TC Pipelines Lpunits Representing Limited (NYSE:TCP) Shorted Shares Increased By 0.2%

September 30, 2018 - By Jack Shaw

Investors sentiment decreased to 0.6 in Q2 2018. Its down 0.20, from 0.8 in 2018Q1. It turned negative, as 31 investors sold TC PipeLines, LP shares while 37 reduced holdings. 14 funds opened positions while 27 raised stakes. 40.67 million shares or 10.95% less from 45.67 million shares in 2018Q1 were reported.
Estabrook Mngmt stated it has 0% of its portfolio in TC PipeLines, LP (NYSE:TCP). Goldman Sachs Gp Inc reported 881,529 shares stake. Gradient Limited Liability Corporation accumulated 400 shares. Regions Financial has invested 0% in TC PipeLines, LP (NYSE:TCP). Delta Asset Management Ltd Limited Liability Company Tn holds 0% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 7 shares. Citadel Advsrs Limited Liability Company holds 27,055 shares or 0% of its portfolio. Janney Montgomery Scott Ltd reported 0% stake. Moreover, Kayne Anderson Cap L P has 0.32% invested in TC PipeLines, LP (NYSE:TCP) for 940,327 shares. Alps Advisors Inc owns 4.38M shares or 1.48% of their US portfolio. Green Square Cap Ltd Llc holds 0.08% or 19,911 shares in its portfolio. Bollard Lc stated it has 0.01% in TC PipeLines, LP (NYSE:TCP). Clearbridge Ltd Limited Liability Company holds 0.04% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 1.95M shares. State Of New Jersey Common Pension Fund D has invested 0.01% in TC PipeLines, LP (NYSE:TCP). Blackhill Capital reported 0.44% of its portfolio in TC PipeLines, LP (NYSE:TCP). Glob X Mgmt Ltd Liability owns 38,270 shares.

The stock of TC Pipelines Lpunits Representing Limited (NYSE:TCP) registered an increase of 0.2% in short interest. TCP’s total short interest was 2.21M shares in September as published by FINRA. Its up 0.2% from 2.20 million shares, reported previously. With 280,800 shares average volume, it will take short sellers 8 days to cover their TCP’s short positions. The short interest to TC Pipelines Lpunits Representing Limited’s float is 4.65%.

The stock increased 0.33% or $0.1 during the last trading session, reaching $30.33. About 398,480 shares traded or 5.60% up from the average. TC PipeLines, LP (NYSE:TCP) has declined 32.00% since September 30, 2017 and is downtrending. It has underperformed by 47.62% 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 $2.16 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 8.13 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 4 analysts covering TC Pipelines (NYSE:TCP), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. TC Pipelines had 7 analyst reports since April 17, 2018 according to SRatingsIntel. The stock of TC PipeLines, LP (NYSE:TCP) has “Underweight” rating given on Thursday, May 3 by Morgan Stanley. Barclays Capital maintained it with “Underweight” rating and $32 target in Monday, August 6 report. Barclays Capital maintained TC PipeLines, LP (NYSE:TCP) on Thursday, May 3 with “Underweight” rating. Barclays Capital maintained TC PipeLines, LP (NYSE:TCP) rating on Tuesday, April 17. Barclays Capital has “Underweight” rating and $31 target. On Monday, May 14 the stock rating was downgraded by Citigroup to “Neutral”. The stock of TC PipeLines, LP (NYSE:TCP) earned “Hold” rating by RBC Capital Markets on Thursday, May 3. Citigroup maintained the shares of TCP in report on Tuesday, July 31 with “Neutral” rating.

Another recent and important TC PipeLines, LP (NYSE:TCP) news was published by which published an article titled: “Alerian Index Series September 2018 Index Review” on September 14, 2018.

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

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