TC Pipelines, LP (NYSE:TCP) rose 4.3% on Friday . The company traded as high as $55.80 and last traded at $55.69, with a volume of 133,064 shares. The stock had previously closed at $53.39.

TCP has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of TC Pipelines, from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Barclays PLC lowered shares of TC Pipelines, from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $53.00 to $49.00 in a report on Monday, June 20th. JPMorgan Chase & Co. upped their price target 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. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $53.00 price target on shares of TC Pipelines, in a report on Wednesday, July 20th. Finally, Morgan Stanley assumed coverage on shares of TC Pipelines, in a report on Wednesday, April 13th. They set an “underweight” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.75.

The company has a 50-day moving average of $55.46 and a 200 day moving average of $50.67. The company has a market capitalization of $3.71 billion and a price-to-earnings ratio of 143.53.

TC Pipelines, (NYSE:TCP) last posted its earnings results on Wednesday, May 4th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. Equities research analysts predict that TC Pipelines, LP will post $3.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 1st will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 6.75%. This is a positive change from TC Pipelines,’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, July 28th.

A hedge fund recently raised its stake in TC Pipelines, stock. Bank of Montreal Can raised its position in shares of TC Pipelines, LP (NYSE:TCP) by 192.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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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