Were Analysts Bullish TC PipeLines, LP (NYSE:TCP) This Week?

April 17, 2018 - By Paula Hilliard

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.10, from 0.81 in 2017Q3. It is positive, as 13 investors sold TC PipeLines, LP shares while 45 reduced holdings. 20 funds opened positions while 33 raised stakes. 45.12 million shares or 12.28% more from 40.18 million shares in 2017Q3 were reported.
Cbre Clarion Limited stated it has 0.03% of its portfolio in TC PipeLines, LP (NYSE:TCP). 1,264 are owned by Advisory Svcs Network Limited Liability Corporation. Neuberger Berman Limited Co owns 156,757 shares. Pnc Financial Gp Inc accumulated 9,830 shares. Captrust Financial Advsr has invested 0.01% in TC PipeLines, LP (NYSE:TCP). 23,250 were reported by Advsrs Asset Mngmt. California Employees Retirement Systems owns 98,292 shares for 0.01% of their portfolio. 145,388 are owned by Texas Yale Capital Corporation. 9,746 were reported by Stifel Corporation. Solaris Asset Mngmt Llc reported 500 shares or 0.02% of all its holdings. Blair William And Il invested 0.01% in TC PipeLines, LP (NYSE:TCP). 46,361 are owned by Wells Fargo Mn. Lpl Fincl Limited Co invested in 0.01% or 37,492 shares. First Manhattan holds 0% or 3,050 shares. Finepoint Cap Lp has 913,000 shares for 8.93% of their portfolio.

TC PipeLines, LP (NYSE:TCP) Ratings Coverage

Among 7 analysts covering TC Pipelines (NYSE:TCP), 2 have Buy rating, 2 Sell and 3 Hold. Therefore 29% are positive. TC Pipelines had 13 analyst reports since October 29, 2017 according to SRatingsIntel. The stock of TC PipeLines, LP (NYSE:TCP) earned “Hold” rating by Wells Fargo on Thursday, March 22. The firm has “Buy” rating given on Friday, March 2 by UBS. As per Wednesday, November 15, the company rating was maintained by Wells Fargo. The firm has “Buy” rating by Citigroup given on Friday, December 8. The stock of TC PipeLines, LP (NYSE:TCP) has “Underperform” rating given on Wednesday, March 21 by Bank of America. The firm earned “Buy” rating on Tuesday, November 7 by UBS. UBS downgraded the shares of TCP in report on Monday, March 19 to “Neutral” rating. The stock has “Buy” rating by RBC Capital Markets on Sunday, October 29. Morgan Stanley maintained the stock with “Underweight” rating in Friday, March 23 report. The firm earned “Buy” rating on Thursday, November 9 by RBC Capital Markets. Below is a list of TC PipeLines, LP (NYSE:TCP) latest ratings and price target changes.

28/03/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $58 New Target: $43 Maintain
23/03/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $56 New Target: $37 Maintain
22/03/2018 Broker: Wells Fargo Rating: Hold New Target: $42.0 Maintain
21/03/2018 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade
19/03/2018 Broker: UBS Old Rating: Buy New Rating: Neutral Old Target: $55 Downgrade
16/03/2018 Broker: Ladenburg Rating: Hold New Target: $50.0
02/03/2018 Broker: UBS Old Rating: Buy New Rating: Buy Old Target: $58 New Target: $55 Maintain
16/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $66.0 Maintain
08/12/2017 Broker: Citigroup Rating: Buy New Target: $58.0 Upgrade
15/11/2017 Broker: Wells Fargo Rating: Market Perform Old Target: $62 New Target: $58 Maintain

The stock increased 1.71% or $0.57 during the last trading session, reaching $33.81. About 265,430 shares traded. TC PipeLines, LP (NYSE:TCP) has declined 41.45% since April 17, 2017 and is downtrending. It has underperformed by 53.00% the S&P500.

TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company has market cap of $2.41 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 10.68 P/E ratio. It serves large utilities, local distribution companies, natural gas marketers, producing companies, and other interstate pipelines, including affiliates.

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

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