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Transcanada (TRP) Holder Partners Group Holding Ag Has Lowered Stake by $13.36 Million as Shares Declined; Covanta Hldg (CVA) Holding Maintained by Raymond James Financial Services Advisors Inc

Raymond James Financial Services Advisors Inc increased its stake in Covanta Hldg Corp (CVA) by 33.33% based on its latest 2017Q3 regulatory filing with the SEC. Raymond James Financial Services Advisors Inc bought 119,049 shares as the company’s stock declined 11.25% while stock markets rallied. The institutional investor held 476,217 shares of the central company at the end of 2017Q3, valued at $7.07M, up from 357,168 at the end of the previous reported quarter. Raymond James Financial Services Advisors Inc who had been investing in Covanta Hldg Corp for a number of months, seems to be bullish on the $2.11 billion market cap company. It closed at $16.15 lastly. It is down 13.10% since February 21, 2017 and is downtrending. It has underperformed by 29.80% the S&P500.

Partners Group Holding Ag decreased its stake in Transcanada Corp (TRP) by 31.47% based on its latest 2017Q3 regulatory filing with the SEC. Partners Group Holding Ag sold 272,600 shares as the company’s stock declined 2.34% while stock markets rallied. The institutional investor held 593,700 shares of the natural gas distribution company at the end of 2017Q3, valued at $29.23 million, down from 866,300 at the end of the previous reported quarter. Partners Group Holding Ag who had been investing in Transcanada Corp for a number of months, seems to be less bullish one the $39.52 billion market cap company. The stock decreased 1.62% or $0.74 during the last trading session, reaching $45.01. About 1.65 million shares traded or 32.76% up from the average. TransCanada Corporation (NYSE:TRP) has risen 15.03% since February 21, 2017 and is uptrending. It has underperformed by 1.67% the S&P500.

Among 11 analysts covering Covanta (NYSE:CVA), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Covanta had 47 analyst reports since October 8, 2015 according to SRatingsIntel. The rating was upgraded by Stifel Nicolaus on Monday, July 31 to “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Friday, March 18. The stock of Covanta Holding Corporation (NYSE:CVA) has “Buy” rating given on Thursday, June 8 by Oppenheimer. The rating was maintained by BMO Capital Markets with “Outperform” on Monday, October 30. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, December 19. The stock has “Buy” rating by Oppenheimer on Tuesday, December 19. The stock of Covanta Holding Corporation (NYSE:CVA) has “Outperform” rating given on Thursday, December 3 by Oppenheimer. The company was initiated on Friday, March 3 by Goldman Sachs. Imperial Capital maintained the shares of CVA in report on Thursday, February 18 with “Outperform” rating. The rating was maintained by Robert W. Baird on Friday, September 1 with “Buy”.

Raymond James Financial Services Advisors Inc, which manages about $52.09 billion and $15.63B US Long portfolio, decreased its stake in Novo (NYSE:NVO) by 9,375 shares to 82,611 shares, valued at $3.98M in 2017Q3, according to the filing. It also reduced its holding in Wisdomtree Tr (HEDJ) by 78,977 shares in the quarter, leaving it with 86,602 shares, and cut its stake in Delphi Automotive Plc (NYSE:DLPH).

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. Scotia Capital maintained it with “Sector Perform” rating and $57 target in Tuesday, August 4 report. The company was initiated on Friday, October 23 by BMO Capital Markets. The rating was maintained by Wolfe Research on Monday, May 15 with “Outperform”. The firm has “Buy” rating given on Thursday, September 1 by Bank of America. The firm has “Neutral” rating by Goldman Sachs given on Friday, September 11. The firm has “Sector Outperform” rating given on Monday, December 7 by IBC. The rating was downgraded by Zacks to “Hold” on Tuesday, September 1. The stock of TransCanada Corporation (NYSE:TRP) earned “Equal-Weight” rating by Barclays Capital on Monday, May 2. The rating was initiated by Credit Suisse with “Outperform” on Friday, April 8. The stock of TransCanada Corporation (NYSE:TRP) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 17.

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 $658.45M for 15.00 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.

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