TC Pipelines, LP (NYSE:TCP) saw unusually-high trading volume on Friday . Approximately 236,836 shares were traded during 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.

TCP has been the topic of a number of recent analyst reports. Barclays PLC lowered TC Pipelines, from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $53.00 to $49.00 in a research note on Monday, June 20th. Zacks Investment Research raised TC Pipelines, from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday, May 11th. Royal Bank Of Canada upped their price objective on TC Pipelines, from $53.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, June 13th. Morgan Stanley assumed coverage on TC Pipelines, in a report on Wednesday, April 13th. They set an “underweight” rating for the company. Finally, Ladenburg Thalmann downgraded 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 given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.88.

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

TC Pipelines, (NYSE:TCP) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.19. Analysts anticipate that TC Pipelines, LP will post $3.13 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised 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. Richard C. Young & CO. LTD. raised 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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. Finally, Wells Fargo & Company MN raised 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.

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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