Shares of Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $53.25.
A number of research firms have recently commented on TRP. Zacks Investment Research downgraded Tc Pipelines from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Evercore ISI initiated coverage on Tc Pipelines in a research report on Tuesday, February 5th. They issued a $60.00 price target for the company. Goldman Sachs Group downgraded Tc Pipelines from a “neutral” rating to a “sell” rating in a research report on Thursday, January 3rd. ValuEngine downgraded Tc Pipelines from a “hold” rating to a “sell” rating in a research report on Friday, December 28th. Finally, Macquarie initiated coverage on Tc Pipelines in a research report on Thursday, January 24th. They issued a “neutral” rating for the company.
Shares of NYSE TRP traded up $0.01 during midday trading on Thursday, reaching $45.85. 9,656 shares of the stock traded hands, compared to its average volume of 1,192,069. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40. The company has a market capitalization of $42.32 billion, a P/E ratio of 15.39, a P/E/G ratio of 2.25 and a beta of 0.88. Tc Pipelines has a one year low of $34.58 and a one year high of $46.13.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a $0.571 dividend. The ex-dividend date is Thursday, March 28th. This is an increase from Tc Pipelines’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 4.98%. Tc Pipelines’s dividend payout ratio (DPR) is currently 76.51%.
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 plants, industrial facilities, interconnecting pipelines, and other businesses.
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