Analysts See $1.08 EPS for TC PipeLines, LP (TCP)

April 21, 2018 - By Ellis Scott

Investors sentiment increased to 0.91 in 2017 Q4. 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.
Spirit Of America Mgmt Corp stated it has 1.3% of its portfolio in TC PipeLines, LP (NYSE:TCP). Fidelity Financial Incorporated holds 1.09% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 139,000 shares. 353,567 are owned by Financial Bank Of America De. Pnc Gp Inc owns 9,830 shares or 0% of their US portfolio. Fincl Mngmt Pro has 0.02% invested in TC PipeLines, LP (NYSE:TCP). Solaris Asset Ltd accumulated 500 shares or 0.02% of the stock. Hightower Advsr Ltd has invested 0% of its portfolio in TC PipeLines, LP (NYSE:TCP). Fifth Third Bank & Trust stated it has 0% of its portfolio in TC PipeLines, LP (NYSE:TCP). Guggenheim Limited Liability Corp stated it has 0% of its portfolio in TC PipeLines, LP (NYSE:TCP). Tortoise Advisors Ltd Liability Corp holds 16 shares or 0% of its portfolio. Northern Trust accumulated 29,796 shares. Oxbow Advisors Ltd Limited Liability Company stated it has 0.13% in TC PipeLines, LP (NYSE:TCP). Kings Point has invested 0.01% in TC PipeLines, LP (NYSE:TCP). Huntington Bancshares stated it has 0.01% of its portfolio in TC PipeLines, LP (NYSE:TCP). Brookfield Asset holds 2.78M shares or 0.61% of its portfolio.

Analysts expect TC PipeLines, LP (NYSE:TCP) to report $1.08 EPS on May, 3.They anticipate $0.03 EPS change or 2.86 % from last quarter’s $1.05 EPS. TCP’s profit would be $77.00M giving it 7.82 P/E if the $1.08 EPS is correct. After having $0.77 EPS previously, TC PipeLines, LP’s analysts see 40.26 % EPS growth. The stock decreased 0.62% or $0.21 during the last trading session, reaching $33.79. About 207,958 shares traded. TC PipeLines, LP (NYSE:TCP) has declined 41.45% since April 21, 2017 and is downtrending. It has underperformed by 53.00% the S&P500.

TC PipeLines, LP (NYSE:TCP) Ratings Coverage

Among 8 analysts covering TC Pipelines (NYSE:TCP), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. TC Pipelines had 14 analyst reports since October 29, 2017 according to SRatingsIntel. The firm has “Underweight” rating by Morgan Stanley given on Friday, March 23. On Thursday, November 9 the stock rating was maintained by RBC Capital Markets with “Buy”. On Monday, March 19 the stock rating was downgraded by UBS to “Neutral”. The firm earned “Underperform” rating on Wednesday, March 21 by Bank of America. On Friday, March 2 the stock rating was maintained by UBS with “Buy”. Wells Fargo maintained it with “Hold” rating and $42.0 target in Thursday, March 22 report. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 29. The rating was maintained by Citigroup with “Buy” on Wednesday, March 28. The stock of TC PipeLines, LP (NYSE:TCP) earned “Buy” rating by RBC Capital Markets on Tuesday, January 16. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, April 17.

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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