TC Pipelines LP (TCP) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on TC Pipelines LP. TC Pipelines LP was Initiated by Morgan Stanley to “Underweight” on Apr 13, 2016.
TC Pipelines LP opened for trading at $55.35 and hit $55.9953 on the upside on Wednesday, eventually ending the session at $54.77, with a gain of 0.83% or 0.45 points. The heightened volatility saw the trading volume jump to 1,23,799 shares. Company has a market cap of $3,627 M.
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 is managed by its General Partner which is an indirect wholly owned subsidiary of TransCanada. It has equity ownership interests in two natural gas interstate pipeline systems as well as three wholly-owned and one majority owned pipeline. Collectively the pipelines are designed to transport approximately 8.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western and Midwestern United States. Its pipeline systems include Great Lakes Gas Transmission Limited Partnership Northern Border Pipeline Company Gas Transmission Northwest LLC Bison Pipeline LLC North Baja Pipeline LLC and Tuscarora Gas Transmission Company.