Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $65.50.
Several research firms have issued reports on TRP. TD Securities cut shares of Tc Pipelines to a “buy” rating in a research note on Monday, November 4th. Evercore ISI reiterated a “hold” rating and issued a $60.00 price target on shares of Tc Pipelines in a research note on Wednesday, November 20th. ValuEngine raised shares of Tc Pipelines from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. CIBC set a $73.00 price objective on shares of Tc Pipelines and gave the company a “buy” rating in a research report on Sunday, November 3rd. Finally, Credit Suisse Group set a $70.00 price objective on shares of Tc Pipelines and gave the company a “hold” rating in a research report on Monday, October 21st.
Hedge funds have recently bought and sold shares of the business. Garrett Wealth Advisory Group LLC purchased a new position in shares of Tc Pipelines in the third quarter worth approximately $29,000. Quest Capital Management Inc. ADV purchased a new position in shares of Tc Pipelines during the 3rd quarter worth $29,000. Global Retirement Partners LLC purchased a new position in shares of Tc Pipelines during the 3rd quarter worth $33,000. Kistler Tiffany Companies LLC purchased a new position in shares of Tc Pipelines during the 3rd quarter worth $37,000. Finally, NEXT Financial Group Inc grew its position in shares of Tc Pipelines by 32.1% during the 3rd quarter. NEXT Financial Group Inc now owns 847 shares of the pipeline company’s stock valued at $44,000 after acquiring an additional 206 shares during the period. 63.20% of the stock is currently owned by institutional investors.
Shares of TRP stock traded up $0.02 during mid-day trading on Tuesday, hitting $50.75. The company’s stock had a trading volume of 995,391 shares, compared to its average volume of 932,733. Tc Pipelines has a 52-week low of $34.58 and a 52-week high of $52.69. The business has a 50-day moving average price of $50.90 and a 200 day moving average price of $50.13. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.71 and a current ratio of 0.75. The stock has a market cap of $47.38 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.36 and a beta of 0.76.
Tc Pipelines (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.76 by $0.03. Tc Pipelines had a return on equity of 14.12% and a net margin of 29.37%. The company had revenue of $2.37 billion for the quarter. Equities research analysts predict that Tc Pipelines will post 3.07 EPS for the current fiscal year.
The company also recently disclosed 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 represents a $2.28 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Monday, December 30th. This is a boost from Tc Pipelines’s previous quarterly dividend of $0.57. Tc Pipelines’s dividend payout ratio is 76.17%.
Tc Pipelines Company Profile
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.
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