TransCanada Corporation (USA) (TRP) was Initiated by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Sep 1, 2016.
Many Wall Street Analysts have commented on TransCanada Corporation (USA). TransCanada Corporation (USA) was Resumed by Goldman to “Buy” on Jul 20, 2016.
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.
TransCanada Corporation (USA) closed down -0.02 points or -0.04% at $46.23 with 5,60,643 shares getting traded on Monday. Post opening the session at $46.23, the shares hit an intraday low of $46.0499 and an intraday high of $46.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Jul 28, 2016, TransCanada Corporation (USA) announced a cash dividend of $0.5650. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 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.