TC Pipelines Lpunits Representing Limited (NYSE:TCP) Can’t Be More Risky. Short Interest Increased

April 16, 2018 - By Peter Erickson

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.
1,088 are held by Finance Architects Inc. Weybosset Research & Limited Liability Company, Rhode Island-based fund reported 99,066 shares. Moreover, Mariner Inv Grp Limited Liability Co has 2.22% invested in TC PipeLines, LP (NYSE:TCP). Cbre Clarion owns 44,823 shares. Raymond James & reported 19,172 shares. Freestone Hldg Ltd Liability Company reported 0.35% in TC PipeLines, LP (NYSE:TCP). Texas Yale Capital Corp holds 0.66% or 145,388 shares. Advsrs Asset Management has 0.02% invested in TC PipeLines, LP (NYSE:TCP) for 23,250 shares. Deutsche National Bank & Trust Ag invested in 0.01% or 422,417 shares. Trust Asset Management holds 16,045 shares or 0.32% of its portfolio. Evercore Wealth Mgmt Lc has invested 0% of its portfolio in TC PipeLines, LP (NYSE:TCP). First Manhattan Company holds 3,050 shares or 0% of its portfolio. Stifel Financial Corporation holds 0% or 9,746 shares. Driehaus Capital Mgmt Ltd Limited Liability Company accumulated 44,499 shares or 0.09% of the stock. 12,400 are held by Mai Cap Management.

The stock of TC Pipelines Lpunits Representing Limited (NYSE:TCP) registered an increase of 3.19% in short interest. TCP’s total short interest was 1.46M shares in April as published by FINRA. Its up 3.19% from 1.42 million shares, reported previously. With 152,600 shares average volume, it will take short sellers 10 days to cover their TCP’s short positions. The short interest to TC Pipelines Lpunits Representing Limited’s float is 3.01%.

The stock increased 4.14% or $1.3 during the last trading session, reaching $32.73. About 426,642 shares traded or 40.42% up from the average. TC PipeLines, LP (NYSE:TCP) has declined 41.45% since April 16, 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 $2.33 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 10.34 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) 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 company was maintained on Thursday, March 22 by Wells Fargo. The stock of TC PipeLines, LP (NYSE:TCP) earned “Buy” rating by Citigroup on Friday, December 8. The company was maintained on Sunday, October 29 by RBC Capital Markets. On Tuesday, January 16 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was downgraded on Wednesday, March 21 by Bank of America. The stock has “Buy” rating by RBC Capital Markets on Thursday, November 9. UBS maintained it with “Buy” rating and $55 target in Friday, March 2 report. The firm has “Buy” rating by Citigroup given on Wednesday, March 28. UBS maintained the stock with “Buy” rating in Tuesday, November 7 report. As per Friday, March 23, the company rating was maintained by Morgan Stanley.

TC PipeLines, LP (NYSE:TCP) Institutional Positions Chart

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