Transcanada Corp (TRP) Holder Jones Collombin Investment Counsel INC Has Lowered Stake by $3.48 Million as Market Value Declined

June 19, 2017 - By Peter Erickson

Jones Collombin Investment Counsel Inc decreased its stake in Transcanada Corp (TRP) by 23.42% based on its latest 2016Q4 regulatory filing with the SEC. Jones Collombin Investment Counsel Inc sold 77,392 shares as the company’s stock declined 2.34% while stock markets rallied. The institutional investor held 253,032 shares of the natural gas distribution company at the end of 2016Q4, valued at $11.40M, down from 330,424 at the end of the previous reported quarter. Jones Collombin Investment Counsel Inc who had been investing in Transcanada Corp for a number of months, seems to be less bullish one the $42.55B market cap company. The stock rose 0.40% or $0.19 reaching $48.2. About 168,764 shares traded. TransCanada Corporation (USA) (NYSE:TRP) has risen 15.03% since June 19, 2016 and is uptrending. It has underperformed by 1.67% the S&P500.

More notable recent TransCanada Corporation (USA) (NYSE:TRP) news were published by: Fool.ca which released: “RRSP Investors: Should TransCanada Corporation Be in Your Dividend Portfolio?” on May 10, 2017, also Schaeffersresearch.com with their article: “5 Key Technical Levels to Watch On TransCanada Corporation (USA) (TRP)” published on January 30, 2017, Fool.ca published: “Better Buy: TransCanada Corporation vs. Inter Pipeline Ltd.” on April 07, 2017. More interesting news about TransCanada Corporation (USA) (NYSE:TRP) were released by: Fool.ca and their article: “TransCanada Corporation: Should You Buy Before Trump Takes Office?” published on January 18, 2017 as well as Fool.ca‘s news article titled: “TransCanada Corporation Just Gave Investors a Big Raise: There’s More Where …” with publication date: February 21, 2017.

TransCanada Corporation (USA) (NYSE:TRP) Ratings Coverage

Among 12 analysts covering TransCanada Corporation (NYSE:TRP), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. TransCanada Corporation had 19 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Thursday, September 1 by Bank of America. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, November 4. The stock of TransCanada Corporation (USA) (NYSE:TRP) earned “Sector Outperform” rating by IBC on Monday, December 7. The stock of TransCanada Corporation (USA) (NYSE:TRP) earned “Outperform” rating by Macquarie Research on Wednesday, December 2. Wolfe Research maintained the stock with “Outperform” rating in Monday, May 15 report. The rating was maintained by Barclays Capital on Monday, May 2 with “Equal-Weight”. On Saturday, August 15 the stock rating was downgraded by TheStreet to “Buy”. As per Tuesday, December 15, the company rating was initiated by JP Morgan. The stock of TransCanada Corporation (USA) (NYSE:TRP) has “Neutral” rating given on Friday, September 11 by Goldman Sachs. The firm earned “Buy” rating on Thursday, March 31 by Citigroup.

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