Albert D. Mason decreased its stake in TC Pipelines, LP (NYSE:TCP) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,466 shares of the company’s stock after selling 1,218 shares during the period. TC Pipelines, accounts for about 1.6% of Albert D. Mason’s portfolio, making the stock its 17th largest position. Albert D. Mason’s holdings in TC Pipelines, were worth $2,459,000 as of its most recent SEC filing.

Separately, Spirit of America Management raised its position in TC Pipelines, by 261.0% in the fourth quarter. Spirit of America Management now owns 59,659 shares of the company’s stock valued at $2,966,000 after buying an additional 43,134 shares during the last quarter.

TC Pipelines, LP (NYSE:TCP) opened at 43.24 on Friday. The firm has a market cap of $2.85 billion and a P/E ratio of 14.43. The firm’s 50-day moving average price is $44.49 and its 200-day moving average price is $50.39. TC Pipelines, LP has a 52-week low of $35.00 and a 52-week high of $71.89.

TC Pipelines, (NYSE:TCP) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.14. The firm had revenue of $83 million for the quarter, compared to analyst estimates of $10 million. Equities research analysts expect that TC Pipelines, LP will post $2.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 12th. Stockholders of record on Tuesday, February 2nd will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date of this dividend is Friday, January 29th.

Several research analysts recently weighed in on the stock. Bank of America raised shares of TC Pipelines, from a “neutral” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Monday, December 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $54.00 price target (down previously from $64.00) on shares of TC Pipelines, in a research note on Tuesday, December 15th. Zacks Investment Research cut shares of TC Pipelines, from a “buy” rating to a “hold” rating in a report on Wednesday, November 18th. Finally, Ladenburg Thalmann raised shares of TC Pipelines, from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Wednesday, November 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.25.

TC PipeLines, LP is a limited partnership company that acquires, owns and participates in the management of energy infrastructure businesses in North America. The company’s pipeline systems transport natural gas in the United States. The company is managed by its General Partner, which is an indirect wholly owned subsidiary of TransCanada. It has equity ownership interests in two natural gas interstate pipeline systems, as well as three wholly-owned and one majority owned pipeline. Collectively, the pipelines are designed to transport approximately 8.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western and Midwestern United States. Its pipeline systems include Great Lakes Gas Transmission Limited Partnership, Northern Border Pipeline Company, Gas Transmission Northwest LLC, Bison Pipeline LLC, North Baja Pipeline, LLC and Tuscarora Gas Transmission Company.

12 Month Chart for NYSE:TCP

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