Shares of Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $66.86.
A number of equities analysts have issued reports on the company. Credit Suisse Group set a $70.00 target price on Tc Pipelines and gave the company a “hold” rating in a research report on Monday, October 21st. Scotiabank lowered Tc Pipelines from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 10th. CIBC set a $73.00 target price on Tc Pipelines and gave the company a “buy” rating in a research report on Sunday, November 3rd. Citigroup upped their target price on Tc Pipelines from $73.00 to $75.00 in a research report on Saturday, November 2nd. Finally, ValuEngine lowered Tc Pipelines from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.
Tc Pipelines stock traded up $0.62 during midday trading on Friday, hitting $50.30. 103,390 shares of the company were exchanged, compared to its average volume of 1,207,560. The company’s fifty day moving average price is $51.23 and its 200-day moving average price is $49.64. The company has a market cap of $46.44 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.30 and a beta of 0.75. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.75 and a quick ratio of 0.40. Tc Pipelines has a fifty-two week low of $34.58 and a fifty-two week high of $52.69.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.57 per share. This is a positive change from Tc Pipelines’s previous quarterly dividend of $0.57. This represents a $2.28 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, December 30th. Tc Pipelines’s dividend payout ratio is currently 76.17%.
Several hedge funds have recently bought and sold shares of TRP. Garrett Wealth Advisory Group LLC bought a new position in Tc Pipelines during the 3rd quarter worth $29,000. Quest Capital Management Inc. ADV bought a new position in Tc Pipelines during the 3rd quarter worth $29,000. Kistler Tiffany Companies LLC bought a new position in Tc Pipelines during the 3rd quarter worth $37,000. NEXT Financial Group Inc grew its stake in Tc Pipelines by 32.1% during the 3rd quarter. NEXT Financial Group Inc now owns 847 shares of the pipeline company’s stock worth $44,000 after buying an additional 206 shares during the last quarter. Finally, FTB Advisors Inc. grew its stake in Tc Pipelines by 240.0% during the 3rd quarter. FTB Advisors Inc. now owns 867 shares of the pipeline company’s stock worth $44,000 after buying an additional 612 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.
About Tc Pipelines
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.
See Also: What are gap-down stocks?
Receive News & Ratings for Tc Pipelines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tc Pipelines and related companies with MarketBeat.com's FREE daily email newsletter.