The Heathbridge Capital Management Ltd. Has $31,682,000 Stake in TransCanada Corp. (TRP)

The Heathbridge Capital Management Ltd. Has $31,682,000 Stake in TransCanada Corp. (TRP)

Heathbridge Capital Management Ltd. decreased its position in shares of TransCanada Corp. (NYSE:TRP) (TSE:TRP) by 0.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,950 shares of the company’s stock after selling 100 shares during the period. TransCanada Corp. accounts for approximately 8.3% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its largest position. Heathbridge Capital Management Ltd. owned 0.08% of TransCanada Corp. worth $31,682,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Integrated Wealth Management raised its stake in shares of TransCanada Corp. by 9.1% in the second quarter. Integrated Wealth Management now owns 2,228 shares of the company’s stock worth $101,000 after buying an additional 186 shares in the last quarter. Forte Capital LLC ADV raised its stake in shares of TransCanada Corp. by 0.6% in the third quarter. Forte Capital LLC ADV now owns 47,003 shares of the company’s stock worth $2,235,000 after buying an additional 300 shares in the last quarter. Parkwood LLC raised its stake in shares of TransCanada Corp. by 1.2% in the third quarter. Parkwood LLC now owns 33,436 shares of the company’s stock worth $1,590,000 after buying an additional 408 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of TransCanada Corp. by 5.2% in the second quarter. Baird Financial Group Inc. now owns 10,286 shares of the company’s stock worth $467,000 after buying an additional 504 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in shares of TransCanada Corp. by 5.5% in the third quarter. Commonwealth Equity Services Inc now owns 12,045 shares of the company’s stock worth $573,000 after buying an additional 633 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

TransCanada Corp. (NYSE:TRP) opened at 46.74 on Thursday. The stock’s market cap is $37.39 billion. TransCanada Corp. has a one year low of $29.71 and a one year high of $48.52. The firm’s 50-day moving average is $45.57 and its 200 day moving average is $46.07.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th will be issued a dividend of $0.4221 per share. The ex-dividend date is Wednesday, December 28th. This represents a $1.69 annualized dividend and a dividend yield of 3.61%. TransCanada Corp.’s dividend payout ratio (DPR) is currently -81.16%.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of TransCanada Corp. from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research note on Thursday, January 5th. Scotiabank reiterated an “outperform” rating and issued a $69.00 price target on shares of TransCanada Corp. in a research note on Friday, December 16th. RBC Capital Markets reiterated an “outperform” rating and issued a $72.00 price target on shares of TransCanada Corp. in a research note on Tuesday, December 6th. GMP Securities upgraded shares of TransCanada Corp. from a “hold” rating to a “buy” rating in a research note on Monday, November 21st. Finally, Credit Suisse Group AG set a $70.00 price target on shares of TransCanada Corp. and gave the stock a “buy” rating in a research note on Saturday, November 19th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.77.

About TransCanada Corp.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.

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