Canada Pension Plan Investment Board Has Decreased Stake in Transcanada Com (TRP) by $330,897; New Jersey Better Educational Savings Trust Cut Its Stake in At&T (T) by $546,000 as Stock Declined

February 22, 2018 - By wolcottdaily

New Jersey Better Educational Savings Trust decreased its stake in At&T Inc (T) by 36.84% based on its latest 2017Q3 regulatory filing with the SEC. New Jersey Better Educational Savings Trust sold 14,000 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 24,000 shares of the telecommunications equipment company at the end of 2017Q3, valued at $940,000, down from 38,000 at the end of the previous reported quarter. New Jersey Better Educational Savings Trust who had been investing in At&T Inc for a number of months, seems to be less bullish one the $225.59 billion market cap company. The stock increased 1.20% or $0.437 during the last trading session, reaching $36.747. About 9.98M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 22, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Canada Pension Plan Investment Board decreased its stake in Transcanada Corp Com (TRP) by 7.64% based on its latest 2017Q3 regulatory filing with the SEC. Canada Pension Plan Investment Board sold 6,753 shares as the company’s stock declined 2.34% while stock markets rallied. The institutional investor held 81,667 shares of the natural gas distribution company at the end of 2017Q3, valued at $4.03M, down from 88,420 at the end of the previous reported quarter. Canada Pension Plan Investment Board who had been investing in Transcanada Corp Com for a number of months, seems to be less bullish one the $39.84B market cap company. The stock increased 0.04% or $0.02 during the last trading session, reaching $45.38. About 613,608 shares traded. TransCanada Corporation (NYSE:TRP) has risen 15.03% since February 22, 2017 and is uptrending. It has underperformed by 1.67% the S&P500.

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. TransCanada Corporation had 24 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Outperform” rating by BMO Capital Markets on Friday, October 23. As per Monday, December 7, the company rating was upgraded by IBC. The rating was downgraded by Zacks on Thursday, August 6 to “Hold”. The company was maintained on Monday, July 31 by BMO Capital Markets. The firm has “Buy” rating by TheStreet given on Saturday, August 15. Morgan Stanley upgraded the stock to “Buy” rating in Thursday, January 11 report. The stock has “Outperform” rating by Wolfe Research on Monday, May 15. The stock of TransCanada Corporation (NYSE:TRP) has “Overweight” rating given on Friday, February 9 by Morgan Stanley. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 4. The stock of TransCanada Corporation (NYSE:TRP) earned “Buy” rating by Bank of America on Thursday, September 1.

Canada Pension Plan Investment Board, which manages about $48.90B US Long portfolio, upped its stake in Colgate Palmolive Co Com (NYSE:CL) by 483,497 shares to 2.40 million shares, valued at $174.72M in 2017Q3, according to the filing. It also increased its holding in Teradata Corp Del Com (NYSE:TDC) by 476,100 shares in the quarter, for a total of 839,067 shares, and has risen its stake in Coeur Mng Inc Com New (NYSE:CDE).

Analysts await TransCanada Corporation (NYSE:TRP) to report earnings on May, 4. They expect $0.75 earnings per share, up 22.95% or $0.14 from last year’s $0.61 per share. TRP’s profit will be $658.46M for 15.13 P/E if the $0.75 EPS becomes a reality. After $0.65 actual earnings per share reported by TransCanada Corporation for the previous quarter, Wall Street now forecasts 15.38% EPS growth.

Analysts await AT&T Inc. (NYSE:T) to report earnings on April, 24. They expect $0.85 earnings per share, up 14.86% or $0.11 from last year’s $0.74 per share. T’s profit will be $5.22B for 10.81 P/E if the $0.85 EPS becomes a reality. After $0.78 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 8.97% EPS growth.

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