Shares of TC Pipelines, LP (NYSE:TCP) saw strong trading volume on Tuesday . 158,011 shares traded hands during trading, a decline of 20% from the previous session’s volume of 196,335 shares.The stock last traded at $54.75 and had previously closed at $55.90.

Several equities research analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective 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 research note on Tuesday, June 21st. JPMorgan Chase & Co. boosted their target price on TC Pipelines, from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, May 27th. Barclays PLC lowered TC Pipelines, from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $53.00 to $49.00 in a research report on Monday, June 20th. Finally, Ladenburg Thalmann lowered TC Pipelines, from a “buy” rating to a “neutral” rating and boosted their target price for the company from $52.00 to $54.00 in a research report on Friday, May 6th. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. TC Pipelines, presently has an average rating of “Hold” and a consensus price target of $54.88.

The company has a market capitalization of $3.67 billion and a P/E ratio of 141.91. The firm has a 50 day moving average price of $55.96 and a 200-day moving average price of $50.26.

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

An institutional investor recently raised its position in TC Pipelines, stock. Bank of Montreal Can boosted its position in TC Pipelines, LP (NYSE:TCP) by 192.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,000 shares of the company’s stock after buying an additional 90,751 shares during the period. Bank of Montreal Can owned 0.21% of TC Pipelines, worth $6,860,000 at the end of the most recent 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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