As Tc Pipelines LP (TCP) Stock Price Declined, Evergreen Capital Management LLC Has Lowered Its Holding by $4.97 Million

May 17, 2018 - By Harriett Tippett

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.10, from 0.81 in 2017Q3. It improved, as 13 investors sold TCP 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. Kings Point holds 0.01% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 587 shares. Delta Asset Mgmt Ltd Liability Tn owns 7 shares. Perigon Wealth Mgmt Lc holds 1,245 shares. Valley Advisers Incorporated has 1,361 shares. Freestone Cap Hldg Limited Com reported 0.35% stake. The Nebraska-based Farmers Merchants has invested 0.03% in TC PipeLines, LP (NYSE:TCP). Employees Retirement Sys Of Ohio reported 21,505 shares. Manufacturers Life Insur The has invested 0% in TC PipeLines, LP (NYSE:TCP). Cushing Asset Limited Partnership holds 0.18% or 114,300 shares. Royal Savings Bank Of Canada owns 0% invested in TC PipeLines, LP (NYSE:TCP) for 31,023 shares. Albert D Mason owns 1.5% invested in TC PipeLines, LP (NYSE:TCP) for 37,647 shares. Tower Rech Capital Lc (Trc) reported 589 shares. 18,990 are owned by Castleark Management Llc. Moreover, Tiedemann Wealth Management Limited Liability has 1.71% invested in TC PipeLines, LP (NYSE:TCP) for 419,886 shares. 16,439 were accumulated by Guggenheim Capital Limited Liability Com.

Evergreen Capital Management Llc decreased its stake in Tc Pipelines Lp (TCP) by 30.83% based on its latest 2017Q4 regulatory filing with the SEC. Evergreen Capital Management Llc sold 93,790 shares as the company’s stock declined 34.01% with the market. The institutional investor held 210,390 shares of the public utilities company at the end of 2017Q4, valued at $11.17 million, down from 304,180 at the end of the previous reported quarter. Evergreen Capital Management Llc who had been investing in Tc Pipelines Lp for a number of months, seems to be less bullish one the $1.80B market cap company. The stock decreased 0.79% or $0.2 during the last trading session, reaching $25.28. About 246,233 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 $47.79 million for 9.43 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.

TC PipeLines, LP (NYSE:TCP) Ratings Coverage

Among 8 analysts covering TC Pipelines (NYSE:TCP), 0 have Buy rating, 3 Sell and 5 Hold. Therefore 0 are positive. TC Pipelines had 14 analyst reports since December 8, 2017 according to SRatingsIntel. UBS downgraded the stock to “Neutral” rating in Monday, March 19 report. Citigroup maintained TC PipeLines, LP (NYSE:TCP) on Wednesday, March 28 with “Buy” rating. RBC Capital Markets downgraded the stock to “Hold” rating in Thursday, May 3 report. RBC Capital Markets maintained the shares of TCP in report on Tuesday, January 16 with “Buy” rating. The stock of TC PipeLines, LP (NYSE:TCP) earned “Neutral” rating by Citigroup on Monday, May 14. Bank of America downgraded TC PipeLines, LP (NYSE:TCP) on Wednesday, March 21 to “Underperform” rating. As per Friday, March 2, the company rating was maintained by UBS. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, May 3. The firm earned “Buy” rating on Friday, December 8 by Citigroup. The firm has “Underweight” rating by Barclays Capital given on Thursday, May 3.

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

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