TC Pipelines, LP (NYSE:TCP) shares saw an uptick in trading volume on Friday . 236,836 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 190,889 shares.The stock last traded at $52.91 and had previously closed at $53.56.

Several brokerages have commented on TCP. Royal Bank Of Canada raised their price target on shares of TC Pipelines, from $53.00 to $61.00 and gave the company a “sector perform” rating in a research note on Monday, June 13th. Zacks Investment Research lowered shares of TC Pipelines, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. JPMorgan Chase & Co. raised their price target on shares of TC Pipelines, from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, May 27th. Barclays PLC lowered shares of TC Pipelines, from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $53.00 to $49.00 in a research note on Monday, June 20th. Finally, Ladenburg Thalmann lowered shares of TC Pipelines, from a “buy” rating to a “neutral” rating and raised their price target for the company from $52.00 to $54.00 in a research note on Friday, May 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. TC Pipelines, has a consensus rating of “Hold” and an average target price of $54.88.

The firm has a 50 day moving average price of $55.85 and a 200 day moving average price of $49.97. The firm has a market capitalization of $3.44 billion and a PE ratio of 133.09.

TC Pipelines, (NYSE:TCP) last issued its earnings results on Wednesday, May 4th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.19. On average, equities analysts predict that TC Pipelines, LP will post $3.13 EPS for the current fiscal year.

Other hedge funds have modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of TC Pipelines, by 16.0% in the fourth quarter. Wells Fargo & Company MN now owns 32,714 shares of the company’s stock valued at $1,626,000 after buying an additional 4,516 shares during the period. Alps Advisors Inc. increased its position in shares of TC Pipelines, by 9.3% in the fourth quarter. Alps Advisors Inc. now owns 3,650,030 shares of the company’s stock valued at $181,443,000 after buying an additional 311,685 shares in the last quarter. Richard C. Young & CO. LTD. increased its position in shares of TC Pipelines, by 3.7% in the fourth quarter. Richard C. Young & CO. LTD. now owns 99,287 shares of the company’s stock valued at $4,936,000 after buying an additional 3,579 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of TC Pipelines, by 406.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 93,949 shares of the company’s stock valued at $4,670,000 after buying an additional 75,399 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of TC Pipelines, by 2.2% in the fourth quarter. OppenheimerFunds Inc. now owns 9,398,472 shares of the company’s stock valued at $467,198,000 after buying an additional 199,615 shares in the last quarter.

TC PipeLines, LP is a limited partnership company that acquires, owns and participates in the management of energy infrastructure businesses in North America. The company’s pipeline systems transport natural gas in the United States. The company is managed by its General Partner, which is an indirect wholly owned subsidiary of TransCanada.

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