Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) – Equities research analysts at National Bank Financial raised their FY2019 earnings per share estimates for shares of Tc Pipelines in a research note issued on Wednesday, July 31st. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $4.09 for the year, up from their prior forecast of $3.79. National Bank Financial currently has a “Sector Perform” rating and a $66.00 target price on the stock. National Bank Financial also issued estimates for Tc Pipelines’ FY2020 earnings at $4.03 EPS.
A number of other research firms also recently weighed in on TRP. Royal Bank of Canada increased their price target on shares of Tc Pipelines from C$71.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. TD Securities increased their price target on shares of Tc Pipelines from C$74.00 to C$76.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. GMP Securities cut their price target on shares of Tc Pipelines from C$74.00 to C$73.00 in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Tc Pipelines from C$72.00 to C$73.00 in a research note on Tuesday, May 7th. Finally, CIBC increased their price target on shares of Tc Pipelines from C$69.00 to C$70.00 in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$69.00.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, September 27th. Tc Pipelines’s payout ratio is 63.79%.
Tc Pipelines Company Profile
TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.
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