Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) insider Lee G. Hobbs sold 200 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of C$55.36, for a total value of C$11,072.00.
TRP stock traded down C$1.42 on Thursday, reaching C$53.90. The company’s stock had a trading volume of 2,301,123 shares, compared to its average volume of 2,014,467. Tc Pipelines Lp has a 12-month low of C$48.92 and a 12-month high of C$63.29. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 159.12.
Tc Pipelines (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 1st. The company reported C$1.00 EPS for the quarter, topping analysts’ consensus estimates of C$0.77 by C$0.23. The business had revenue of C$3.16 billion during the quarter. Equities analysts anticipate that Tc Pipelines Lp will post 3.82000004303834 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 31st will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, December 28th. Tc Pipelines’s payout ratio is 72.88%.
A number of analysts recently commented on the company. CIBC dropped their price target on Tc Pipelines from C$74.00 to C$69.00 in a research note on Monday, November 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$69.00 price target on shares of Tc Pipelines in a research note on Wednesday, October 3rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$67.75.
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Tc Pipelines Company Profile
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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