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NYSE:TCP

TC Pipelines Stock Forecast, Price & News

$28.26
+0.26 (+0.93 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$27.53
Now: $28.26
$28.37
50-Day Range
$27.78
MA: $31.19
$34.10
52-Week Range
$18.00
Now: $28.26
$44.65
Volume318,805 shs
Average Volume440,769 shs
Market Capitalization$2.02 billion
P/E Ratio7.64
Dividend Yield9.29%
Beta1.03
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: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.21 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
Previous SymbolNASDAQ:TCLP
CUSIPN/A
Phone877-290-2772

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$403 million
Cash Flow$5.12 per share
Book Value$10.66 per share

Profitability

Net Income$280 million

Miscellaneous

EmployeesN/A
Market Cap$2.02 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$28.26
+0.26 (+0.93 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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TC Pipelines (NYSE:TCP) Frequently Asked Questions

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

TC Pipelines' stock was trading at $34.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TCP stock has decreased by 17.6% and is now trading at $28.26.
View which stocks have been most impacted by COVID-19
.

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Pipelines in the last year. There are currently 3 hold ratings and 9 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, November 5th 2020.
View our earnings forecast for TC Pipelines
.

How were TC Pipelines' earnings last quarter?

TC Pipelines, LP (NYSE:TCP) announced its earnings results on Wednesday, August, 5th. The pipeline company reported $0.78 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.03. The pipeline company earned $95 million during the quarter, compared to analyst estimates of $107.83 million. TC Pipelines had a net margin of 70.48% and a return on equity of 36.30%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share.
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 Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of $0.65 per share on Friday, August 14th. This represents a $2.60 annualized dividend and a dividend yield of 9.20%. The ex-dividend date is Friday, July 31st.
View TC Pipelines' dividend history
.

What price target have analysts set for TCP?

12 brokers have issued 12-month target prices for TC Pipelines' shares. Their forecasts range from $32.00 to $52.00. On average, they expect TC Pipelines' share price to reach $42.80 in the next year. This suggests a possible upside of 51.5% from the stock's current price.
View analysts' price targets for TC Pipelines
.

Are investors shorting TC Pipelines?

TC Pipelines saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 619,700 shares, an increase of 8.6% from the August 15th total of 570,600 shares. Based on an average daily volume of 328,300 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.2% of the company's shares are short sold.
View TC Pipelines' Short Interest
.

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 BlackRock (BLK), CA (CA), AT&T (T), Williams Partners (WPZ), Verizon Communications (VZ), Energy Transfer LP Unit (ET), Pfizer (PFE), Intel (INTC), Enterprise Products Partners (EPD) and AbbVie (ABBV).

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 many different retail and institutional investors. Top institutional investors include Alps Advisors Inc. (9.21%), Blackstone Group Inc (4.28%), Goldman Sachs Group Inc. (3.44%), Ensign Peak Advisors Inc (2.87%), UBS Group AG (2.78%) and Brookfield Asset Management Inc. (2.67%).

Which major investors are selling TC Pipelines stock?

TCP stock was sold by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Goldman Sachs Group Inc., Tiedemann Advisors LLC, UBS Group AG, First Trust Advisors LP, Rafferty Asset Management LLC, Cincinnati Insurance Co., and First Republic Investment Management Inc..

Which major investors are buying TC Pipelines stock?

TCP stock was acquired by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Brookfield Asset Management Inc., Ensign Peak Advisors Inc, Kayne Anderson Capital Advisors LP, Bank of Montreal Can, Cadence Capital Management LLC, State of Wisconsin Investment Board, and Jennison Associates LLC.

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 $28.26.

How big of a company is TC Pipelines?

TC Pipelines has a market capitalization of $2.02 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, 7700. The pipeline company can be reached via phone at 877-290-2772 or via email at [email protected]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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