As Tc Pipelines LP (TCP) Stock Value Declined, Argyll Research LLC Lowered Holding

October 13, 2017 - By Winifred Garcia

Investors sentiment increased to 1.49 in 2017 Q2. Its up 0.03, from 1.46 in 2017Q1. It increased, 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. Cetera Advsrs Ltd Liability Company stated it has 0.01% in TC Pipelines, LP (NYSE:TCP). Gould Asset Management Ltd Liability Corporation Ca has invested 0.26% in TC Pipelines, LP (NYSE:TCP). Segment Wealth Mgmt Lc holds 12,500 shares or 0.19% of its portfolio. Captrust Fin Advsr holds 390 shares or 0% of its portfolio. Ct Mason has 115,199 shares. Highlander Cap Management Ltd invested 0.03% of its portfolio in TC Pipelines, LP (NYSE:TCP). Raymond James Fin Svcs Advsrs Incorporated has invested 0% of its portfolio in TC Pipelines, LP (NYSE:TCP). Driehaus Mngmt Ltd Liability reported 77,132 shares stake. Alliancebernstein LP owns 11,993 shares. Freestone Capital Hldg Limited Liability stated it has 90,260 shares or 0.4% of all its holdings. Cbre Clarion Securities Ltd Llc has 0.03% invested in TC Pipelines, LP (NYSE:TCP) for 55,750 shares. Everett Harris Com Ca holds 0.17% of its portfolio in TC Pipelines, LP (NYSE:TCP) for 101,870 shares. Jennison Assocs Limited Liability Corporation holds 0.01% or 117,427 shares. Bessemer Group reported 0% stake. Hsbc Hldgs Public Limited Co invested in 38,000 shares.

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 1.69 million shares of the public utilities company at the end of 2017Q2, valued at $93.22M, down from 1.87 million 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 $3.74 billion 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 $445.76 million US Long portfolio, upped its stake in Enterprise Products Partners Lp (NYSE:EPD) by 619,918 shares to 11.92 million shares, valued at $322.73M in 2017Q2, according to the filing.

Analysts await TC Pipelines, LP (NYSE:TCP) to report earnings on November, 3. They expect $0.65 EPS, 0.00 % or $0.00 from last year’s $0.65 per share. TCP’s profit will be $45.05 million for 20.75 P/E if the $0.65 EPS becomes a reality. After $0.73 actual EPS reported by TC Pipelines, LP for the previous quarter, Wall Street now forecasts -10.96 % negative EPS growth.

Another recent and important TC Pipelines, LP (NYSE:TCP) news was published by 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) earned “Neutral” rating by Citigroup on Wednesday, July 27. Ladenburg Thalmann initiated TC Pipelines, LP (NYSE:TCP) on Friday, January 20 with “Neutral” rating. The company was maintained on Friday, May 27 by JP Morgan. On Thursday, August 3 the stock rating was maintained by Barclays Capital with “Underweight”. The stock has “Market Perform” rating by Wolfe Research on Monday, May 15. RBC Capital Markets maintained TC Pipelines, LP (NYSE:TCP) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $72.0 target. The stock of TC Pipelines, LP (NYSE:TCP) has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, July 20. The rating was maintained by Barclays Capital on Friday, August 7 with “Equal Weight”. RBC Capital Markets maintained the shares of TCP in report on Tuesday, August 11 with “Sector Perform” rating.

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