TC Pipelines, LP (NYSE:TCP) has received an average rating of “Hold” from the eleven analysts that are currently covering the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $54.75.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded TC Pipelines, from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, August 22nd. TheStreet downgraded TC Pipelines, from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Wells Fargo & Co. restated a “neutral” rating on shares of TC Pipelines, in a research note on Wednesday, November 9th.
A number of large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of TC Pipelines, during the third quarter valued at approximately $106,000. Hartford Financial Management Inc. purchased a new stake in shares of TC Pipelines, during the third quarter valued at approximately $131,000. First Manhattan Co. purchased a new stake in shares of TC Pipelines, during the third quarter valued at approximately $173,000. BlackRock Inc. boosted its stake in shares of TC Pipelines, by 11.5% in the third quarter. BlackRock Inc. now owns 3,426 shares of the company’s stock valued at $195,000 after buying an additional 352 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of TC Pipelines, during the second quarter valued at approximately $204,000.
Shares of TC Pipelines, (NYSE:TCP) opened at 54.61 on Tuesday. TC Pipelines, has a one year low of $34.25 and a one year high of $60.48. The firm has a market cap of $3.66 billion, a PE ratio of 187.02 and a beta of 0.73. The firm’s 50-day moving average price is $53.85 and its 200-day moving average price is $54.38.
TC Pipelines, (NYSE:TCP) last issued its earnings results on Friday, November 4th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The company earned $91 million during the quarter, compared to analyst estimates of $97.80 million. Equities research analysts expect that TC Pipelines, will post $3.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Tuesday, November 1st were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $3.76 annualized dividend and a yield of 6.89%.