Transcananda Pipelines (NYSE:TRP).
Frontier Investment Mgmt Co increased its investment in Transcananda Pipelines by 3.6% in the quarter ending 09/30/2017. Its investment stood at $15,767,000 an increase of $1,090,000 according to the filing.
The following firms have recently changed their position in TRP. Bowen Hanes & Co Inc grew its holdings by buying 2,680 shares an increase of 22.0% as of 09/30/2017. Bowen Hanes & Co Inc controls 14,865 shares worth $735,000. The value of the position overall is up by 26.5%. Raymond James & Associates expanded its investment by buying 23,825 shares an increase of 54.6% in the quarter. Raymond James & Associates now holds 67,474 shares with a value of $3,337,000. The total value of its holdings increased 60.4%.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS divested its ownership by shedding 89,474 shares a decrease of 22.7% from 06/30/2017 to 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 305,240 shares valued at $15,088,000. The total value of its holdings decreased 19.8%.
On October 5, 2017 J P Morgan Chase & Co issued a report on TRP by announcing an initial rating of “Overweight”.
On September 22 analysts at Morgan Stanley updated its forecast on TRP setting a rating of “Equal Weight”. BMO Capital Markets raised the price target on July 31 changing the price objective from $72.00 to $73.00 with a “Outperform” recommendation.
In the market the company is trading down by 0.93% since yesterday’s close of 49.58. The company currently has a P/E ratio of 30.95 and market capitalization is 42.98B. In the latest earnings report the EPS was $1.59 with 874.33M shares currently outstanding.
Investors are feeling more bullish on shares of the company lately as inferred by the downtick in short interest. The stock recorded a fall in short interest of -3.68% as of October 13, 2017 from the last reporting period. Short shares fell 168,560 over that period. With short interest at 4,408,078 and short average daily volume at 659,987, days to cover is 7.0 and the percentage of shorted shares is 0.01% as of October 13.