TransCanada Co. (TRP) Director Sells C$62,480.00 in Stock
TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Stephanie Wilson sold 1,000 shares of TransCanada stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$62.48, for a total transaction of C$62,480.00.
TransCanada Co. (TRP) traded down 0.44% on Wednesday, reaching $62.75. 908,008 shares of the company’s stock traded hands. The firm’s 50-day moving average is $63.08 and its 200 day moving average is $62.83. TransCanada Co. has a 12 month low of $57.36 and a 12 month high of $65.24. The firm has a market cap of $54.66 billion and a PE ratio of 51.60.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Thursday, September 28th. This is a positive change from TransCanada’s previous quarterly dividend of $0.48.
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Several research firms recently commented on TRP. TD Securities lifted their target price on shares of TransCanada from C$77.00 to C$79.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a C$73.00 target price on shares of TransCanada in a research report on Monday, July 31st. Scotiabank lifted their target price on shares of TransCanada from C$71.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, June 15th. Finally, CIBC lifted their target price on shares of TransCanada from C$68.00 to C$70.00 in a research report on Thursday, June 15th. Six analysts have rated the stock with a buy rating, TransCanada has an average rating of “Buy” and a consensus target price of C$71.75.
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.
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