November 17, 2016 - By Darrin Black · 0 Comments
The stock of TC Pipelines LP (NYSE:TCP) registered an increase of 7.26% in short interest. TCP’s total short interest was 338,500 shares in November as published by FINRA. Its up 7.26% from 315,600 shares, reported previously. With 343,600 shares average volume, it will take short sellers 1 days to cover their TCP’s short positions. The short interest to TC Pipelines LP’s float is 0.69%. About 14,743 shares traded hands. TC Pipelines, LP (NYSE:TCP) has risen 3.82% since April 15, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.
TC PipeLines, LP is a limited partnership firm that acquires, owns and participates in the management of energy infrastructure businesses in North America. The company has a market cap of $3.63 billion. The Company’s pipeline systems transport natural gas in the United States. It has a 259.45 P/E ratio. The Firm has approximately four pipelines and equity ownership interests in over three natural gas interstate pipeline systems that are collectively designed to transport natural gas from producing regions and import facilities to market hubs, and consuming markets primarily in the Western, Midwestern and Eastern United States.
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.70, from 1.58 in 2016Q1. The ratio dived, as 18 funds sold all TC Pipelines, LP shares owned while 51 reduced positions. 20 funds bought stakes while 41 increased positions. They now own 35.67 million shares or 2.47% more from 34.81 million shares in 2016Q1.
The New York-based Blackrock has invested 0% in TC Pipelines, LP (NYSE:TCP). Advsrs Ltd holds 8,971 shares or 0.05% of its portfolio. Conning has 0.08% invested in the company for 32,989 shares. Alliancebernstein Limited Partnership reported 8,133 shares or 0% of all its holdings. Retail Bank Of Montreal Can owns 138,000 shares or 0.01% of their US portfolio. Delta Asset Mngmt Ltd Liability Co Tn has 15 shares for 0% of their US portfolio. Nuveen Asset Management Limited Liability Com accumulated 29,709 shares or 0.01% of the stock. Jpmorgan Chase & last reported 0.01% of its portfolio in the stock. State Street last reported 0% of its portfolio in the stock. Architects Inc last reported 418 shares in the company. Westwood Holding Gru has 0.09% invested in the company for 174,374 shares. Creegan & Nassoura Fincl Group Inc Lc has 5,295 shares for 0.36% of their US portfolio. Citigroup Inc last reported 156,262 shares in the company. Pennsylvania Tru accumulated 0.04% or 8,000 shares. Fin Advisers Ltd Liability Co has 4,445 shares for 0% of their US portfolio.
Out of 7 analysts covering TC Pipelines (NYSE:TCP), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. TC Pipelines has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of TC Pipelines, LP (NYSE:TCP) has “Neutral” rating given on Friday, May 6 by Ladenburg Thalmann. The firm has “Buy” rating by Bank of America given on Monday, December 21. On Wednesday, November 11 the stock rating was upgraded by Ladenburg Thalmann to “Buy”. On Wednesday, July 20 the stock rating was maintained by Goldman Sachs with “Neutral”. On Wednesday, July 27 the stock rating was maintained by Citigroup with “Neutral”. JP Morgan maintained it with “Neutral” rating and $55 target price in Friday, May 27 report. The company was maintained on Monday, June 13 by RBC Capital Markets. Barclays Capital downgraded TC Pipelines, LP (NYSE:TCP) rating on Monday, June 20. Barclays Capital has “Underweight” rating and $49 price target. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, August 11. Barclays Capital maintained TC Pipelines, LP (NYSE:TCP) on Friday, August 7 with “Equal Weight” rating.
TC PipeLines, LP, incorporated on December 16, 1998, is a limited partnership firm that 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. The Firm is managed by its General Partner, which is an indirect subsidiary of TransCanada. The Firm has approximately four pipelines and equity ownership interests in over 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. All of its pipeline systems are operated by subsidiaries of TransCanada. The Company’s pipeline systems include Gas Transmission Northwest LLC (GTN), Northern Border Pipeline Company (Northern Border), Bison Pipeline LLC (Bison), Great Lakes Gas Transmission Limited Partnership (Great Lakes), North Baja Pipeline, LLC (North Baja), Tuscarora Gas Transmission Company (Tuscarora) and Portland Natural Gas Transmission System (PNGTS).
More notable recent TC Pipelines, LP (NYSE:TCP) news were published by: Marketwatch.com which released: “TC PipeLines, LP Announces 2016 Third Quarter Cash Distribution” on October 20, 2016, also Marketwired.com with their article: “TC PipeLines, LP Announces 2016 Third Quarter Financial Results” published on November 04, 2016, Marketwired.com published: “TC PipeLines, LP to Attend RBC Capital Markets 2016 MLP Conference” on November 10, 2016. More interesting news about TC Pipelines, LP (NYSE:TCP) were released by: Marketwatch.com and their article: “TC PipeLines downgraded to underweight from equal weight at Barclays” published on October 25, 2011 as well as Nasdaq.com‘s news article titled: “TC PipeLines, LP (TCP) Ex-Dividend Date Scheduled for October 28, 2016” with publication date: October 27, 2016.
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By Darrin Black