Economy

Transcanada Corp (TRP) Position Maintained by Viking Fund Management Llc

The hedge fund held 1.12 million shares of the natural gas distribution company at the end of 2016Q4, valued at $50.71M, up from 923,225 at the end of the previous reported quarter. Insys Therapeutics had 17 analyst reports since August 4, 2015 according to SRatingsIntel. It also reduced its holding in Williams Partners LP New (ACMP) by 717,373 shares in the quarter, leaving it with 18.40M shares, and cut its stake in Colony Cap Inc (NYSE:CLNY). TransCanada Corporation earned a news impact score of 0.12 on Accern's scale. Janney Montgomery Scott LLC now owns 46,013 shares of the pipeline company's stock worth $2,124,000 after purchasing an additional 2,413 shares during the period. IL increased its position in shares of TransCanada Corporation by 2.1% during the 2nd quarter. Exane Derivatives now owns 4,018 shares of the pipeline company's stock valued at $192,000 after buying an additional 3,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in TransCanada Corporation by 0.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of TransCanada Corporation by 0.5% during the 2nd quarter.

Chou Associates Management Inc, which manages about $312.74 million US Long portfolio, upped its stake in Valeant Pharmaceuticals Intl (NYSE:VRX) by 514,000 shares to 1.96 million shares, valued at $28.47 million in 2016Q4, according to the filing. TD Asset Management Inc. grew its stake in TransCanada Corporation by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 887,205 shares of the pipeline company's stock worth $40,771,000 after purchasing an additional 116,746 shares during the period.

Large investors have recently modified their holdings of the company. (NYSE:TRP) (TSE:TRP) have received a consensus rating of "Buy" from the eleven analysts that are now covering the firm, Marketbeat reports. The firm has "Outperform" rating given on Wednesday, December 21 by RBC Capital Markets. Wolfe Research reiterated an "outperform" rating and issued a $53.00 target price on shares of TransCanada Corporation in a report on Friday, May 12th. BMO Capital Markets boosted their target price on shares of TransCanada Corporation from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, July 31st. The stock has "Buy" rating by Citigroup on Thursday, March 31. The company has an average rating of "Buy" and an average price target of $66.43.

Shares of TransCanada (NYSE:TRP) traded up 0.10% during midday trading on Wednesday, hitting $50.85. TransCanada Corporation has a one year low of $42.69 and a one year high of $51.81. The company has a 50-day moving average of $50.42 and a 200-day moving average of $47.81.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. The stock increased 0.81% or $0.07 on September 1, reaching $8.66. This represents a $2.00 annualized dividend and a yield of 3.97%. More interesting news about TransCanada Corporation (USA) (NYSE:TRP) were released by: Fool.ca and their article: "TransCanada Corporation Continues to Post Strong Earnings With its Latest Quarter" published on July 29, 2017 as well as Fool.ca's news article titled: "RRSP Investors: Should TransCanada Corporation Be in Your Dividend Portfolio?" with publication date: May 10, 2017. TransCanada Corporation's dividend payout ratio is presently 215.12%.

COPYRIGHT VIOLATION WARNING: This article was first published by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another domain, it was stolen and republished in violation of U.S. and global trademark and copyright law. Kayne Anderson Capital Advisors Lp who had been investing in Transcanada Corp for a number of months, seems to be bullish on the $44.40 billion market cap company. TransCanada operates a network of natural gas pipelines that extends more than 91,500 kilometres (56,900 miles), tapping into virtually all major gas supply basins in North America. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy.



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