As Tc Pipelines LP (TCP) Stock Declined, Evergreen Capital Management LLC Has Decreased Position by $4.97 Million

April 25, 2018 - By Peter Erickson

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.10, from 0.81 in 2017Q3. It increased, as 13 investors sold TCP 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. Tiedemann Wealth Mgmt Limited Liability invested in 419,886 shares. Neuberger Berman Grp Ltd Company accumulated 156,757 shares. The New York-based Clearbridge Invs Limited Liability Company has invested 0.11% in TC PipeLines, LP (NYSE:TCP). The Germany-based Deutsche Comml Bank Ag has invested 0.01% in TC PipeLines, LP (NYSE:TCP). Koch Indus invested in 0.06% or 7,544 shares. Center Coast Cap Advisors Lp holds 3.60 million shares. Endurance Wealth has invested 0.01% in TC PipeLines, LP (NYSE:TCP). Royal Financial Bank Of Canada invested in 0% or 31,023 shares. Solaris Asset Mngmt Ltd Com has invested 0.02% in TC PipeLines, LP (NYSE:TCP). Farmers And Merchants Invests Incorporated owns 8,025 shares. Everett Harris And Com Ca has 0.16% invested in TC PipeLines, LP (NYSE:TCP) for 99,920 shares. Advisory holds 2.02% or 2.30M shares. Credit Suisse Ag holds 15,668 shares. Raymond James Financial Inc, Florida-based fund reported 7,676 shares. Thompson Siegel & Walmsley Lc holds 0% of its portfolio in TC PipeLines, LP (NYSE:TCP) for 5,100 shares.

Evergreen Capital Management Llc decreased its stake in Tc Pipelines Lp (TCP) by 30.83% based on its latest 2017Q4 regulatory filing with the SEC. Evergreen Capital Management Llc sold 93,790 shares as the company’s stock declined 34.01% with the market. The institutional investor held 210,390 shares of the public utilities company at the end of 2017Q4, valued at $11.17 million, down from 304,180 at the end of the previous reported quarter. Evergreen Capital Management Llc who had been investing in Tc Pipelines Lp for a number of months, seems to be less bullish one the $2.44 billion market cap company. The stock increased 0.84% or $0.285 during the last trading session, reaching $34.185. About 95,964 shares traded. TC PipeLines, LP (NYSE:TCP) has declined 41.45% since April 25, 2017 and is downtrending. It has underperformed by 53.00% the S&P500.

Analysts await TC PipeLines, LP (NYSE:TCP) to report earnings on May, 3. They expect $1.08 EPS, up 2.86 % or $0.03 from last year’s $1.05 per share. TCP’s profit will be $77.02M for 7.91 P/E if the $1.08 EPS becomes a reality. After $0.77 actual EPS reported by TC PipeLines, LP for the previous quarter, Wall Street now forecasts 40.26 % EPS growth.

TC PipeLines, LP (NYSE:TCP) Ratings Coverage

Among 8 analysts covering TC Pipelines (NYSE:TCP), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. TC Pipelines had 14 analyst reports since October 29, 2017 according to SRatingsIntel. On Thursday, November 9 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Market Perform” rating on Wednesday, November 15 by Wells Fargo. On Wednesday, March 28 the stock rating was maintained by Citigroup with “Buy”. UBS maintained TC PipeLines, LP (NYSE:TCP) rating on Friday, March 2. UBS has “Buy” rating and $55 target. RBC Capital Markets maintained TC PipeLines, LP (NYSE:TCP) rating on Tuesday, January 16. RBC Capital Markets has “Buy” rating and $66.0 target. UBS maintained the stock with “Buy” rating in Tuesday, November 7 report. The stock has “Underperform” rating by Bank of America on Wednesday, March 21. Citigroup upgraded it to “Buy” rating and $58.0 target in Friday, December 8 report. On Friday, March 23 the stock rating was maintained by Morgan Stanley with “Underweight”. The company was downgraded on Monday, March 19 by UBS.

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

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