TransCanada (NYSE:TRP) Earns Daily Coverage Optimism Rating of 0.20

Harvest Fund Advisors LLC now owns 3,145,328 shares of the pipeline company's stock worth $155,474,000 after acquiring an additional 53,009 shares during the last quarter. Neuberger Berman Group LLC's holdings in TransCanada were worth $13,554,000 at the end of the most recent reporting period.

Several other brokerages have also commented on TRP. In the last 90 days, insiders sold 1,444 shares of company stock valued at $92,047. Quantbot Technologies LP acquired a new stake in shares of TransCanada in the third quarter valued at approximately $178,000. Finally, Voya Investment Management LLC increased its holdings in shares of TransCanada by 0.4% in the 2nd quarter.

Nexus Investment Management Inc. grew its stake in TransCanada Co. Inc. increased its holdings in TransCanada by 2.0% during the 2nd quarter. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. GSA Capital Partners LLP acquired a new stake in shares of TransCanada in the third quarter valued at approximately $214,000. Institutional investors own 56.86% of the company's stock.

A number of equities research analysts recently weighed in on TRP shares. JPMorgan Chase & Co. initiated coverage on TransCanada in a report on Thursday, October 5th.

TransCanada (NYSE:TRP)'s stock was raised to a solid Overweight by professional analysts at Morgan Stanley.

In trading on Wednesday, shares of TransCanada Corp (Symbol: TRP) crossed below their 200 day moving average of $48.64, changing hands as low as $48.17 per share. They set an "overweight" rating on the stock. TD Securities upgraded shares of TransCanada to a buy rating in a research note on Wednesday, November 29th. Finally, TheStreet cut shares of TransCanada from a "b" rating to a "c+" rating in a research report on Thursday, November 9th. The company presently has an average rating of "Buy" and an average price target of $59.25. About 1.84M shares traded or 82.54% up from the average. The company has a market capitalization of $41,990.00, a price-to-earnings ratio of 30.22, a P/E/G ratio of 1.99 and a beta of 0.66. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.51 and a quick ratio of 0.48. The company was maintained on Wednesday, July 20 by Goldman Sachs. Shareholders of record on Friday, December 29th will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.96 annualized dividend and a yield of 4.14%. TransCanada Corp shares are now trading down about 1.5% on the day.

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TransCanada Corporation operates as an energy infrastructure firm in North America. They are focused on natural gas transmission and power services. It operates through Canadian Natural Gas Pipelines, U.S. It has a 28.86 P/E ratio.