Addenda Capital buys $43,211,406 stake in TransCanada Corporation (USA) (TRP)

TransCanada Corporation (USA) (TRP) : Addenda Capital scooped up 3,340 additional shares in TransCanada Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 902,871 shares of TransCanada Corporation (USA) which is valued at $43,211,406.TransCanada Corporation (USA) makes up approximately 3.39% of Addenda Capital’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in TRP in the latest quarter, The investment management firm added 1,568,417 additional shares and now holds a total of 15,054,588 shares of TransCanada Corporation (USA) which is valued at $720,512,582. TransCanada Corporation (USA) makes up approx 0.04% of Vanguard Group Inc’s portfolio.Bruderman Asset Management boosted its stake in TRP in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 321 shares of TransCanada Corporation (USA) which is valued at $15,058. Spot Trading L.l.c sold out all of its stake in TRP during the most recent quarter. The investment firm sold 482 shares of TRP which is valued $22,268.Mai Capital Management reduced its stake in TRP by selling 4,124 shares or 16.48% in the most recent quarter. The Hedge Fund company now holds 20,906 shares of TRP which is valued at $975,892. TransCanada Corporation (USA) makes up approx 0.08% of Mai Capital Management’s portfolio.

TransCanada Corporation (USA) closed down -0.2 points or -0.42% at $47.64 with 4,34,447 shares getting traded on Friday. Post opening the session at $47.67, the shares hit an intraday low of $47.28 and an intraday high of $47.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, TransCanada Corporation (USA) reported $0.52 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.52. The company had revenue of $2751.00 million for the quarter, compared to analysts expectations of $2579.00 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Investors should note that on Jul 28, 2016, TransCanada Corporation (USA) announced a cash dividend of $0.5650. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 2016.

Many Wall Street Analysts have commented on TransCanada Corporation (USA). TransCanada Corporation (USA) was Resumed by Goldman to “Buy” on Jul 20, 2016.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of its respective natural gas and liquids pipelines in Canada the United States and Mexico as well as its regulated natural gas storage operations in the United States. Its natural gas pipeline network transports natural gas to local distribution companies power generation facilities and other businesses across Canada the United States and Mexico. Its existing liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois Oklahoma and Texas as well as connecting the United States crude oil supplies from the Cushing Oklahoma hub to refining markets in the United States Gulf Coast. Energy includes its power operations and the non-regulated natural gas storage business in Canada.

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