Jones Collombin Investment Counsel Inc Lowers stake in TransCanada Corporation (USA) (TRP)

TransCanada Corporation (USA) (TRP) : Jones Collombin Investment Counsel Inc reduced its stake in TransCanada Corporation (USA) by 2.29% during the most recent quarter end. The investment management company now holds a total of 362,924 shares of TransCanada Corporation (USA) which is valued at $15,057,717 after selling 8,508 shares in TransCanada Corporation (USA) , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.TransCanada Corporation (USA) makes up approximately 4.16% of Jones Collombin Investment Counsel Inc’s portfolio.

TransCanada Corporation (USA) opened for trading at $41.22 and hit $42.11 on the upside on Monday, eventually ending the session at $41.67, with a gain of 0.43% or 0.18 points. The heightened volatility saw the trading volume jump to 8,94,081 shares. Company has a market cap of $29,252 M.

Other Hedge Funds, Including , Burt Wealth Advisors added TRP to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $103,725. TransCanada Corporation (USA) makes up approx 0.09% of Burt Wealth Advisors’s portfolio. Miller Howard Investments Inc Ny added TRP to its portfolio by purchasing 10,151 company shares during the most recent quarter which is valued at $407,969. TransCanada Corporation (USA) makes up approx 0.01% of Miller Howard Investments Inc Ny’s portfolio.Advisory Services Network boosted its stake in TRP in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 1,214 shares of TransCanada Corporation (USA) which is valued at $48,791. TransCanada Corporation (USA) makes up approx 0.01% of Advisory Services Network’s portfolio.Seaward Management Limited Partnership reduced its stake in TRP by selling 1,200 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 10,125 shares of TRP which is valued at $406,924. TransCanada Corporation (USA) makes up approx 0.02% of Seaward Management Limited Partnership’s portfolio.Leavell Investment Management reduced its stake in TRP by selling 375 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 6,912 shares of TRP which is valued at $277,793. TransCanada Corporation (USA) makes up approx 0.04% of Leavell Investment Management’s portfolio.

On the company’s financial health, TransCanada Corporation (USA) reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.66. The company had revenue of $2547.00 million for the quarter, compared to analysts expectations of $2978.63 million. The company’s revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on TransCanada Corporation (USA). TransCanada Corporation (USA) was Resumed by Credit Suisse to “Outperform” on Apr 8, 2016. TransCanada Corporation (USA) was Upgraded by Citigroup to ” Buy” on Mar 30, 2016. TransCanada Corporation (USA) was Downgraded by Citigroup to ” Neutral” on Mar 11, 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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