Sei Investments Co. reduced its position in TransCanada Co. (NYSE:TRP) (TSE:TRP) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,991 shares of the pipeline company’s stock after selling 2,937 shares during the period. Sei Investments Co.’s holdings in TransCanada were worth $8,754,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of TransCanada in the 3rd quarter valued at about $178,000. MHI Funds LLC purchased a new position in shares of TransCanada in the 4th quarter valued at approximately $208,000. GSA Capital Partners LLP purchased a new position in shares of TransCanada in the 3rd quarter valued at approximately $214,000. FDx Advisors Inc. purchased a new position in shares of TransCanada in the 3rd quarter valued at approximately $221,000. Finally, Private Advisor Group LLC purchased a new position in shares of TransCanada in the 3rd quarter valued at approximately $259,000. Institutional investors and hedge funds own 58.21% of the company’s stock.
TransCanada Co. (TRP) opened at $45.99 on Monday. The company has a market cap of $40,660.00, a P/E ratio of 23.11, a P/E/G ratio of 2.00 and a beta of 0.60. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.47 and a quick ratio of 0.44. TransCanada Co. has a 1 year low of $41.24 and a 1 year high of $51.85.
Several brokerages recently commented on TRP. TD Securities raised shares of TransCanada to a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley increased their price objective on shares of TransCanada from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. TheStreet lowered shares of TransCanada from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Bank of America began coverage on shares of TransCanada in a research report on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of TransCanada from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. TransCanada currently has a consensus rating of “Buy” and an average target price of $57.25.
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.
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