Mathes Company Inc. acquired a new stake in shares of TC Pipelines, LP (NYSE:TCP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,125 shares of the pipeline company’s stock, valued at approximately $272,000.

A number of other hedge funds also recently bought and sold shares of TCP. The Manufacturers Life Insurance Company increased its position in TC Pipelines by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,013 shares of the pipeline company’s stock valued at $111,000 after buying an additional 149 shares in the last quarter. Cetera Investment Advisers bought a new position in TC Pipelines during the 2nd quarter valued at approximately $204,000. Wedbush Securities Inc. bought a new position in TC Pipelines during the 3rd quarter valued at approximately $204,000. Veritable L.P. increased its position in TC Pipelines by 15.6% during the 2nd quarter. Veritable L.P. now owns 4,434 shares of the pipeline company’s stock valued at $244,000 after buying an additional 599 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in TC Pipelines during the 2nd quarter valued at approximately $369,000. 60.96% of the stock is owned by institutional investors.

A number of research firms have commented on TCP. Citigroup raised TC Pipelines from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, December 8th. Barclays reissued a “sell” rating and issued a $55.00 target price on shares of TC Pipelines in a report on Friday. UBS Group reduced their target price on TC Pipelines from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Tudor Pickering began coverage on TC Pipelines in a report on Friday, January 12th. They issued a “hold” rating and a $58.00 target price for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $72.00 target price on shares of TC Pipelines in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $59.89.

TC Pipelines, LP (NYSE TCP) traded up $0.97 during trading on Friday, hitting $55.19. The company’s stock had a trading volume of 150,071 shares, compared to its average volume of 198,085. The company has a market cap of $3,830.00, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. TC Pipelines, LP has a twelve month low of $48.55 and a twelve month high of $65.03. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 2.38.

TC Pipelines (NYSE:TCP) last released its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). The firm had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $126.78 million. TC Pipelines had a return on equity of 21.46% and a net margin of 64.04%. research analysts expect that TC Pipelines, LP will post 3.14 earnings per share for the current fiscal year.

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TC Pipelines Company 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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Institutional Ownership by Quarter for TC Pipelines (NYSE:TCP)

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