A. D. Beadell Investment Counsel Inc. continued to hold its stake in TransCanada Co. (NYSE:TRP) (TSE:TRP) during the first quarter, Holdings Channel reports. The firm owned 18,680 shares of the pipeline company’s stock at the end of the first quarter. A. D. Beadell Investment Counsel Inc.’s holdings in TransCanada were worth $862,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital Research Global Investors acquired a new stake in TransCanada during the third quarter valued at about $497,502,000. Norges Bank acquired a new stake in TransCanada during the fourth quarter valued at about $383,634,000. Energy Income Partners LLC acquired a new stake in TransCanada during the fourth quarter valued at about $232,534,000. Russell Investments Group Ltd. acquired a new stake in TransCanada during the fourth quarter valued at about $155,230,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in TransCanada by 188.9% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 4,263,000 shares of the pipeline company’s stock valued at $265,628,000 after buying an additional 2,787,400 shares during the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for TransCanada (NYSE:TRP)

TransCanada Co. (NYSE:TRP) traded down 0.57% during midday trading on Friday, hitting $46.90. The stock had a trading volume of 1,057,955 shares. The firm has a 50 day moving average of $46.40 and a 200 day moving average of $46.11. The firm has a market cap of $40.66 billion, a price-to-earnings ratio of 394.12 and a beta of 0.74. TransCanada Co. has a 52 week low of $39.13 and a 52 week high of $49.76.

TransCanada (NYSE:TRP) last posted its quarterly earnings data on Thursday, February 16th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.55 by $0.20. TransCanada had a positive return on equity of 11.71% and a negative net margin of 16.15%. The firm had revenue of $3.62 billion for the quarter. During the same period last year, the business earned $0.64 EPS. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts predict that TransCanada Co. will post $2.12 EPS for the current year.

The business also recently disclosed a dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This is an increase from TransCanada’s previous dividend of $0.43. TransCanada’s dividend payout ratio (DPR) is -81.16%.

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Several analysts recently issued reports on TRP shares. Zacks Investment Research raised shares of TransCanada from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research report on Thursday, January 5th. Credit Suisse Group AG reissued an “outperform” rating on shares of TransCanada in a research report on Friday, January 27th. Finally, Wells Fargo & Co started coverage on shares of TransCanada in a research report on Friday, March 31st. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. TransCanada has a consensus rating of “Buy” and a consensus price target of $62.38.

TransCanada Company Profile

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

5 Day Chart for NYSE:TRP

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