Shares of Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) have received an average rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$66.56.
Several equities research analysts have recently weighed in on TRP shares. CIBC reduced their price objective on Tc Pipelines from C$76.00 to C$73.00 in a research note on Wednesday, October 24th. Bank of America reduced their price objective on Tc Pipelines from C$62.00 to C$57.00 in a research note on Monday, December 10th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$69.00 price objective on shares of Tc Pipelines in a research note on Wednesday, October 3rd.
Shares of TSE TRP opened at C$53.86 on Friday. Tc Pipelines has a 12-month low of C$47.90 and a 12-month high of C$60.25. The company has a debt-to-equity ratio of 159.12, a quick ratio of 0.36 and a current ratio of 0.47.
Tc Pipelines (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, November 1st. The company reported C$1.00 EPS for the quarter, beating the consensus estimate of C$0.77 by C$0.23. The business had revenue of C$3.16 billion during the quarter. On average, equities analysts anticipate that Tc Pipelines will post 3.8599999655997 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.76 annualized dividend and a yield of 5.12%. Tc Pipelines’s dividend payout ratio (DPR) is currently 74.63%.
In other Tc Pipelines news, Director Richard Prior acquired 1,300 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of C$38.90 per share, for a total transaction of C$50,570.00. Also, Director Kristine Delkus sold 1,590 shares of Tc Pipelines stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of C$55.24, for a total value of C$87,831.60. Over the last 90 days, insiders have acquired 6,000 shares of company stock worth $280,320 and have sold 3,630 shares worth $197,792.
About Tc Pipelines
TransCanada 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 and individual facilities, interconnecting pipelines, and other businesses.
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