TransCanada (TRP) Sets New 12-Month Low at $59.12

Galtero Lara
Enero 14, 2018

Finally, Zacks Investment Research downgraded shares of TransCanada from a "buy" rating to a "hold" rating in a research report on Wednesday, October 4th. TransCanada makes up 2.8% of Nexus Investment Management Inc.'s holdings, making the stock its 17th biggest position. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock.

Morgan Stanley upped the shares of TransCanada (NYSE:TRP) from a Equal-Weight rating to Overweight rating in a research report revealed on Thursday, 11 January. Advisor Group Inc. now owns 3,002 shares of the pipeline company's stock worth $143,000 after buying an additional 699 shares in the last quarter. Finally, Harvest Fund Advisors LLC boosted its position in TransCanada by 1.7% during the third quarter. The stock of TransCanada Corporation (NYSE:TRP) earned "Buy" rating by Morgan Stanley on Thursday, January 11. They issued an "equal weight" rating and a $53.00 price objective for the company. TD Securities raised shares of TransCanada to a "buy" rating in a research report on Wednesday, November 29th. CIBC boosted their price objective on shares of TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. Inc. now owns 7,723 shares of the pipeline company's stock worth $368,000 after purchasing an additional 153 shares during the period. JPMorgan Chase & Co. initiated coverage on shares of TransCanada in a research report on Thursday, October 5th. The stock has a market cap of $41,690.00, a PE ratio of 29.30, a P/E/G ratio of 1.99 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.68.

Looking at the chart above, TRP's low point in its 52 week range is $45.07 per share, with $51.85 as the 52 week high point - that compares with a last trade of $48.21.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a $0.625 dividend. This represents a $1.96 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, December 28th. TransCanada's payout ratio is now 120.99%.

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TransCanada Corporation operates as an energy infrastructure firm in North America. Their pipeline transports the majority of Western Canada's natural gas production to growing markets in Canada and the United States. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

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