Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $47.99 and last traded at $48.06, with a volume of 108518 shares trading hands. The stock had previously closed at $47.35.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Tc Pipelines from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, April 2nd. Industrial Alliance Securities reiterated a “buy” rating on shares of Tc Pipelines in a research note on Monday, April 8th. GMP Securities reiterated a “buy” rating and set a $71.00 price target on shares of Tc Pipelines in a research note on Tuesday, May 7th. Macquarie initiated coverage on Tc Pipelines in a research note on Thursday, January 24th. They set a “neutral” rating for the company. Finally, Evercore ISI initiated coverage on Tc Pipelines in a research report on Tuesday, February 5th. They set a $60.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.17.
The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $43.73 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 3.13 and a beta of 0.89.
Tc Pipelines (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, February 14th. The pipeline company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.33. Tc Pipelines had a return on equity of 13.72% and a net margin of 28.60%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Tc Pipelines Lp will post 2.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a $0.56 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.24 annualized dividend and a yield of 4.69%. Tc Pipelines’s dividend payout ratio (DPR) is 75.17%.
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About Tc Pipelines (NYSE:TRP)
TC Energy 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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