Tc Pipelines Lp (TRP) Insider Sells C$11,072.00 in Stock

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.

ILLEGAL ACTIVITY WARNING: “Tc Pipelines Lp (TRP) Insider Sells C$11,072.00 in Stock” was posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at

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.

Recommended Story: Earnings Reports

Insider Buying and Selling by Quarter for Tc Pipelines (TSE:TRP)

Receive News & Ratings for Tc Pipelines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tc Pipelines and related companies with's FREE daily email newsletter.

Leave a Reply