Green Square Capital LLC reduced its stake in shares of TC Pipelines, LP (NYSE:TCP) by 41.0% during the second quarter, Holdings Channel reports. The fund 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CT Mason boosted its position in shares of TC Pipelines, by 57.4% in the second quarter. CT Mason now owns 107,122 shares of the company’s stock valued at $6,134,000 after buying an additional 39,057 shares during the last quarter. Spirit of America Management Corp NY boosted its position in shares of TC Pipelines, by 35.8% in the second quarter. Spirit of America Management Corp NY now owns 165,334 shares of the company’s stock valued at $9,467,000 after buying an additional 43,598 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of TC Pipelines, during the second quarter valued at about $939,000. Energy Income Partners LLC boosted its position in shares of TC Pipelines, by 5.2% in the first quarter. Energy Income Partners LLC now owns 2,604,826 shares of the company’s stock valued at $125,605,000 after buying an additional 129,115 shares during the last quarter. Finally, Avalon Advisors LLC boosted its position in shares of TC Pipelines, by 22.5% in the first quarter. Avalon Advisors LLC now owns 8,515 shares of the company’s stock valued at $411,000 after buying an additional 1,563 shares during the last quarter.

TC Pipelines, LP (NYSE:TCP) traded up 1.39% during mid-day trading on Thursday, hitting $55.44. 245,056 shares of the stock traded hands. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 170.06 and a beta of 0.73. TC Pipelines, LP has a 1-year low of $34.25 and a 1-year high of $60.48. The stock has a 50-day moving average of $53.10 and a 200 day moving average of $53.50.

TC Pipelines, (NYSE:TCP) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12. On average, equities analysts expect that TC Pipelines, LP will post $3.28 EPS for the current year.

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of TC Pipelines, from $53.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, June 13th. Citigroup Inc. increased their price target on shares of TC Pipelines, from $52.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Zacks Investment Research cut shares of TC Pipelines, from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $53.00 price target on shares of TC Pipelines, in a research note on Wednesday, July 20th. Finally, JPMorgan Chase & Co. increased 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. TC Pipelines, has a consensus rating of “Hold” and a consensus price target of $54.88.

About TC Pipelines,

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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