Brandon M. Anderson Sells 1,000 Shares of Tc Pipelines Lp (TRP) Stock

Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) Director Brandon M. Anderson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of C$54.27, for a total value of C$54,270.00.

Shares of TRP stock traded up C$0.05 during trading hours on Friday, hitting C$54.45. The stock had a trading volume of 3,057,400 shares, compared to its average volume of 2,008,652. Tc Pipelines Lp has a twelve month low of C$48.92 and a twelve month high of C$63.77. The company has a debt-to-equity ratio of 159.12, a current ratio of 0.47 and a quick ratio of 0.36.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Friday, December 28th. Tc Pipelines’s payout ratio is currently 74.63%.

Several equities research analysts have recently weighed in on TRP shares. CIBC decreased their price objective on Tc Pipelines from C$76.00 to C$73.00 in a report on Wednesday, October 24th. TD Securities increased their price objective on Tc Pipelines from C$73.00 to C$74.00 in a report on Friday, August 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$69.00 price objective on shares of Tc Pipelines in a report on Wednesday, October 3rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$68.67.

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About Tc Pipelines

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 and individual facilities, interconnecting pipelines, and other businesses.

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