Barometer Capital Management buys $32,701,674 stake in TransCanada Corporation (USA) (TRP)

TransCanada Corporation (USA) (TRP) : Barometer Capital Management scooped up 239,850 additional shares in TransCanada Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 700,550 shares of TransCanada Corporation (USA) which is valued at $32,701,674.TransCanada Corporation (USA) makes up approximately 3.20% of Barometer Capital Management’s portfolio.

Other Hedge Funds, Including , Advocacy Wealth Management Services sold out all of its stake in TRP during the most recent quarter. The investment firm sold 150 shares of TRP which is valued $7,002. Beacon Financial Group sold out all of its stake in TRP during the most recent quarter. The investment firm sold 16,281 shares of TRP which is valued $761,462.Nexus Investment Management boosted its stake in TRP in the latest quarter, The investment management firm added 11,300 additional shares and now holds a total of 371,790 shares of TransCanada Corporation (USA) which is valued at $17,187,852. TransCanada Corporation (USA) makes up approx 3.23% of Nexus Investment Management’s portfolio. Iowa State Bank added TRP to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $23,115. TransCanada Corporation (USA) makes up approx 0.01% of Iowa State Bank’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TRP by selling 2,156 shares or 15.68% in the most recent quarter. The Hedge Fund company now holds 11,592 shares of TRP which is valued at $535,898.

TransCanada Corporation (USA) closed down -0.58 points or -1.23% at $46.68 with 7,46,757 shares getting traded on Monday. Post opening the session at $47.14, the shares hit an intraday low of $46.49 and an intraday high of $47.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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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