Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) Director Tracy Robinson acquired 1,600 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average cost of C$53.75 per share, for a total transaction of C$86,000.00.
Shares of TSE TRP traded down C$0.42 during trading on Friday, reaching C$53.54. 4,515,859 shares of the company traded hands, compared to its average volume of 2,014,623. 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 Lp has a 52-week low of C$48.92 and a 52-week high of C$63.29.
Tc Pipelines (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 1st. The company reported C$1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.77 by C$0.23. The company had revenue of C$3.16 billion for the quarter. As a group, equities research analysts forecast that Tc Pipelines Lp will post 3.82000004303834 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Friday, December 28th. Tc Pipelines’s payout ratio is presently 72.88%.
A number of analysts have recently issued reports on TRP shares. CIBC dropped their price target on shares of Tc Pipelines from C$76.00 to C$73.00 in a report on Wednesday, October 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$69.00 price target on shares of Tc Pipelines in a report on Wednesday, October 3rd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$67.75.
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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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