TC Pipelines LP (NYSE:TCP) Institutional Investors 2017 Q4 Sentiment

May 17, 2018 - By Karen Cook

Sentiment for TC Pipelines LP (NYSE:TCP)

TC Pipelines LP (NYSE:TCP) institutional sentiment increased to 0.91 in 2017 Q4. Its up 0.10, from 0.81 in 2017Q3. The ratio is better, as 53 active investment managers opened new or increased positions, while 58 reduced and sold stock positions in TC Pipelines LP. The active investment managers in our partner’s database now have: 45.12 million shares, up from 40.18 million shares in 2017Q3. Also, the number of active investment managers holding TC Pipelines LP in their top 10 positions increased from 5 to 6 for an increase of 1. Sold All: 13 Reduced: 45 Increased: 33 New Position: 20.

TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company has market cap of $1.82 billion. The firm has four wholly-owned pipelines and equity ownership interests in three natural gas interstate pipeline systems that transport approximately 9.1 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western, Midwestern, and Eastern United States. It has a 8.06 P/E ratio. It serves large utilities, local distribution companies, natural gas marketers, producing companies, and other interstate pipelines, including affiliates.

The stock increased 0.12% or $0.03 during the last trading session, reaching $25.51. About 133,671 shares traded. TC PipeLines, LP (NYSE:TCP) has declined 41.45% since May 17, 2017 and is downtrending. It has underperformed by 53.00% the S&P500.

Analysts await TC PipeLines, LP (NYSE:TCP) to report earnings on August, 1. They expect $0.67 EPS, down 8.22 % or $0.06 from last year’s $0.73 per share. TCP’s profit will be $47.77 million for 9.52 P/E if the $0.67 EPS becomes a reality. After $1.32 actual EPS reported by TC PipeLines, LP for the previous quarter, Wall Street now forecasts -49.24 % negative EPS growth.

Argyll Research Llc holds 19.82% of its portfolio in TC PipeLines, LP for 1.67 million shares. Finepoint Capital Lp owns 913,000 shares or 8.93% of their US portfolio. Moreover, Energy Income Partners Llc has 5.24% invested in the company for 5.75 million shares. The Texas-based Center Coast Capital Advisors Lp has invested 5.15% in the stock. Weybosset Research & Management Llc, a Rhode Island-based fund reported 99,066 shares.

TC PipeLines, LP (NYSE:TCP) Ratings Coverage

Ratings analysis reveals 0 of TC Pipelines’s analysts are positive. Out of 8 Wall Street analysts rating TC Pipelines, 0 give it “Buy”, 3 “Sell” rating, while 5 recommend “Hold”. The lowest target is $26 while the high is $66.0. The stock’s average target of $44 is 72.48% above today’s ($25.51) share price. TCP was included in 14 notes of analysts from December 8, 2017. Citigroup upgraded TC PipeLines, LP (NYSE:TCP) rating on Friday, December 8. Citigroup has “Buy” rating and $58.0 target. The firm earned “Underperform” rating on Wednesday, March 21 by Bank of America. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, May 3 report. The stock has “Buy” rating by UBS on Friday, March 2. The stock of TC PipeLines, LP (NYSE:TCP) has “Underweight” rating given on Thursday, May 3 by Barclays Capital. The rating was downgraded by RBC Capital Markets on Thursday, May 3 to “Hold”. The rating was maintained by Morgan Stanley on Friday, March 23 with “Underweight”. Barclays Capital maintained the shares of TCP in report on Tuesday, April 17 with “Underweight” rating. The stock has “Neutral” rating by UBS on Monday, March 19. The company was maintained on Thursday, March 22 by Wells Fargo.

Another recent and important TC PipeLines, LP (NYSE:TCP) news was published by Globenewswire.com which published an article titled: “TC PipeLines, LP to Attend 2018 MLP & Energy Infrastructure Conference” on May 17, 2018.

TC PipeLines, LP (NYSE:TCP) Institutional Positions Chart

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