Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) insider Lee G. Hobbs sold 200 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of C$55.36, for a total transaction of C$11,072.00.
TRP opened at C$53.54 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 159.12. Tc Pipelines Lp has a twelve month low of C$48.92 and a twelve month high of C$63.29.
Tc Pipelines (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, November 1st. The company reported C$1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.77 by C$0.23. The firm had revenue of C$3.16 billion during the quarter. Research analysts predict that Tc Pipelines Lp will post 3.82000004303834 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.76 annualized dividend and a yield of 5.16%. Tc Pipelines’s dividend payout ratio (DPR) is presently 72.88%.
Several equities analysts recently weighed in on the stock. CIBC cut their price objective on shares of Tc Pipelines from C$76.00 to C$73.00 in a report on Wednesday, October 24th. BMO Capital Markets reiterated an “outperform” rating and issued a C$69.00 target price on shares of Tc Pipelines in a report on Wednesday, October 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target 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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