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NYSE:TCPTC Pipelines Stock Price, Forecast & News

+0.82 (+2.39 %)
(As of 06/3/2020 04:00 PM ET)
Today's Range
Now: $35.19
50-Day Range
MA: $33.33
52-Week Range
Now: $35.19
Volume361,598 shs
Average Volume525,859 shs
Market Capitalization$2.51 billion
P/E Ratio9.59
Dividend Yield7.56%
TC Pipelines LP engages in nautral gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The firm is managed by its general partner TC Pipelines GP, Inc., which is an indirect, wholly-owned subsidiary of TransCanada. The company was founded in 1998 and is headquartered in Houston, TX.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars

Industry, Sector and Symbol

Industry Natural gas transmission
Previous SymbolNASDAQ:TCLP



Sales & Book Value

Annual Sales$403 million
Cash Flow$5.28 per share
Book Value$10.66 per share


Net Income$280 million


Market Cap$2.51 billion
Next Earnings Date8/6/2020 (Estimated)

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TC Pipelines (NYSE:TCP) Frequently Asked Questions

How has TC Pipelines' stock been impacted by COVID-19 (Coronavirus)?

TC Pipelines' stock was trading at $34.28 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TCP shares have increased by 2.7% and is now trading at $35.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TC Pipelines?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Pipelines in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TC Pipelines.

When is TC Pipelines' next earnings date?

TC Pipelines is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for TC Pipelines.

How were TC Pipelines' earnings last quarter?

TC Pipelines, LP (NYSE:TCP) posted its quarterly earnings data on Wednesday, May, 6th. The pipeline company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.27 by $0.06. The pipeline company earned $101 million during the quarter, compared to analyst estimates of $166.87 million. TC Pipelines had a net margin of 70.08% and a return on equity of 36.72%. The firm's quarterly revenue was down 10.6% on a year-over-year basis. View TC Pipelines' earnings history.

How often does TC Pipelines pay dividends? What is the dividend yield for TC Pipelines?

TC Pipelines declared a quarterly dividend on Tuesday, April 21st. Investors of record on Friday, May 1st will be given a dividend of $0.65 per share on Tuesday, May 12th. This represents a $2.60 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Thursday, April 30th. View TC Pipelines' dividend history.

What price target have analysts set for TCP?

9 brokers have issued 1-year target prices for TC Pipelines' shares. Their forecasts range from $32.00 to $48.00. On average, they anticipate TC Pipelines' stock price to reach $42.33 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View analysts' price targets for TC Pipelines.

Has TC Pipelines been receiving favorable news coverage?

News articles about TCP stock have been trending very negative recently, according to InfoTrie. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TC Pipelines earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the pipeline company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutTC Pipelines.

Are investors shorting TC Pipelines?

TC Pipelines saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 792,800 shares, an increase of 8.4% from the April 30th total of 731,500 shares. Based on an average daily trading volume, of 670,800 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.5% of the company's shares are short sold. View TC Pipelines' Current Options Chain.

Who are some of TC Pipelines' key competitors?

What other stocks do shareholders of TC Pipelines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TC Pipelines investors own include CA (CA), Williams Partners (WPZ), BlackRock (BLK), Energy Transfer LP Unit (ET), Buckeye Partners (BPL), Endologix (ELGX), AT&T (T), Chipotle Mexican Grill (CMG), Verizon Communications (VZ) and Pfizer (PFE).

Who are TC Pipelines' key executives?

TC Pipelines' management team includes the following people:
  • Nathan A. Brown, President, Chief Executive Officer & Director
  • William Chuck Morris, Chief Financial Officer, Treasurer & VP
  • Janine Watson, Vice President & General Manager
  • Nancy F. Priemer, Vice President-Taxation
  • Rhonda L. Amundson, Manager-Investor Relations

What is TC Pipelines' stock symbol?

TC Pipelines trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCP."

Who are TC Pipelines' major shareholders?

TC Pipelines' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (9.81%), Invesco Ltd. (6.62%), Harvest Fund Advisors LLC (4.28%), UBS Group AG (2.87%), JPMorgan Chase & Co. (2.69%) and Ensign Peak Advisors Inc (2.41%).

Which institutional investors are selling TC Pipelines stock?

TCP stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Clearbridge Investments LLC, Kayne Anderson Capital Advisors LP, UBS Group AG, Morgan Stanley, Morgan Stanley, Infrastructure Capital Advisors LLC, and Wells Fargo & Company MN.

Which institutional investors are buying TC Pipelines stock?

TCP stock was bought by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., JPMorgan Chase & Co., Citigroup Inc., Alps Advisors Inc., Harvest Fund Advisors LLC, Ensign Peak Advisors Inc, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, and BlackRock Inc..

How do I buy shares of TC Pipelines?

Shares of TCP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is TC Pipelines' stock price today?

One share of TCP stock can currently be purchased for approximately $35.19.

How big of a company is TC Pipelines?

TC Pipelines has a market capitalization of $2.51 billion and generates $403 million in revenue each year. The pipeline company earns $280 million in net income (profit) each year or $3.74 on an earnings per share basis.

What is TC Pipelines' official website?

The official website for TC Pipelines is www.tcpipelineslp.com.

How can I contact TC Pipelines?

TC Pipelines' mailing address is 700 Louisiana Street Suite700, Houston TX, 77002. The pipeline company can be reached via phone at 877-290-2772 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff

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