TransCanada Corporation (USA) (TRP) : Tradelink Capital added new position in TransCanada Corporation (USA) during the most recent quarter end. The investment management firm now holds 38,810 shares of TransCanada Corporation (USA) which is valued at $1,793,022 , the company said in a statement filed on Aug 1, 2016 with the SEC.TransCanada Corporation (USA) makes up approximately 8.30% of Tradelink Capital’s portfolio.
Other Hedge Funds, Including , Taylor Asset Management Inc sold out all of its stake in TRP during the most recent quarter. The investment firm sold 50,000 shares of TRP which is valued $2,255,500.Davenport Co boosted its stake in TRP in the latest quarter, The investment management firm added 15,950 additional shares and now holds a total of 29,175 shares of TransCanada Corporation (USA) which is valued at $1,364,515. TransCanada Corporation (USA) makes up approx 0.02% of Davenport Co’s portfolio.Creative Planning reduced its stake in TRP by selling 2,543 shares or 22.33% in the most recent quarter. The Hedge Fund company now holds 8,847 shares of TRP which is valued at $413,774.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) opened for trading at $46.19 and hit $46.65 on the upside on Thursday, eventually ending the session at $46.5, with a gain of 0.65% or 0.3 points. The heightened volatility saw the trading volume jump to 6,92,689 shares. Company has a market cap of $37,200 M.
On the company’s financial health, TransCanada Corporation (USA) reported $0.52 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.52. The company had revenue of $2751.00 million for the quarter, compared to analysts expectations of $2579.00 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on TransCanada Corporation (USA). TransCanada Corporation (USA) was Resumed by Goldman to “Buy” on Jul 20, 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.