TC Pipelines, LP (NYSE:TCP) fell 3.8% during mid-day trading on Thursday . The stock traded as low as $53.80 and last traded at $54.08, with a volume of 87,630 shares traded. The stock had previously closed at $56.22.

Several research analysts recently commented on the stock. Citigroup Inc. increased their target price on shares of TC Pipelines, from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday. Ladenburg Thalmann cut shares of TC Pipelines, from a “buy” rating to a “neutral” rating and increased their target price for the stock from $52.00 to $54.00 in a report on Friday, May 6th. Royal Bank Of Canada increased their target price on shares of TC Pipelines, from $53.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, June 13th. Barclays PLC assumed coverage on shares of TC Pipelines, in a report on Wednesday, April 13th. They set an “equal weight” rating and a $53.00 target price for the company. Finally, Zacks Investment Research cut shares of TC Pipelines, from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $54.75.

The stock has a 50 day moving average price of $55.46 and a 200-day moving average price of $50.67. The company has a market capitalization of $3.71 billion and a P/E ratio of 143.53.

TC Pipelines, (NYSE:TCP) last released 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. On average, equities analysts forecast that TC Pipelines, LP will post $3.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 1st will be paid a $0.94 dividend. This is a boost from TC Pipelines,’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, July 28th. This represents a $3.76 annualized dividend and a dividend yield of 6.75%.

A hedge fund recently raised its stake in TC Pipelines, stock. Kayne Anderson Capital Advisors LP raised its position in shares of TC Pipelines, LP (NYSE:TCP) by 35.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 620,554 shares of the company’s stock after buying an additional 163,400 shares during the period. Kayne Anderson Capital Advisors LP owned about 0.94% of TC Pipelines, worth $30,839,000 as of its most recent filing with the SEC.

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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