Analysts are on the Bearish side about TC PipeLines, LP (NYSE:TCP) this week.

January 13, 2018 - By Stephen Andrade

 Analysts are on the Bearish side about TC PipeLines, LP (NYSE:TCP) this week.
Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.68, from 1.49 in 2017Q2. It turned negative, as 16 investors sold TC PipeLines, LP shares while 52 reduced holdings. 8 funds opened positions while 47 raised stakes. 40.18 million shares or 0.75% more from 39.88 million shares in 2017Q2 were reported.
Delta Asset Mgmt Ltd Liability Corporation Tn has invested 0% in TC PipeLines, LP (NYSE:TCP). North Star Inv Corporation reported 0% stake. Center Coast Cap Advisors Ltd Partnership stated it has 4.03M shares or 5.23% of all its holdings. Pnc Service Grp Inc stated it has 9,950 shares. Third Security Ltd Liability Co stated it has 0.32% of its portfolio in TC PipeLines, LP (NYSE:TCP). Nuveen Asset Ltd Liability Corp has 27,679 shares. Bessemer Group Incorporated owns 0% invested in TC PipeLines, LP (NYSE:TCP) for 50 shares. Clearbridge Investments Ltd Llc reported 0.11% in TC PipeLines, LP (NYSE:TCP). The Rhode Island-based Endurance Wealth Management has invested 0.02% in TC PipeLines, LP (NYSE:TCP). Renaissance Technology Limited Co reported 0.01% of its portfolio in TC PipeLines, LP (NYSE:TCP). The Virginia-based Catawba Capital Mgmt Va has invested 0.18% in TC PipeLines, LP (NYSE:TCP). Hsbc Hldg Public Limited Co holds 65,000 shares. Oxbow Advisors Limited Com has 0.13% invested in TC PipeLines, LP (NYSE:TCP). Mariner Investment Gp Limited Com reported 3.25% stake. Bankshares Of America De has invested 0% of its portfolio in TC PipeLines, LP (NYSE:TCP).

TC PipeLines, LP (NYSE:TCP) Ratings Coverage

Among 10 analysts covering TC Pipelines (NYSE:TCP), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. TC Pipelines had 24 analyst reports since July 22, 2015 according to SRatingsIntel. Ladenburg Thalmann upgraded the stock to “Buy” rating in Wednesday, November 11 report. RBC Capital Markets upgraded the shares of TCP in report on Monday, December 12 to “Outperform” rating. The firm earned “Buy” rating on Sunday, October 29 by RBC Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Sunday, August 20. Barclays Capital downgraded the shares of TCP in report on Monday, June 20 to “Underweight” rating. The firm has “Market Perform” rating given on Wednesday, November 15 by Wells Fargo. On Tuesday, November 7 the stock rating was maintained by UBS with “Buy”. The firm earned “Underweight” rating on Thursday, August 3 by Barclays Capital. RBC Capital Markets maintained the stock with “Buy” rating in Monday, September 25 report. The firm earned “Neutral” rating on Wednesday, July 27 by Citigroup. Below is a list of TC PipeLines, LP (NYSE:TCP) latest ratings and price target changes.

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
09/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $68.0 Maintain
07/11/2017 Broker: UBS Rating: Buy Old Target: $63 New Target: $61 Maintain
29/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $72.0 Maintain
25/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $72.0 Maintain
20/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $72.0 Maintain
03/08/2017 Broker: Barclays Capital Rating: Underweight Old Target: $57 New Target: $58 Maintain

The stock increased 1.17% or $0.64 during the last trading session, reaching $55.17. About 259,243 shares traded or 19.24% up from the average. TC PipeLines, LP (NYSE:TCP) has risen 7.30% since January 13, 2017 and is uptrending. It has underperformed by 9.40% 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 $1.93 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 17.88 P/E ratio. It serves large utilities, local distribution companies, natural gas marketers, producing companies, and other interstate pipelines, including affiliates.

Another recent and important TC PipeLines, LP (NYSE:TCP) news was published by Seekingalpha.com which published an article titled: “Easy Peasy Lemon Dividends” on January 05, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.