4% in the first quarter. TD Asset Management Inc. now owns 26,526,044 shares of the pipeline company’s stock worth $1,220,638,000 after buying an additional 868,640 shares during the period. PNC Financial Services Group Inc. raised its stake in TransCanada Corporation by 108.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,300,363 shares of the pipeline company’s stock worth $60,011,000 after buying an additional 676,967 shares during the period. OMERS ADMINISTRATION Corp raised its stake in TransCanada Corporation by 14.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 5,253,500 shares of the pipeline company’s stock worth $241,748,000 after buying an additional 653,500 shares during the period. Finally, Renaissance Technologies LLC raised its stake in TransCanada Corporation by 102.8% in the first quarter. Renaissance Technologies LLC now owns 1,221,103 shares of the pipeline company’s stock worth $56,356,000 after buying an additional 618,900 shares during the period. 56.12% of the stock is owned by institutional investors and hedge funds.

Shares of TransCanada Corporation (TRP) opened at 49.77 on Thursday. The stock has a 50 day moving average of $49.52 and a 200 day moving average of $47.51. TransCanada Corporation has a 52 week low of $42.69 and a 52 week high of $51.81. The firm has a market cap of $43.35 billion, a P/E ratio of 51.36 and a beta of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a dividend of $0.4995 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from TransCanada Corporation’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.01%. TransCanada Corporation’s payout ratio is presently 215.12%.

ILLEGAL ACTIVITY NOTICE: “TransCanada Corporation (TRP) Shares Sold by Tradewinds Capital Management LLC” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/10/transcanada-corporation-trp-shares-sold-by-tradewinds-capital-management-llc.html.

TRP has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of TransCanada Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. TheStreet raised shares of TransCanada Corporation from a “c” rating to a “b-” rating in a research report on Friday, May 5th. Wolfe Research reaffirmed an “outperform” rating and set a $53.00 price objective on shares of TransCanada Corporation in a research report on Friday, May 12th. BidaskClub raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, BMO Capital Markets raised their price objective on shares of TransCanada Corporation from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $63.81.

About TransCanada Corporation

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.

Want to see what other hedge funds are holding TRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransCanada Corporation (NYSE:TRP) (TSE:TRP).

Institutional Ownership by Quarter for TransCanada Corporation (NYSE:TRP)

Receive News & Stock Ratings for TransCanada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada Corporation and related stocks with our FREE daily email newsletter.