Heronetta Management buys $2,250,199 stake in TransCanada Corporation (USA) (TRP)

TransCanada Corporation (USA) (TRP) : Heronetta Management scooped up 5,000 additional shares in TransCanada Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 52,100 shares of TransCanada Corporation (USA) which is valued at $2,250,199.TransCanada Corporation (USA) makes up approximately 1.29% of Heronetta Management’s portfolio.

Other Hedge Funds, Including , Tcw Group Inc reduced its stake in TRP by selling 6,600 shares or 18.59% in the most recent quarter. The Hedge Fund company now holds 28,900 shares of TRP which is valued at $1,248,191. TransCanada Corporation (USA) makes up approx 0.01% of Tcw Group Inc’s portfolio.Advisor Group boosted its stake in TRP in the latest quarter, The investment management firm added 215 additional shares and now holds a total of 1,544 shares of TransCanada Corporation (USA) which is valued at $69,202.Baskin Financial Services boosted its stake in TRP in the latest quarter, The investment management firm added 3,912 additional shares and now holds a total of 199,992 shares of TransCanada Corporation (USA) which is valued at $9,083,637. TransCanada Corporation (USA) makes up approx 2.41% of Baskin Financial Services’s portfolio.Cwm reduced its stake in TRP by selling 200 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 100 shares of TRP which is valued at $4,604.

TransCanada Corporation (USA) closed down -0.09 points or -0.20% at $44.67 with 11,58,065 shares getting traded on Monday. Post opening the session at $44.77, the shares hit an intraday low of $44.56 and an intraday high of $44.85 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 $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.68. The company had revenue of $3632.00 million for the quarter, compared to analysts expectations of $3245.84 million. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Investors should note that on Nov 1, 2016, TransCanada Corporation (USA) announced a cash dividend of $0.5650. The company’s management has announced Dec 28, 2016 as the ex-dividend date and fixed the record date on Dec 30, 2016. The payable date has been fixed on Jan 31, 2017.

Many Wall Street Analysts have commented on TransCanada Corporation (USA). TransCanada Corporation (USA) was Initiated by BofA/Merrill to “Buy” on Sep 1, 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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