Shares of Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) have been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $66.86.

A number of analysts have commented on the company. Scotiabank downgraded 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 stock a “buy” rating in a research report on Sunday, November 3rd. Citigroup raised their target price on Tc Pipelines from $73.00 to $75.00 in a research report on Saturday, November 2nd. Bank of America raised their target price on Tc Pipelines from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Credit Suisse Group set a $70.00 target price on Tc Pipelines and gave the stock a “hold” rating in a research report on Monday, October 21st.

Shares of TRP stock traded up $0.62 during mid-day trading on Friday, reaching $50.30. The stock had a trading volume of 103,390 shares, compared to its average volume of 1,207,560. The firm’s 50 day simple moving average is $51.23 and its 200 day simple moving average is $49.64. The company has a quick ratio of 0.40, a current ratio of 0.75 and a debt-to-equity ratio of 1.60. Tc Pipelines has a one year low of $34.58 and a one year high of $52.69. The firm has a market cap of $46.44 billion, a PE ratio of 16.85, a P/E/G ratio of 2.30 and a beta of 0.75.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.53%. This is a boost from Tc Pipelines’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, December 30th. Tc Pipelines’s dividend payout ratio (DPR) is currently 76.17%.

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its holdings in Tc Pipelines by 19.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,348 shares of the pipeline company’s stock valued at $662,000 after purchasing an additional 2,147 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Tc Pipelines by 115.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,334 shares of the pipeline company’s stock valued at $1,415,000 after buying an additional 14,663 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Tc Pipelines by 1.2% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,159,641 shares of the pipeline company’s stock valued at $504,736,000 after buying an additional 119,934 shares during the period. AXA increased its stake in shares of Tc Pipelines by 2.9% in the 2nd quarter. AXA now owns 183,926 shares of the pipeline company’s stock valued at $9,108,000 after buying an additional 5,138 shares during the period. Finally, Bernicke Wealth Management Ltd. increased its stake in shares of Tc Pipelines by 6.3% in the 2nd quarter. Bernicke Wealth Management Ltd. now owns 20,563 shares of the pipeline company’s stock valued at $1,018,000 after buying an additional 1,227 shares during the period. 58.98% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Tc Pipelines (NYSE:TRP)

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