Northstar Investment Advisors LLC reduced its stake in shares of Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,293 shares of the pipeline company’s stock after selling 19,823 shares during the period. Northstar Investment Advisors LLC’s holdings in Tc Pipelines were worth $7,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its holdings in Tc Pipelines by 25.1% during the second quarter. Cornerstone Advisors Inc. now owns 1,078 shares of the pipeline company’s stock valued at $53,000 after buying an additional 216 shares in the last quarter. Sheets Smith Wealth Management bought a new position in Tc Pipelines during the second quarter valued at about $246,000. Campbell & CO Investment Adviser LLC bought a new position in Tc Pipelines during the second quarter valued at about $556,000. Exane Derivatives raised its holdings in Tc Pipelines by 58.6% during the second quarter. Exane Derivatives now owns 12,718 shares of the pipeline company’s stock valued at $631,000 after buying an additional 4,700 shares in the last quarter. Finally, Forte Capital LLC ADV raised its holdings in Tc Pipelines by 13.2% during the second quarter. Forte Capital LLC ADV now owns 23,741 shares of the pipeline company’s stock valued at $1,176,000 after buying an additional 2,775 shares in the last quarter. Institutional investors own 57.08% of the company’s stock.

TRP has been the topic of several recent research reports. ValuEngine upgraded United States Steel from a “strong sell” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group set a €80.00 ($93.02) price objective on Siltronic and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. Industrial Alliance Securities reiterated a “buy” rating on shares of Tc Pipelines in a research note on Monday, April 8th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, July 8th. Finally, GMP Securities reiterated a “hold” rating and issued a $48.00 price objective on shares of Suncor Energy in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Tc Pipelines currently has an average rating of “Hold” and a consensus price target of $54.43.

TRP stock opened at $48.99 on Friday. Tc Pipelines Lp has a twelve month low of $34.58 and a twelve month high of $51.36. The firm has a market capitalization of $45.50 billion, a P/E ratio of 16.44, a PEG ratio of 3.24 and a beta of 0.79. The business’s 50-day moving average price is $49.84. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.58.

Tc Pipelines (NYSE:TRP) (TSE:TRP) last released its earnings results on Friday, May 3rd. The pipeline company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Tc Pipelines had a return on equity of 13.72% and a net margin of 28.60%. The business had revenue of $2.62 billion for the quarter. Research analysts predict that Tc Pipelines Lp will post 3.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Thursday, June 27th. Tc Pipelines’s dividend payout ratio (DPR) is presently 76.85%.

Tc Pipelines Profile

TC Energy 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 plants, industrial facilities, interconnecting pipelines, and other businesses.

Recommended Story: How to Invest in Growth Stocks

Want to see what other hedge funds are holding TRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tc Pipelines Lp (NYSE:TRP) (TSE:TRP).

Institutional Ownership by Quarter for Tc Pipelines (NYSE:TRP)

Receive News & Ratings for Tc Pipelines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tc Pipelines and related companies with MarketBeat.com's FREE daily email newsletter.