TC Pipelines, LP (NYSE:TCP)’s share price traded down 3.4% on Thursday . The company traded as low as $53.31 and last traded at $53.53, with a volume of 259,995 shares. The stock had previously closed at $55.44.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada upped their target price on TC Pipelines, from $53.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday, June 13th. Zacks Investment Research cut TC Pipelines, from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. JPMorgan Chase & Co. upped their price objective on TC Pipelines, from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, May 27th. Barclays PLC cut TC Pipelines, from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $53.00 to $49.00 in a report on Monday, June 20th. Finally, Ladenburg Thalmann cut TC Pipelines, from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $52.00 to $54.00 in a report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. TC Pipelines, currently has an average rating of “Hold” and an average target price of $54.88.

The firm’s 50 day moving average is $55.92 and its 200 day moving average is $49.93. The company has a market capitalization of $3.57 billion and a P/E ratio of 138.04.

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

A number of large investors have bought and sold shares of TCP. OppenheimerFunds Inc. boosted its stake in TC Pipelines, by 2.2% in the fourth quarter. OppenheimerFunds Inc. now owns 9,398,472 shares of the company’s stock worth $467,198,000 after buying an additional 199,615 shares in the last quarter. Alps Advisors Inc. boosted its stake in TC Pipelines, by 9.3% in the fourth quarter. Alps Advisors Inc. now owns 3,650,030 shares of the company’s stock worth $181,443,000 after buying an additional 311,685 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in TC Pipelines, by 0.4% in the fourth quarter. Texas Yale Capital Corp. now owns 142,475 shares of the company’s stock worth $7,082,000 after buying an additional 627 shares in the last quarter. Bank of Montreal Can boosted its stake in TC Pipelines, by 192.1% in the fourth quarter. Bank of Montreal Can now owns 138,000 shares of the company’s stock worth $6,860,000 after buying an additional 90,751 shares in the last quarter. Finally, Richard C. Young & CO. LTD. boosted its stake in TC Pipelines, by 3.7% in the fourth quarter. Richard C. Young & CO. LTD. now owns 99,287 shares of the company’s stock worth $4,936,000 after buying an additional 3,579 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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