Yorktown Management & Research Co Inc maintained its position in TransCanada Corporation (NYSE:TRP) (TSE:TRP) during the second quarter, according to its most recent filing with the SEC. The fund owned 6,500 shares of the pipeline company’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in TransCanada Corporation were worth $310,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Lipe & Dalton raised its position in TransCanada Corporation by 2.8% during the second quarter. Lipe & Dalton now owns 74,507 shares of the pipeline company’s stock worth $3,552,000 after acquiring an additional 2,030 shares during the period. Sentry Investments Corp. raised its position in TransCanada Corporation by 50.9% during the second quarter. Sentry Investments Corp. now owns 519,700 shares of the pipeline company’s stock worth $32,128,000 after acquiring an additional 175,300 shares during the period. Atlantic Trust Group LLC raised its position in TransCanada Corporation by 8.6% during the second quarter. Atlantic Trust Group LLC now owns 376,174 shares of the pipeline company’s stock worth $17,932,000 after acquiring an additional 29,748 shares during the period. Credit Agricole S A raised its position in TransCanada Corporation by 26.7% during the first quarter. Credit Agricole S A now owns 188,794 shares of the pipeline company’s stock worth $8,713,000 after acquiring an additional 39,815 shares during the period. Finally, Federated Investors Inc. PA raised its position in TransCanada Corporation by 8.6% during the second quarter. Federated Investors Inc. PA now owns 159,328 shares of the pipeline company’s stock worth $7,595,000 after acquiring an additional 12,684 shares during the period. Institutional investors own 56.79% of the company’s stock.

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A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of TransCanada Corporation from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. BidaskClub cut shares of TransCanada Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Saturday, July 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $66.43.

Shares of TransCanada Corporation (NYSE TRP) traded down 0.16% during midday trading on Friday, hitting $51.28. 443,714 shares of the stock were exchanged. The firm has a market cap of $44.66 billion, a PE ratio of 52.81 and a beta of 0.67. The firm has a 50-day moving average price of $50.48 and a 200 day moving average price of $48.05. TransCanada Corporation has a 12-month low of $42.69 and a 12-month high of $51.85.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a dividend of $0.4995 per share. This is a positive change from TransCanada Corporation’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, September 28th. TransCanada Corporation’s payout ratio is presently 215.12%.

TransCanada Corporation 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.

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

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