TransCanada Corporation (USA) (TRP) : Dorchester Wealth Management Co reduced its stake in TransCanada Corporation (USA) by 0.46% during the most recent quarter end. The investment management company now holds a total of 172,579 shares of TransCanada Corporation (USA) which is valued at $6,935,950 after selling 796 shares in TransCanada Corporation (USA) , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.TransCanada Corporation (USA) makes up approximately 2.54% of Dorchester Wealth Management Co’s portfolio.
TransCanada Corporation (USA) closed down -0.52 points or -1.28% at $40.19 with 8,82,445 shares getting traded on Friday. Post opening the session at $40.83, the shares hit an intraday low of $40.13 and an intraday high of $41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Van Cleef Asset Managementinc reduced its stake in TRP by selling 850 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 11,035 shares of TRP which is valued at $443,497. TransCanada Corporation (USA) makes up approx 0.16% of Van Cleef Asset Managementinc’s portfolio. Gierl Augustine Investment Management Inc added TRP to its portfolio by purchasing 124 company shares during the most recent quarter which is valued at $4,855. Simplex Trading sold out all of its stake in TRP during the most recent quarter. The investment firm sold 8,082 shares of TRP which is valued $316,410.
On the company’s financial health, TransCanada Corporation (USA) reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.61. The company had revenue of $2851.00 million for the quarter, compared to analysts expectations of $2886.40 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 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.