TC PipeLines, LP (TCP) Holdings Boosted by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC grew its position in TC PipeLines, LP (NYSE:TCP) by 89.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,048 shares of the pipeline company’s stock after purchasing an additional 4,270 shares during the quarter. Virtu KCG Holdings LLC’s holdings in TC PipeLines, were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ffcm LLC boosted its position in shares of TC PipeLines, by 225.7% in the second quarter. Ffcm LLC now owns 2,052 shares of the pipeline company’s stock worth $120,000 after purchasing an additional 1,422 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of TC PipeLines, in the first quarter worth approximately $138,000. Penserra Capital Management LLC boosted its position in shares of TC PipeLines, by 214.7% in the second quarter. Penserra Capital Management LLC now owns 2,813 shares of the pipeline company’s stock worth $154,000 after purchasing an additional 1,919 shares during the period. Proficio Capital Partners LLC bought a new position in shares of TC PipeLines, in the first quarter worth approximately $217,000. Finally, TradeLink Capital LLC bought a new position in shares of TC PipeLines, in the second quarter worth approximately $209,000. Institutional investors and hedge funds own 60.61% of the company’s stock.
TC PipeLines, LP (TCP) opened at 53.89 on Wednesday. TC PipeLines, LP has a 52-week low of $47.12 and a 52-week high of $65.03. The firm has a 50 day moving average of $52.20 and a 200-day moving average of $55.57. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 17.17 and a beta of 1.00.
TC PipeLines, (NYSE:TCP) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The firm had revenue of $101.00 million for the quarter, compared to analyst estimates of $117.39 million. TC PipeLines, had a return on equity of 19.77% and a net margin of 62.63%. Equities analysts expect that TC PipeLines, LP will post $3.22 EPS for the current year.
A number of research firms have weighed in on TCP. Barclays PLC reiterated an “underweight” rating and issued a $58.00 price target (up from $57.00) on shares of TC PipeLines, in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $72.00 price target on shares of TC PipeLines, in a research report on Wednesday, September 27th. BidaskClub lowered shares of TC PipeLines, from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research lowered shares of TC PipeLines, from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.80.
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TC PipeLines, Profile
TC PipeLines, LP is a master limited partnership. The Company 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. As of December 31, 2016, the Company had four pipelines and equity ownership interests in 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.
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