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Last $39.88 USD
Change Today -0.77 / -1.89%
Volume 298.1K
As of 12:48 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

transcanada corp (TRP) Snapshot

Open
$39.95
Previous Close
$40.65
Day High
$40.14
Day Low
$39.68
52 Week High
09/19/14 - $58.40
52 Week Low
07/6/15 - $39.68
Market Cap
28.3B
Average Volume 10 Days
929.0K
EPS TTM
--
Shares Outstanding
708.9M
EX-Date
06/26/15
P/E TM
--
Dividend
$2.13
Dividend Yield
4.20%
Current Stock Chart for TRANSCANADA CORP (TRP)

transcanada corp (TRP) Details

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. The Natural Gas Pipelines segment owns and operates natural gas pipelines and regulated natural gas storage facilities. This segment transports natural gas to local distribution companies, power generation facilities, and other businesses. The Liquids Pipelines segment owns and operates Keystone pipeline system comprising 4,247 kilometers transporting crude oil from Hardisty, Alberta to Wood River and Patoka in Illinois; Cushing, Oklahoma; and Port Arthur, Texas. This segment also operates Cushing Marketlink that transports crude oil from the market hub at Cushing, Oklahoma to the U.S. Gulf Coast refining market. The Energy segment owns and operates 19 electrical power generation plants; and 2 non-regulated natural gas storage facilities in Alberta, Ontario, Québec, New Brunswick, New York, New England, and Arizona. This segment is involved in owning, controlling, or developing generation capacity powered by natural gas, nuclear, coal, hydro, wind, and solar assets. As of June 1, 2015, it operated a network of natural gas pipelines that covers approximately 68,000 kilometers; had approximately 368 billion cubic feet of storage capacity; and owned or had interests in approximately 10,900 megawatts of power generation. TransCanada Corporation was founded in 1951 and is headquartered in Calgary, Canada.

6,059 Employees
Last Reported Date: 02/13/15
Founded in 1951

transcanada corp (TRP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$1.3M
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$527.5K
Executive Vice-President and President of Nat...
Total Annual Compensation: C$537.5K
President of Development and Executive Vice P...
Total Annual Compensation: C$796.7K
Executive Vice-President of Corporate Service...
Total Annual Compensation: C$466.7K
Compensation as of Fiscal Year 2014.

transcanada corp (TRP) Key Developments

TransCanada Corporation Announces Floating Quarterly Dividend on Series 4 Shares for the Period Ending September 30, 2015

TransCanada Corporation announced that 5,466,595 of its 14,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion into floating-rate Cumulative Redeemable First Preferred Shares, Series 4 (Series 4 Shares). As a result of the conversion TransCanada has 8,533,405 Series 3 Shares and 5,466,595 Series 4 Shares issued and outstanding. The Series 3 Shares will continue to pay on a quarterly basis, for the five-year period beginning on June 30, 2015, as and when declared by the board of directors of TransCanada, a fixed dividend based on an annual fixed dividend rate of 2.152%. The Series 4 Shares will pay a floating quarterly dividend for the five-year period beginning on June 30, 2015, as and when declared by the Board of Directors of TransCanada. The floating quarterly dividend rate for the Series 4 Shares for the first quarterly floating rate period (being the period from June 30, 2015 to but excluding September 30, 2015) is 1.945% and will be reset every quarter.

TransCanada Corporation Receives National Energy Board Approval for King's North Connection Project

TransCanada Corporation has received approval from the National Energy Board, to proceed with the King's North Connection project as part of approximately CAD 500 million in pipeline and facility expansions within the Eastern Triangle portion of the Canadian Mainline system. The project will connect a portion of new Enbridge Gas Distribution pipeline facilities with TransCanada's existing Canadian Mainline system in Vaughan, Ontario. This cooperative strategy will optimize the provision of natural gas pipeline service required in the Greater Toronto Area while continuing to provide homes, businesses, schools and hospitals in Ontario and Eastern Canada with a safe and reliable source of natural gas. The King's North Connection project is part of the company's $12 billion of small-to-medium sized projects that are expected to enter service by 2017. Beyond 2017, the company continues to advance a number of growth initiatives, including $34 billion of commercially secured projects. Expanding existing facilities allows the company to continuously explore new ways to help producers reach their market. Construction of the King's North Connection project is expected to cost approximately $220 million and is anticipated to be in-service by third quarter 2016.

TransCanada Corp. Lays Off 185 People in Major Projects Department

TransCanada Corp. has laid off 185 people in its major projects department, most of them in Calgary. The jobs that were cut included about 100 full-time employees while the rest were contract workers. The company cut the positions as part of a restructuring to control costs and remain competitive.

 

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Industry Analysis

TRP

Industry Average

Valuation TRP Industry Range
Price/Earnings 21.2x
Price/Sales 3.6x
Price/Book 2.1x
Price/Cash Flow 10.5x
TEV/Sales NM Not Meaningful
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