Tc Pipelines Lp (TRP) Director Kristine Delkus Sells 1,590 Shares

Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) Director Kristine Delkus sold 1,590 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of C$55.24, for a total transaction of C$87,831.60.

Shares of TSE:TRP traded down C$0.39 on Tuesday, reaching C$54.99. 2,237,025 shares of the company’s stock were exchanged, compared to its average volume of 2,009,686. Tc Pipelines Lp has a twelve month low of C$48.92 and a twelve month high of C$63.29. The company has a debt-to-equity ratio of 159.12, a quick ratio of 0.36 and a current ratio of 0.47.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Friday, December 28th. Tc Pipelines’s dividend payout ratio (DPR) is presently 72.88%.

A number of research analysts have issued reports on the stock. CIBC decreased their target price on shares of Tc Pipelines from C$74.00 to C$69.00 in a research report on Monday, November 12th. BMO Capital Markets restated an “outperform” rating and set a C$69.00 target price on shares of Tc Pipelines in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Tc Pipelines presently has an average rating of “Buy” and a consensus price target of C$68.67.

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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 and individual facilities, interconnecting pipelines, and other businesses.

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Insider Buying and Selling by Quarter for Tc Pipelines (TSE:TRP)

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