Shares of Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) reached a new 52-week high on Monday . The company traded as high as C$60.95 and last traded at C$60.93, with a volume of 818872 shares traded. The stock had previously closed at C$60.20.
A number of research firms have recently weighed in on TRP. TD Securities decreased their price target on shares of Tc Pipelines from C$74.00 to C$73.00 in a research report on Friday, February 15th. JPMorgan Chase & Co. decreased their price target on shares of Tc Pipelines from C$69.00 to C$68.00 in a research report on Friday, February 1st. Bank of America decreased their price target on shares of Tc Pipelines from C$62.00 to C$57.00 in a research report on Monday, December 10th. National Bank Financial decreased their price target on shares of Tc Pipelines from C$65.00 to C$61.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 23rd. Finally, UBS Group raised their price target on shares of Tc Pipelines from C$57.00 to C$58.00 in a research report on Monday, January 28th.
The stock has a market capitalization of $56.10 billion and a price-to-earnings ratio of 15.49. The company has a debt-to-equity ratio of 162.15, a quick ratio of 0.30 and a current ratio of 0.40.
Tc Pipelines (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, February 14th. The company reported C$1.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.93 by C$0.10. The business had revenue of C$3.90 billion during the quarter. Research analysts anticipate that Tc Pipelines Lp will post 3.82999989774737 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Thursday, March 28th. This is an increase from Tc Pipelines’s previous quarterly dividend of $0.69. Tc Pipelines’s payout ratio is currently 70.41%.
In other Tc Pipelines news, Senior Officer G. Glenn Menuz sold 7,500 shares of Tc Pipelines stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of C$57.00, for a total value of C$427,500.00. Following the completion of the transaction, the insider now owns 10,703 shares of the company’s stock, valued at C$610,071. Also, Director Paul E. Miller sold 12,100 shares of Tc Pipelines stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$61.00, for a total transaction of C$738,100.00. Following the completion of the transaction, the director now directly owns 32,944 shares of the company’s stock, valued at approximately C$2,009,584. In the last ninety days, insiders sold 38,552 shares of company stock valued at $2,293,852.
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Tc Pipelines Company Profile (TSE:TRP)
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 plants, industrial facilities, interconnecting pipelines, and other businesses.
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