Thompson Siegel & Walmsley LLC held its stake in TC PipeLines, LP (NYSE:TCP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the pipeline company’s stock at the end of the second quarter. Thompson Siegel & Walmsley LLC’s holdings in TC PipeLines, were worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. IFP Advisors Inc grew its holdings in TC PipeLines, by 5.3% in the 1st quarter. IFP Advisors Inc now owns 1,993 shares of the pipeline company’s stock worth $119,000 after buying an additional 100 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in TC PipeLines, in the first quarter worth approximately $138,000. Bronfman E.L. Rothschild L.P. lifted its position in TC PipeLines, by 60.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,785 shares of the pipeline company’s stock worth $166,000 after purchasing an additional 1,050 shares during the period. Penserra Capital Management LLC lifted its position in TC PipeLines, by 214.7% in the second quarter. Penserra Capital Management LLC now owns 2,813 shares of the pipeline company’s stock worth $154,000 after purchasing an additional 1,919 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in TC PipeLines, in the first quarter worth approximately $217,000. 60.61% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on TCP. Barclays PLC restated an “underweight” rating and issued a $58.00 target price (up from $57.00) on shares of TC PipeLines, in a research report on Wednesday, August 9th. BidaskClub downgraded TC PipeLines, from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded TC PipeLines, from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $72.00 target price on shares of TC PipeLines, in a research report on Monday, August 21st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $64.17.
Shares of TC PipeLines, LP (TCP) opened at 50.75 on Friday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 16.17 and a beta of 0.99. The stock has a 50 day moving average price of $52.34 and a 200-day moving average price of $56.38. TC PipeLines, LP has a 12-month low of $47.12 and a 12-month high of $65.03.
TC PipeLines, (NYSE:TCP) last posted its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.01). TC PipeLines, had a return on equity of 19.77% and a net margin of 62.63%. The firm had revenue of $101.00 million for the quarter, compared to analyst estimates of $117.39 million. Equities analysts anticipate that TC PipeLines, LP will post $3.23 EPS for the current fiscal year.
TC PipeLines, Company Profile
TC PipeLines, LP is a master limited partnership. The Company acquires, owns and participates in the management of energy infrastructure businesses in North America. The Company’s pipeline systems transport natural gas in the United States. As of December 31, 2016, the Company had four pipelines and equity ownership interests in three natural gas interstate pipeline systems that are collectively designed to 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.
Receive News & Ratings for TC PipeLines LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TC PipeLines LP and related companies with our FREE daily email newsletter.