Key Group Holdings Cayman LTD. maintained its position in shares of TransCanada Corporation (NYSE:TRP) (TSE:TRP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,150 shares of the pipeline company’s stock at the close of the 2nd quarter. Key Group Holdings Cayman LTD.’s holdings in TransCanada Corporation were worth $1,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRP. FMR LLC grew its position in TransCanada Corporation by 16.2% during the second quarter. FMR LLC now owns 16,839,385 shares of the pipeline company’s stock worth $802,753,000 after buying an additional 2,350,684 shares in the last quarter. Vanguard Group Inc. increased its stake in TransCanada Corporation by 6.1% during the first quarter. Vanguard Group Inc. now owns 20,674,545 shares of the pipeline company’s stock valued at $954,130,000 after acquiring an additional 1,194,936 shares during the period. PNC Financial Services Group Inc. increased its stake in TransCanada Corporation by 69.1% during the second quarter. PNC Financial Services Group Inc. now owns 2,199,225 shares of the pipeline company’s stock valued at $104,837,000 after acquiring an additional 898,862 shares during the period. Renaissance Technologies LLC increased its stake in TransCanada Corporation by 102.8% during the first quarter. Renaissance Technologies LLC now owns 1,221,103 shares of the pipeline company’s stock valued at $56,356,000 after acquiring an additional 618,900 shares during the period. Finally, Wells Fargo & Company MN increased its stake in TransCanada Corporation by 540.7% during the second quarter. Wells Fargo & Company MN now owns 543,312 shares of the pipeline company’s stock valued at $25,900,000 after acquiring an additional 458,516 shares during the period. Institutional investors and hedge funds own 56.79% of the company’s stock.

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TRP has been the subject of a number of research reports. BidaskClub downgraded TransCanada Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BMO Capital Markets lifted their price objective on TransCanada Corporation from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Zacks Investment Research upgraded TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Saturday, July 8th. Finally, Morgan Stanley began coverage on TransCanada Corporation in a research report on Friday, September 22nd. They set an “equal weight” rating and a $53.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $64.75.

TransCanada Corporation (TRP) traded down 0.02% during midday trading on Monday, reaching $49.42. The company’s stock had a trading volume of 257,566 shares. TransCanada Corporation has a 52 week low of $42.69 and a 52 week high of $51.85. The firm has a 50 day moving average price of $50.45 and a 200-day moving average price of $48.15. The firm has a market cap of $43.04 billion, a P/E ratio of 49.42 and a beta of 0.67.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a $0.4995 dividend. This is a boost from TransCanada Corporation’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, September 28th. TransCanada Corporation’s payout ratio is 232.56%.

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.

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

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