EPS for TransCanada Corporation (TRP) Expected At $0.80 on April, 27

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%.

Related:

Comments

Latest news

Hot Stocks For Today: AngloGold Ashanti Limited (AU), Alexion Pharmaceuticals, Inc. (ALXN)
However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period.

Cisco Systems (CSCO) Holder Huntington National Bank Trimmed Position
It improved, as 51 investors sold CSCO shares while 660 reduced holdings. 145 funds took stakes and 589 increased stakes. California-based Aperio Grp Ltd Liability Corp has invested 0% in Ascena Retail Group, Inc. (TSE:STN) for 26,340 shares.

Seahawks to open 2018 schedule with road games against Broncos, Bears
Denver will be hoping to go from worst to first in the division this year after finishing the 2017 season with a 5-11 record. In Week 2, the Broncos will host the Bears for two days of joint practices ahead of their game on Saturday, Aug. 18 .

Today's Brokerage Rating: Alphabet Inc. (GOOGL), Continental Resources, Inc. (CLR)
In a bear trend, sell when prices pullback up to the 20-period moving average. (NYSE: CLR ) on Tuesday, January 5 to "Buy" rating. TheStreet raised shares of Continental Resources from a "c" rating to a "b" rating in a research report on Monday, March 26th.

Infrequent Trade Pioneer Natural Resources Company's (PXD)
Pin Oak Investment Advisors Inc. bought a new stake in shares of Pioneer Natural Resources in the 4th quarter valued at $129,000. Leavell Management holds 0.39% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD) for 19,210 shares.

Other news