TransCanada (TSE:TRP) (NYSE:TRP) had its price objective lowered by stock analysts at Citigroup from C$71.00 to C$68.00 in a report released on Tuesday, March 27th. That is 1.23 % down compareed to $0.81 earnings per share for past year. LPL Financial LLC's holdings in TransCanada were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.
A number of institutional investors have recently added to or reduced their stakes in the stock. In the last quarter, insiders have purchased 21,396 shares of company stock valued at $1,112,270 and have sold 5,101 shares valued at $291,724. Nomura Asset Management Co. The Manufacturers Life Insurance Company increased its position in shares of TransCanada by 6.0% during the fourth quarter. Scotia Capital Inc. now owns 3,657,933 shares of the pipeline company's stock valued at $177,949,000 after acquiring an additional 15,418 shares during the last quarter. Candriam Luxembourg S.C.A. increased its holdings in shares of TransCanada by 33.8% in the fourth quarter. After $0.82 EPS report last quarter, Wall Street now sees -2.44 % negative EPS growth of TransCanada Corporation. Mackenzie Financial Corp increased its position in TransCanada by 532.9% during the fourth quarter. Hedge funds and other institutional investors own 58.73% of the company's stock.
Several equities analysts have commented on the stock. On Thursday, March 22 the rating was downgraded by Wells Fargo to "Market Perform". On Thursday, January 11 Morgan Stanley upgraded TransCanada Corporation (NYSE:TRP) to "Buy" rating. CIBC increased their price target on shares of TransCanada from C$76.00 to C$77.00 in a report on Friday, February 16th.
On Tuesday, April 3rd, John Edward Lowe bought 500 shares of TransCanada stock. The stock now has a consensus rating of "Buy" and a consensus price target of C$70.89. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock was acquired at an average price of C$56.84 per share, for a total transaction of C$214,343.64. TransCanada Co. has a fifty-two week low of C$50.28 and a fifty-two week high of C$65.18. Caisse DE Depot ET Placement DU Quebec increased its position in shares of TransCanada by 1.1% during the fourth quarter.
TransCanada (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, February 15th.
Analysts expect TransCanada Corporation (TSE:TRP) to report $0.80 EPS on April, 27 before the open.They anticipate $0.01 EPS change or 1.23 % from last quarter's $0.81 EPS. The company earned $3.62 billion during the quarter. Stockholders of record on Friday, March 31st will be paid a $0.47 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.94%.
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