Tc Pipelines Lp (TRP) Director Acquires C$49,562.50 in Stock

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Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) Director Richard Prior acquired 1,250 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average price of C$39.65 per share, with a total value of C$49,562.50.

TRP opened at C$51.32 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.52 and a debt-to-equity ratio of 160.48. Tc Pipelines Lp has a 12 month low of C$48.92 and a 12 month high of C$65.18.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 31st will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Friday, December 28th. Tc Pipelines’s dividend payout ratio is currently 79.73%.

A number of analysts recently commented on the stock. CIBC upped their price objective on shares of Tc Pipelines from C$73.00 to C$74.00 in a research report on Friday, November 2nd. BMO Capital Markets restated an “outperform” rating and issued a C$69.00 price objective on shares of Tc Pipelines in a research report on Wednesday, October 3rd. Finally, TD Securities upped their price objective on shares of Tc Pipelines from C$73.00 to C$74.00 in a research report on Friday, August 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$69.22.

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Tc Pipelines Company Profile

TransCanada 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 and individual facilities, interconnecting pipelines, and other businesses.

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