Catalyst Capital Advisors LLC lowered its holdings in TransCanada Co. (NYSE:TRP) (TSE:TRP) by 13.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,734 shares of the pipeline company’s stock after selling 19,751 shares during the period. Catalyst Capital Advisors LLC’s holdings in TransCanada were worth $6,359,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Advisor Group Inc. grew its holdings in shares of TransCanada by 30.4% in the second quarter. Advisor Group Inc. now owns 3,002 shares of the pipeline company’s stock valued at $143,000 after purchasing an additional 699 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of TransCanada in the third quarter valued at approximately $178,000. MHI Funds LLC acquired a new position in shares of TransCanada in the fourth quarter valued at approximately $208,000. GSA Capital Partners LLP acquired a new position in shares of TransCanada in the third quarter valued at approximately $214,000. Finally, FDx Advisors Inc. acquired a new position in shares of TransCanada in the third quarter valued at approximately $221,000. Hedge funds and other institutional investors own 57.19% of the company’s stock.

TransCanada Co. (NYSE TRP) opened at $42.75 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68. TransCanada Co. has a twelve month low of $41.24 and a twelve month high of $51.85. The company has a market cap of $37,720.00, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.60.

TransCanada (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.63 by $0.12. TransCanada had a net margin of 14.40% and a return on equity of 11.99%. equities analysts forecast that TransCanada Co. will post 2.33 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of TransCanada in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of TransCanada from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, January 11th. Morgan Stanley lifted their price objective on shares of TransCanada from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. TD Securities upgraded shares of TransCanada to a “buy” rating in a report on Wednesday, November 29th. Finally, TheStreet cut shares of TransCanada from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. TransCanada currently has a consensus rating of “Buy” and a consensus price target of $57.25.

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TransCanada Company Profile

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

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Institutional Ownership by Quarter for TransCanada (NYSE:TRP)

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