TC Pipelines, LP (NYSE:TCP) shares were up 3.2% during mid-day trading on Monday . The stock traded as high as $53.56 and last traded at $53.29, with a volume of 150,297 shares changing hands. The stock had previously closed at $51.64.

Several research analysts have recently issued reports on TCP shares. Zacks Investment Research cut shares of TC Pipelines, from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th. JPMorgan Chase & Co. upped their target price on shares of TC Pipelines, from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, May 27th. Barclays PLC downgraded shares of TC Pipelines, from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $53.00 to $49.00 in a research report on Monday, June 20th. Morgan Stanley initiated coverage on shares of TC Pipelines, in a research report on Wednesday, April 13th. They issued an “underweight” rating for the company. Finally, Royal Bank Of Canada upped 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 report on Monday, June 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.88.

The stock has a market capitalization of $3.52 billion and a P/E ratio of 136.39. The company has a 50-day moving average price of $55.85 and a 200 day moving average price of $49.97.

TC Pipelines, (NYSE:TCP) last posted its quarterly earnings data 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. Analysts expect that TC Pipelines, LP will post $3.13 earnings per share for the current year.

Several hedge funds recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake 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 during the last quarter. Bank of Montreal Can increased 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake 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 during the last quarter. Finally, Richard C. Young & CO. LTD. increased 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 during 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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