Tc Pipelines Lp Expected to Post Q4 2019 Earnings of $0.78 Per Share (NYSE:TRP)

Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) – Equities research analysts at National Bank Financial issued their Q4 2019 EPS estimates for Tc Pipelines in a research note issued on Tuesday, February 11th. National Bank Financial analyst P. Kenny anticipates that the pipeline company will post earnings of $0.78 per share for the quarter.

Tc Pipelines (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, February 13th. The pipeline company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.71 billion. Tc Pipelines had a net margin of 29.37% and a return on equity of 14.12%. During the same period in the previous year, the firm earned $1.03 EPS.

Several other brokerages have also issued reports on TRP. UBS Group boosted their price objective on shares of Tc Pipelines from $66.00 to $71.00 and gave the company a “neutral” rating in a report on Friday. Tudor Pickering lowered shares of Tc Pipelines from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. TD Securities lowered shares of Tc Pipelines to a “buy” rating in a report on Monday, November 4th. Bank of America initiated coverage on shares of Tc Pipelines in a report on Wednesday, December 18th. They issued a “neutral” rating and a $56.00 price objective on the stock. Finally, Credit Suisse Group set a $70.00 price objective on shares of Tc Pipelines and gave the company a “hold” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $65.44.

Shares of TRP opened at $56.35 on Thursday. The firm has a market cap of $51.85 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.73. Tc Pipelines has a 12-month low of $42.64 and a 12-month high of $56.38. The company’s 50-day moving average price is $54.09 and its 200 day moving average price is $51.48. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 1.60.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.612 per share. The ex-dividend date is Monday, March 30th. This is a positive change from Tc Pipelines’s previous quarterly dividend of $0.57. This represents a $2.45 dividend on an annualized basis and a yield of 4.34%. Tc Pipelines’s dividend payout ratio is 77.52%.

A number of large investors have recently modified their holdings of TRP. Wealthcare Advisory Partners LLC purchased a new stake in Tc Pipelines during the fourth quarter worth about $25,000. Orion Portfolio Solutions LLC purchased a new stake in Tc Pipelines during the fourth quarter worth about $25,000. Garrett Wealth Advisory Group LLC purchased a new stake in Tc Pipelines during the third quarter worth about $29,000. Quest Capital Management Inc. ADV purchased a new stake in Tc Pipelines during the third quarter worth about $29,000. Finally, Huntington National Bank increased its stake in Tc Pipelines by 144.4% during the fourth quarter. Huntington National Bank now owns 550 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 325 shares during the period. Institutional investors own 63.24% of the company’s stock.

About Tc Pipelines

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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