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

A number of analysts have recently weighed in on TCP shares. Zacks Investment Research lowered shares of TC Pipelines, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Royal Bank Of Canada increased their target price 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. JPMorgan Chase & Co. increased their target price 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. Morgan Stanley started coverage on shares of TC Pipelines, in a research note on Wednesday, April 13th. They set an “underweight” rating for the company. Finally, Barclays PLC lowered shares of TC Pipelines, from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $53.00 to $49.00 in a research note on Monday, June 20th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. TC Pipelines, presently has a consensus rating of “Hold” and an average price target of $54.88.

The company’s 50 day moving average is $55.83 and its 200 day moving average is $50.05. The stock has a market capitalization of $3.61 billion and a price-to-earnings ratio of 139.87.

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

A number of large investors recently bought and sold shares of the stock. Wells Fargo & Company MN boosted 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 valued at $1,626,000 after buying an additional 4,516 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 valued at $4,670,000 after buying an additional 75,399 shares during the last quarter. 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 valued at $4,936,000 after buying an additional 3,579 shares during the last quarter. Finally, 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 valued at $6,860,000 after buying an additional 90,751 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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