Guggenheim Capital LLC Acquires 37,633 Shares of TransCanada Co. (TRP)

Guggenheim Capital LLC increased its holdings in shares of TransCanada Co. (NYSE:TRP) (TSE:TRP) by 107.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,652 shares of the pipeline company’s stock after buying an additional 37,633 shares during the period. Guggenheim Capital LLC’s holdings in TransCanada were worth $3,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in TransCanada by 44.2% during the 3rd quarter. Wells Fargo & Company MN now owns 783,294 shares of the pipeline company’s stock worth $38,719,000 after acquiring an additional 239,982 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in TransCanada by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 453,479 shares of the pipeline company’s stock worth $22,414,000 after acquiring an additional 19,403 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in TransCanada by 461.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 27,280 shares of the pipeline company’s stock worth $1,348,000 after acquiring an additional 22,421 shares in the last quarter. Caxton Associates LP acquired a new position in TransCanada during the 3rd quarter worth approximately $5,649,000. Finally, Financial Counselors Inc. grew its holdings in TransCanada by 5.2% during the 4th quarter. Financial Counselors Inc. now owns 114,077 shares of the pipeline company’s stock worth $5,549,000 after acquiring an additional 5,661 shares in the last quarter. 58.84% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of TransCanada stock opened at $41.47 on Friday. TransCanada Co. has a 12-month low of $39.16 and a 12-month high of $51.85. The company has a quick ratio of 0.44, a current ratio of 0.47 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $36,013.16, a PE ratio of 17.42, a P/E/G ratio of 2.03 and a beta of 0.64.

TransCanada (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, February 15th. The pipeline company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. TransCanada had a net margin of 23.40% and a return on equity of 12.33%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.96 billion. research analysts expect that TransCanada Co. will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a $0.5486 dividend. This is a boost from TransCanada’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, March 28th. This represents a $2.19 annualized dividend and a dividend yield of 5.29%. TransCanada’s dividend payout ratio is presently 89.92%.

Several research analysts have commented on TRP shares. Morgan Stanley upgraded shares of TransCanada from an “equal weight” rating to an “overweight” rating and set a $54.00 price target for the company in a report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of TransCanada from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Saturday, January 20th. Bank of America started coverage on shares of TransCanada in a report on Tuesday, January 9th. They set a “buy” rating for the company. Edward Jones upgraded shares of TransCanada from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Finally, TheStreet upgraded shares of TransCanada from a “c+” rating to a “b” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.40.

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About TransCanada

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation and individual facilities, interconnecting pipelines, and other businesses.

Institutional Ownership by Quarter for TransCanada (NYSE:TRP)

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