NYSE:TRPTc Pipelines Stock Price, Forecast & News

Tc Pipelines' stock was trading at $45.92 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TRP stock has increased by 4.5% and is now trading at $48.00.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tc Pipelines in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Tc Pipelines is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
View our earnings forecast for Tc Pipelines.

Tc Pipelines Lp (NYSE:TRP) posted its quarterly earnings data on Thursday, July, 30th. The pipeline company reported $0.92 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.25. The pipeline company earned $2.24 billion during the quarter, compared to analysts' expectations of $2.34 billion. Tc Pipelines had a return on equity of 13.73% and a net margin of 33.69%. During the same period last year, the business posted $1.00 EPS.
View Tc Pipelines' earnings history.

Tc Pipelines declared a quarterly dividend on Friday, July 31st. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.6072 per share on Friday, October 30th. This represents a $2.43 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Tuesday, September 29th.
View Tc Pipelines' dividend history.

21 Wall Street analysts have issued twelve-month price targets for Tc Pipelines' shares. Their forecasts range from $56.00 to $80.00. On average, they anticipate Tc Pipelines' share price to reach $68.93 in the next twelve months. This suggests a possible upside of 43.6% from the stock's current price.
View analysts' price targets for Tc Pipelines.

News stories about TRP stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tc Pipelines earned a media sentiment score of -4.8 on InfoTrie's scale. They also assigned media stories about the pipeline company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about Tc Pipelines.

Some companies that are related to Tc Pipelines include National Grid (NGG), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Companies (WMB), Energy Transfer LP Unit (ET), Targa Resources (TRGP), EQM Midstream Partners (EQM), Western Midstream Partners (WES), Antero Midstream (AM), DCP Midstream (DCP), Enable Midstream Partners (ENBL), TC Pipelines (TCP), EnLink Midstream (ENLC), Rattler Midstream (RTLR) and USA Compression Partners (USAC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Tc Pipelines investors own include AT&T (T), Enbridge (ENB), Pfizer (PFE), Verizon Communications (VZ), Cisco Systems (CSCO), QUALCOMM (QCOM), Enterprise Products Partners (EPD), IBM (IBM), Intel (INTC) and Walt Disney (DIS).

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

Tc Pipelines' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include CIBC Asset Management Inc (0.89%), Swiss National Bank (0.43%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), M&G Investment Management Ltd. (0.23%), Kayne Anderson Capital Advisors LP (0.19%) and Cardinal Capital Management Inc. (0.18%).

TRP stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Jennison Associates LLC, Reaves W H & Co. Inc., Tiedemann Advisors LLC, Russell Investments Group Ltd., Heathbridge Capital Management Ltd., Intact Investment Management Inc., and US Bancorp DE.

TRP stock was bought by a variety of institutional investors in the last quarter, including QV Investors Inc., CIBC Asset Management Inc, Swiss National Bank, Raymond James & Associates, Letko Brosseau & Associates Inc., Kayne Anderson Capital Advisors LP, Value Partners Investments Inc., and Viking Fund Management LLC.

Shares of TRP 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.

One share of TRP stock can currently be purchased for approximately $48.00.

Tc Pipelines has a market capitalization of $45.12 billion and generates $9.99 billion in revenue each year. The pipeline company earns $3.12 billion in net income (profit) each year or $3.12 on an earnings per share basis. Tc Pipelines employs 7,305 workers across the globe.

The official website for Tc Pipelines is www.transcanada.com.

Tc Pipelines' mailing address is 450 - 1ST STREET S.W., CALGARY A0, T2P 5H1. The pipeline company can be reached via phone at 403-920-2000 or via email at [email protected]