Last C$55.12 CAD
Change Today -0.10 / -0.18%
Volume 2.4M
As of 4:00 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

transcanada corp (TRP) Snapshot

Open
C$55.41
Previous Close
C$55.22
Day High
C$55.42
Day Low
C$54.57
52 Week High
09/19/14 - C$63.86
52 Week Low
03/11/14 - C$48.67
Market Cap
39.1B
Average Volume 10 Days
2.8M
EPS TTM
C$2.41
Shares Outstanding
708.7M
EX-Date
03/27/15
P/E TM
22.8x
Dividend
C$2.08
Dividend Yield
3.48%
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 February 13, 2015, it operated a network of natural gas pipelines that covers approximately 68,500 kilometers; had approximately 400 billion cubic feet of storage capacity; and owned or had interests in approximately 11,900 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 and Direct...
Total Annual Compensation: C$1.3M
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$505.8K
Executive Vice-President and President of Nat...
Total Annual Compensation: C$473.3K
President of Development and Executive Vice P...
Total Annual Compensation: C$777.5K
Compensation as of Fiscal Year 2013.

transcanada corp (TRP) Key Developments

TransCanada Mulls To Divest Its Interest In US Natural Gas Pipelines

TransCanada Corp. (TSX:TRP) plans to divest its interest in US natural gas pipelines which include 44.5% in Iroquois; 61.7% in Portland; 100% in ANR; and 53.6% in Great Lakes, to TC PipeLines, LP (NYSE:TCP). TransCanada, through its subsidiaries, owns 28% stake in TC PipeLines, which aims to acquire, own and participate in the management of US natural gas pipelines and related assets.

Morgan Stanley Reportedly Seeks Bids for Southern Star Pipeline

Morgan Stanley Infrastructure Inc. is reported to be procuring buyer for Southern Star Central Corp. According to people familiar with the matter, Morgan Stanley Infrastructure has recently sent offering documents to a number of potential buyers which includes Tallgrass Energy Partners, LP (NYSE:TEP), TransCanada Corp. (TSX:TRP), The Williams Companies, Inc., Spectra Energy Corp. (NYSE:SE), Boardwalk Pipeline Partners, LP (NYSE:BWP), Caisse de dépôt et placement du Québec and Macquarie Group Limited (ASX:MQG). Tudor, Pickering, Holt & Co., LLC is reported to be the investment bank working with Morgan Stanley Infrastructure in the sale of Southern Star Central Corp. Representatives for Morgan Stanley, Caisse de Depot, and Boardwalk declined to comment while Tudor Pickering, TransCanada, Tallgrass, Spectra, and Williams didn’t respond to calls.

TransCanada Announces Amendments to By-Law

TransCanada's Board of Directors approved further amendments to By-law Number 1, removing the maximum notice period to submit a notice of director nominations to TransCanada, in accordance with the most recent recommended guidelines for advance notice provisions. The amendments to By-law Number 1 are effective immediately and shareholders will be asked to ratify and confirm the amendments at the next meeting of shareholders, as required by the Canada Business Corporations Act.

 

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Industry Analysis

TRP

Industry Average

Valuation TRP Industry Range
Price/Earnings 19.1x
Price/Sales 3.3x
Price/Book 2.0x
Price/Cash Flow 0.1x
TEV/Sales NM Not Meaningful
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