TransCanada (TSE:TRP) (NYSE:TRP) had its price target increased by National Bank Financial from C$68.00 to C$69.00 in a research report released on Wednesday. The brokerage currently has a sector perform rating on the stock.

TRP has been the subject of several other research reports. TD Securities raised shares of TransCanada from a buy rating to an action list buy rating and upped their price objective for the company from C$79.00 to C$81.00 in a research note on Friday, November 10th. CIBC increased their price target on shares of TransCanada from C$70.00 to C$75.00 in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of C$73.43.

Shares of TransCanada (TRP) opened at C$61.94 on Wednesday. TransCanada has a one year low of C$58.12 and a one year high of C$65.24.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.50 annualized dividend and a dividend yield of 4.04%. TransCanada’s dividend payout ratio (DPR) is 120.79%.

In other news, Director Stephanie Wilson sold 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of C$62.48, for a total value of C$62,480.00. Also, Director Patrick M. Keys sold 600 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total transaction of C$38,898.00. In the last three months, insiders sold 3,532 shares of company stock valued at $222,780.

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About TransCanada

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.

Analyst Recommendations for TransCanada (TSE:TRP)

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