Tc Pipelines Lp (TRP) Director Acquires C$49,562.50 in Stock

Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) Director Richard Prior bought 1,250 shares of the stock in a transaction on Wednesday, November 7th. The shares were purchased at an average price of C$39.65 per share, with a total value of C$49,562.50.

Shares of TSE TRP opened at C$51.32 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.40 and a debt-to-equity ratio of 160.48. Tc Pipelines Lp has a fifty-two week low of C$48.92 and a fifty-two week high of C$65.18.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Friday, December 28th. Tc Pipelines’s payout ratio is 79.73%.

TRP has been the subject of several analyst reports. CIBC raised their price objective on Tc Pipelines from C$73.00 to C$74.00 in a report on Friday, November 2nd. BMO Capital Markets restated an “outperform” rating and issued a C$69.00 price objective on shares of Tc Pipelines in a report on Wednesday, October 3rd. Finally, TD Securities raised their price objective on Tc Pipelines from C$73.00 to C$74.00 in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$69.22.

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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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