Can analysts adopt a bullish outlook for TC PipeLines, LP (NYSE:TCP)?

April 17, 2018 - By Marguerite Chambers

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.10, from 0.81 in 2017Q3. It improved, 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.
Goldman Sachs Group Inc holds 0.01% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 956,427 shares. Jpmorgan Chase Co accumulated 1.09M shares or 0.01% of the stock. Lpl Limited Liability Company stated it has 0.01% in TC PipeLines, LP (NYSE:TCP). Us National Bank & Trust De holds 0% or 2,050 shares. 20,515 are owned by Parkside Bank & Trust And. Veritable L P reported 0% stake. The Tennessee-based Highland Mgmt Ltd Limited Liability Company has invested 0.02% in TC PipeLines, LP (NYSE:TCP). Advisors Asset Mgmt holds 0.02% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 23,250 shares. Segment Wealth Mngmt owns 12,500 shares for 0.16% of their portfolio. Raymond James Associates holds 0% or 19,172 shares in its portfolio. 15,000 are held by Bb&T. Clearbridge Invs Ltd Limited Liability Company holds 0.11% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 2.17 million shares. Kistler holds 500 shares or 0.01% of its portfolio. Castleark Management Lc holds 18,990 shares. Ing Groep Nv, Netherlands-based fund reported 13,000 shares.

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 has “Market Perform” rating by Wells Fargo on Wednesday, November 15. The stock of TC PipeLines, LP (NYSE:TCP) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. As per Wednesday, March 21, the company rating was downgraded by Bank of America. The stock has “Buy” rating by Citigroup on Friday, December 8. On Thursday, March 22 the stock rating was maintained by Wells Fargo with “Hold”. The stock has “Buy” rating by RBC Capital Markets on Thursday, November 9. Citigroup maintained the stock with “Buy” rating in Wednesday, March 28 report. UBS maintained it with “Buy” rating and $55 target in Friday, March 2 report. The stock has “Buy” rating by UBS on Tuesday, November 7. As per Monday, March 19, the company rating was downgraded by UBS. 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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