Green Square Capital LLC cut its position in TC Pipelines, LP (NYSE:TCP) by 41.0% during the second quarter, Holdings Channel reports. The firm owned 11,473 shares of the company’s stock after selling 7,967 shares during the period. Green Square Capital LLC’s holdings in TC Pipelines, were worth $657,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TCP. Shanda Payment Holdings Ltd. raised its stake in shares of TC Pipelines, by 997.9% in the first quarter. Shanda Payment Holdings Ltd. now owns 51,965 shares of the company’s stock worth $2,506,000 after buying an additional 47,232 shares during the period. Bessemer Group Inc. raised its stake in shares of TC Pipelines, by 26.3% in the first quarter. Bessemer Group Inc. now owns 79,319 shares of the company’s stock worth $3,824,000 after buying an additional 16,536 shares during the period. ING Groep NV bought a new stake in shares of TC Pipelines, during the first quarter worth about $5,951,000. State Street Corp raised its stake in shares of TC Pipelines, by 4.1% in the first quarter. State Street Corp now owns 41,251 shares of the company’s stock worth $1,989,000 after buying an additional 1,614 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of TC Pipelines, by 16.5% in the first quarter. Goldman Sachs Group Inc. now owns 807,892 shares of the company’s stock worth $38,957,000 after buying an additional 114,283 shares during the period.

Shares of TC Pipelines, LP (NYSE:TCP) traded up 1.39% during trading on Thursday, hitting $55.44. 245,056 shares of the stock traded hands. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 170.06 and a beta of 0.73. The firm’s 50-day moving average price is $53.10 and its 200-day moving average price is $53.50. TC Pipelines, LP has a 52 week low of $34.25 and a 52 week high of $60.48.

TC Pipelines, (NYSE:TCP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.12. On average, equities research analysts anticipate that TC Pipelines, LP will post $3.28 earnings per share for the current year.

TCP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of TC Pipelines, from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, May 27th. Royal Bank Of Canada boosted their target price on shares of TC Pipelines, from $53.00 to $61.00 and gave the company a “sector perform” rating in a research note on Monday, June 13th. Barclays PLC lowered shares of TC Pipelines, from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $53.00 to $49.00 in a research note on Monday, June 20th. Zacks Investment Research lowered shares of TC Pipelines, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $53.00 target price on shares of TC Pipelines, in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.88.

TC Pipelines, Company Profile

TC PipeLines, LP is a limited partnership company that 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. The Company has approximately four pipelines and equity ownership interests in over three natural gas interstate pipeline systems that are collectively designed to transport natural gas from producing regions and import facilities to market hubs, and consuming markets primarily in the Western, Midwestern and Eastern United States.

5 Day Chart for NYSE:TCP

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