American National Registered Investment Advisor Lowers stake in TransCanada Corporation (USA) (TRP)

TransCanada Corporation (USA) (TRP) : American National Registered Investment Advisor reduced its stake in TransCanada Corporation (USA) by 4.53% during the most recent quarter end. The investment management company now holds a total of 15,291 shares of TransCanada Corporation (USA) which is valued at $731,827 after selling 725 shares in TransCanada Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.TransCanada Corporation (USA) makes up approximately 0.33% of American National Registered Investment Advisor’s portfolio.

Other Hedge Funds, Including , Ingalls Snyder boosted its stake in TRP in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 8,607 shares of TransCanada Corporation (USA) which is valued at $411,931. TransCanada Corporation (USA) makes up approx 0.02% of Ingalls Snyder’s portfolio.First Trust Advisors Lp boosted its stake in TRP in the latest quarter, The investment management firm added 32,602 additional shares and now holds a total of 249,478 shares of TransCanada Corporation (USA) which is valued at $11,540,852. TransCanada Corporation (USA) makes up approx 0.04% of First Trust Advisors Lp’s portfolio.Baskin Financial Services boosted its stake in TRP in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 196,080 shares of TransCanada Corporation (USA) which is valued at $9,058,896. TransCanada Corporation (USA) makes up approx 2.46% of Baskin Financial Services’s portfolio. Manitou Investment Management Ltd. added TRP to its portfolio by purchasing 111,150 company shares during the most recent quarter which is valued at $5,151,803. TransCanada Corporation (USA) makes up approx 1.59% of Manitou Investment Management Ltd.’s portfolio.Seaward Management Limited Partnership reduced its stake in TRP by selling 1,000 shares or 9.88% in the most recent quarter. The Hedge Fund company now holds 9,125 shares of TRP which is valued at $411,629. TransCanada Corporation (USA) makes up approx 0.02% of Seaward Management Limited Partnership’s portfolio.

TransCanada Corporation (USA) closed down -0.22 points or -0.46% at $47.43 with 6,83,619 shares getting traded on Tuesday. Post opening the session at $47.66, the shares hit an intraday low of $47.37 and an intraday high of $47.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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