Tc Pipelines (TRP) Getting Somewhat Favorable Media Coverage, InfoTrie Reports

News coverage about Tc Pipelines (TSE:TRP) (NYSE:TRP) has trended somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tc Pipelines earned a news impact score of 1.11 on their scale. InfoTrie also gave news coverage about the company an news buzz score of 7 out of 10, indicating that recent media coverage is likely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Tc Pipelines’ analysis:

Several research analysts have commented on TRP shares. CIBC boosted their price objective on shares of Tc Pipelines from C$75.00 to C$76.00 in a research report on Wednesday, October 3rd. TD Securities boosted their price objective on shares of Tc Pipelines from C$73.00 to C$74.00 in a research report on Friday, August 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a C$69.00 price objective on shares of Tc Pipelines in a research report on Wednesday, October 3rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Tc Pipelines has an average rating of “Buy” and a consensus target price of C$69.22.

TRP traded up C$0.34 during trading on Thursday, hitting C$52.21. 1,384,415 shares of the stock traded hands, compared to its average volume of 2,003,537. Tc Pipelines has a twelve month low of C$48.92 and a twelve month high of C$65.18.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be given a dividend of $0.69 per share. The ex-dividend date is Friday, December 28th. This represents a $2.76 annualized dividend and a yield of 5.29%.

In other Tc Pipelines news, Director Mary Catharine Davis sold 2,000 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of C$54.60, for a total transaction of C$109,200.00. Also, Director Richard Prior bought 1,250 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were bought at an average cost of C$39.65 per share, for a total transaction of C$49,562.50. Over the last 90 days, insiders have acquired 1,800 shares of company stock valued at $75,754.

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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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