TC Pipelines, LP (TCP) Is At $51.84 Formed Wedge; I-G Investment Management LTD Lowered Visa (V) Position

November 15, 2017 - By Hazel Jackson

I-G Investment Management Ltd decreased Visa Inc (V) stake by 4.12% reported in 2017Q2 SEC filing. I-G Investment Management Ltd sold 16,700 shares as Visa Inc (V)’s stock rose 5.74%. The I-G Investment Management Ltd holds 388,557 shares with $36.44 million value, down from 405,257 last quarter. Visa Inc now has $256.07 billion valuation. The stock increased 0.50% or $0.56 during the last trading session, reaching $111.98. About 250 shares traded. Visa Inc (NYSE:V) has risen 20.29% since November 15, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

TC Pipelines, LP (TCP) formed wedge down with $48.73 target or 6.00% below today’s $51.84 share price. TC Pipelines, LP (TCP) has $3.62B valuation. The stock decreased 0.58% or $0.31 during the last trading session, reaching $51.84. About shares traded. TC Pipelines, LP (NYSE:TCP) has risen 7.30% since November 15, 2016 and is uptrending. It has underperformed by 9.40% the S&P500.

Analysts await Visa Inc (NYSE:V) to report earnings on February, 1. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.22 billion for 28.86 P/E if the $0.97 EPS becomes a reality. After $0.90 actual earnings per share reported by Visa Inc for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

I-G Investment Management Ltd increased Unitedhealth Group Inc (NYSE:UNH) stake by 5,000 shares to 49,510 valued at $9.18 million in 2017Q2. It also upped Amgen Inc (NASDAQ:AMGN) stake by 46,295 shares and now owns 210,895 shares. Starbucks Corp (NASDAQ:SBUX) was raised too.

Investors sentiment increased to 1.13 in 2017 Q2. Its up 0.09, from 1.04 in 2017Q1. It increased, as 44 investors sold V shares while 564 reduced holdings. 123 funds opened positions while 564 raised stakes. 1.66 billion shares or 1.28% less from 1.68 billion shares in 2017Q1 were reported. Locust Wood Cap Advisers Llc holds 2.86% or 281,100 shares in its portfolio. Sands Mgmt Lc reported 7.09% in Visa Inc (NYSE:V). Janney Mngmt Ltd Liability Company has 192,928 shares. Moreover, Mackenzie has 0.59% invested in Visa Inc (NYSE:V) for 1.12 million shares. The New York-based Cim Ltd Liability has invested 0.27% in Visa Inc (NYSE:V). Tudor Et Al owns 13,559 shares. Carroll Assocs holds 0.12% or 10,575 shares in its portfolio. Crestpoint Capital Mngmt Lc has invested 1.64% of its portfolio in Visa Inc (NYSE:V). Wilbanks Smith & Thomas Asset accumulated 0.11% or 13,312 shares. Boston Limited Liability accumulated 0.27% or 123,281 shares. Ntv Asset invested 0.74% of its portfolio in Visa Inc (NYSE:V). Parsons Mngmt Ri reported 0.27% stake. Campbell Newman Asset Mngmt has invested 0.14% in Visa Inc (NYSE:V). North Star Asset Mgmt Inc reported 133,821 shares. Adams Diversified Equity Fund has 322,000 shares.

Among 39 analysts covering Visa Inc. (NYSE:V), 32 have Buy rating, 0 Sell and 7 Hold. Therefore 82% are positive. Visa Inc. had 92 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, October 18 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was maintained by Citigroup with “Buy” on Wednesday, October 18. The firm has “Overweight” rating given on Thursday, October 26 by Barclays Capital. On Friday, January 20 the stock rating was upgraded by Wedbush to “Outperform”. RBC Capital Markets maintained Visa Inc (NYSE:V) rating on Friday, September 22. RBC Capital Markets has “Buy” rating and $124.0 target. As per Friday, August 14, the company rating was maintained by JP Morgan. Cowen & Co maintained the stock with “Outperform” rating in Friday, June 23 report. S&P Research downgraded the stock to “Hold” rating in Tuesday, July 28 report. On Friday, August 11 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Loop Capital initiated it with “Buy” rating and $98 target in Wednesday, February 15 report.

Among 9 analysts covering TC Pipelines (NYSE:TCP), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. TC Pipelines had 22 analyst reports since July 22, 2015 according to SRatingsIntel. Citigroup maintained TC Pipelines, LP (NYSE:TCP) on Wednesday, July 27 with “Neutral” rating. The rating was upgraded by Ladenburg Thalmann on Wednesday, November 11 to “Buy”. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, July 20. RBC Capital Markets maintained TC Pipelines, LP (NYSE:TCP) on Sunday, October 29 with “Buy” rating. On Monday, May 15 the stock rating was maintained by Wolfe Research with “Market Perform”. The stock of TC Pipelines, LP (NYSE:TCP) has “Underweight” rating given on Thursday, August 3 by Barclays Capital. Barclays Capital maintained TC Pipelines, LP (NYSE:TCP) on Friday, August 7 with “Equal Weight” rating. The rating was maintained by RBC Capital Markets on Tuesday, August 11 with “Sector Perform”. The company was maintained on Monday, September 25 by RBC Capital Markets. On Thursday, November 9 the stock rating was maintained by RBC Capital Markets with “Buy”.

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