TC PIPELINES LP Common Stock (TRP) Given Daily Media Impact Rating of 0.01

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Media coverage about TC PIPELINES LP Common Stock (NYSE:TRP) (TSE:TRP) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TC PIPELINES LP Common Stock earned a news impact score of 0.01 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 47.7575488560882 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities research analysts have recently commented on TRP shares. Zacks Investment Research cut TC PIPELINES LP Common Stock from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Royal Bank of Canada lowered their target price on TC PIPELINES LP Common Stock and set an “outperform” rating for the company in a research note on Monday, April 30th. Finally, ValuEngine cut TC PIPELINES LP Common Stock from a “hold” rating to a “sell” rating in a research note on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.33.

TC PIPELINES LP Common Stock opened at $44.08 on Monday, according to MarketBeat.com. The firm has a market capitalization of $39.72 billion, a PE ratio of 18.52, a PEG ratio of 2.01 and a beta of 0.61. TC PIPELINES LP Common Stock has a 52 week low of $39.16 and a 52 week high of $51.85. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.65.

TC PIPELINES LP Common Stock (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Thursday, August 2nd. The pipeline company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.28. TC PIPELINES LP Common Stock had a return on equity of 12.90% and a net margin of 23.37%. The business had revenue of $2.48 billion during the quarter. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. equities research analysts expect that TC PIPELINES LP Common Stock will post 2.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, September 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.81%. TC PIPELINES LP Common Stock’s dividend payout ratio (DPR) is presently 8.82%.

About TC PIPELINES LP Common Stock

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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