TC Pipelines, LP (NYSE:TCP)’s share price was down 3.4% during trading 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 recently commented on TCP shares. Zacks Investment Research cut TC Pipelines, from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th. Barclays PLC began coverage on TC Pipelines, in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $53.00 price target for the company. Morgan Stanley began coverage on TC Pipelines, in a research note on Wednesday, April 13th. They issued an “underweight” rating for the company. Ladenburg Thalmann lowered TC Pipelines, from a “buy” rating to a “neutral” rating and increased their price target for the stock from $52.00 to $54.00 in a research note on Friday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on TC Pipelines, from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, May 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $54.88.

The firm’s 50-day moving average price is $55.85 and its 200 day moving average price is $49.97. The stock has a market capitalization of $3.44 billion and a PE ratio of 133.09.

TC Pipelines, (NYSE:TCP) last posted its earnings results on Wednesday, May 4th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. Equities research analysts forecast that TC Pipelines, LP will post $3.13 EPS for the current year.

A number of hedge funds and institutional investors have bought and sold shares of TCP. Wells Fargo & Company MN increased its position in TC Pipelines, by 16.0% in the fourth quarter. Wells Fargo & Company MN now owns 32,714 shares of the company’s stock worth $1,626,000 after buying an additional 4,516 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in 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 worth $4,670,000 after buying an additional 75,399 shares in the last quarter. Richard C. Young & CO. LTD. increased its position 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. Bank of Montreal Can increased its position 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, Alps Advisors Inc. increased its position 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.

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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