TC Power Co. (NYSE:TRP – Get Ranking) (TSE:TRP) has been assigned a mean suggestion of “Maintain” from the seventeen analysts which are presently protecting the inventory, Marketbeat Scores stories. Three funding analysts have rated the inventory with a promote ranking, 4 have assigned a maintain ranking and three have issued a purchase ranking on the corporate. The typical 12 month value goal amongst analysts which have issued scores on the inventory within the final 12 months is $68.82.
Plenty of analysts not too long ago issued stories on TRP shares. Barclays lowered their value goal on shares of TC Power from C$71.00 to C$67.00 in a report on Wednesday, July twentieth. Royal Financial institution of Canada lowered their value goal on shares of TC Power from C$79.00 to C$78.00 in a report on Tuesday, August 2nd. Scotiabank lowered their value goal on shares of TC Power from C$78.00 to C$76.00 in a report on Friday, July twenty ninth. US Capital Advisors reissued a “maintain” ranking on shares of TC Power in a report on Wednesday, June 1st. Lastly, BMO Capital Markets lowered their value goal on shares of TC Power from C$76.00 to C$72.00 in a report on Thursday, August eleventh.
TC Power Inventory Up 1.9 %
TRP inventory opened at $48.57 on Monday. The agency’s fifty day easy shifting common is $50.81 and its 200-day easy shifting common is $53.96. The corporate has a market capitalization of $49.15 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of three.77 and a beta of 0.73. The corporate has a debt-to-equity ratio of 1.65, a present ratio of 0.64 and a fast ratio of 0.57. TC Power has a 12 month low of $44.77 and a 12 month excessive of $59.38.
TC Power Cuts Dividend
The agency additionally not too long ago introduced a quarterly dividend, which might be paid on Monday, October thirty first. Stockholders of file on Friday, September thirtieth might be given a $0.699 dividend. This represents a $2.80 dividend on an annualized foundation and a dividend yield of 5.76%. The ex-dividend date of this dividend is Thursday, September twenty ninth. TC Power’s dividend payout ratio (DPR) is 110.28%.
Institutional Traders Weigh In On TC Power
Plenty of hedge funds have not too long ago modified their holdings of the enterprise. Raleigh Capital Administration Inc. elevated its place in TC Power by 36.5% in the course of the second quarter. Raleigh Capital Administration Inc. now owns 17,350 shares of the pipeline firm’s inventory price $899,000 after buying an extra 4,641 shares over the past quarter. M&G Funding Administration Ltd. elevated its place in TC Power by 29.2% in the course of the second quarter. M&G Funding Administration Ltd. now owns 2,691,706 shares of the pipeline firm’s inventory price $139,991,000 after buying an extra 607,659 shares over the past quarter. Captrust Monetary Advisors elevated its place in TC Power by 63.3% in the course of the second quarter. Captrust Monetary Advisors now owns 15,434 shares of the pipeline firm’s inventory price $809,000 after buying an extra 5,984 shares over the past quarter. Authorized & Normal Group Plc elevated its place in TC Power by 7.1% in the course of the second quarter. Authorized & Normal Group Plc now owns 9,836,433 shares of the pipeline firm’s inventory price $503,376,000 after buying an extra 649,497 shares over the past quarter. Lastly, Goldman Sachs Group Inc. boosted its stake in TC Power by 3.7% in the course of the second quarter. Goldman Sachs Group Inc. now owns 3,582,665 shares of the pipeline firm’s inventory price $185,617,000 after shopping for an extra 128,589 shares in the course of the interval. 70.14% of the inventory is at present owned by institutional traders and hedge funds.
About TC Power
TC Power Company operates as an vitality infrastructure firm in North America. It operates via 5 segments: Canadian Pure Fuel Pipelines; U.S. Pure Fuel Pipelines; Mexico Pure Fuel Pipelines; Liquids Pipelines; and Energy and Storage. The corporate builds and operates 93,300 km community of pure fuel pipelines, which transports pure fuel from provide basins to native distribution corporations, energy era crops, industrial services, interconnecting pipelines, LNG export terminals, and different companies.
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