Tc Pipelines LP (TCP) Shareholder Argyll Research LLC Has Trimmed Its Holding

October 13, 2017 - By Migdalia James

Investors sentiment increased to 1.49 in Q2 2017. Its up 0.03, from 1.46 in 2017Q1. It improved, as 15 investors sold TCP shares while 34 reduced holdings. 18 funds opened positions while 55 raised stakes. 39.88 million shares or 2.20% more from 39.02 million shares in 2017Q1 were reported. Hsbc Hldg Pcl invested in 38,000 shares. Catawba Capital Mgmt Va holds 0.2% or 16,287 shares. Williams Jones Assoc Limited holds 0.01% or 9,759 shares. Argyll Lc reported 20.91% of its portfolio in TC Pipelines, LP (NYSE:TCP). Capital Investment Advisors Ltd Liability Corp has invested 0.03% in TC Pipelines, LP (NYSE:TCP). Richard C Young And, Rhode Island-based fund reported 114,931 shares. Everett Harris Ca has invested 0.17% in TC Pipelines, LP (NYSE:TCP). Fidelity Fincl accumulated 1.74% or 139,000 shares. Castleark Mngmt reported 19,640 shares. Pennsylvania Trust owns 8,000 shares or 0.02% of their US portfolio. Alliancebernstein Limited Partnership owns 11,993 shares. Cohen & Steers stated it has 0.01% in TC Pipelines, LP (NYSE:TCP). Hightower Advsrs Ltd Co has invested 0% in TC Pipelines, LP (NYSE:TCP). Veritable LP reported 4,434 shares. Alps Advsrs has 1.45% invested in TC Pipelines, LP (NYSE:TCP).

Argyll Research Llc decreased its stake in Tc Pipelines Lp (TCP) by 9.2% based on its latest 2017Q2 regulatory filing with the SEC. Argyll Research Llc sold 171,708 shares as the company’s stock declined 7.93% while stock markets rallied. The institutional investor held 1.69M shares of the public utilities company at the end of 2017Q2, valued at $93.22 million, down from 1.87M at the end of the previous reported quarter. Argyll Research Llc who had been investing in Tc Pipelines Lp for a number of months, seems to be less bullish one the $3.74B market cap company. The stock declined 0.39% or $0.21 reaching $53.96 per share. About 97,164 shares traded. TC Pipelines, LP (NYSE:TCP) has risen 7.30% since October 13, 2016 and is uptrending. It has underperformed by 9.40% the S&P500.

Argyll Research Llc, which manages about $445.76M US Long portfolio, upped its stake in Enterprise Products Partners Lp (NYSE:EPD) by 619,918 shares to 11.92 million shares, valued at $322.73 million in 2017Q2, according to the filing.

Wall Street await TC Pipelines, LP (NYSE:TCP) to release earnings on November, 3. Analysts forecast earnings per share of $0.65, exactly $0.00 or 0.00 % from 2014’s $0.65 EPS. The expected TCP’s profit could reach $45.05M giving the stock 20.75 P/E in the case that $0.65 earnings per share is reported. After posting $0.73 EPS for the previous quarter, TC Pipelines, LP’s analysts now forecast -10.96 % negative EPS growth.

Another recent and important TC Pipelines, LP (NYSE:TCP) news was published by Nasdaq.com which published an article titled: “TC PipeLines, LP (TCP) Ex-Dividend Date Scheduled for July 28, 2017” on July 27, 2017.

TC Pipelines, LP (NYSE:TCP) Ratings Coverage

Among 8 analysts covering TC Pipelines (NYSE:TCP), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. TC Pipelines had 19 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of TC Pipelines, LP (NYSE:TCP) has “Underweight” rating given on Thursday, August 3 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, August 20. On Wednesday, November 11 the stock rating was upgraded by Ladenburg Thalmann to “Buy”. The stock of TC Pipelines, LP (NYSE:TCP) earned “Sector Perform” rating by RBC Capital Markets on Monday, June 13. As per Wednesday, July 20, the company rating was maintained by Goldman Sachs. Ladenburg Thalmann downgraded it to “Neutral” rating and $54 target in Friday, May 6 report. The stock has “Buy” rating by RBC Capital Markets on Monday, September 25. The stock of TC Pipelines, LP (NYSE:TCP) earned “Outperform” rating by RBC Capital Markets on Monday, December 12. Wolfe Research maintained the stock with “Market Perform” rating in Monday, May 15 report. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, August 7.

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