NBC Securities Inc. Has $150,000 Stock Holdings in TC Energy Co. (NYSE:TRP)

NBC Securities Inc. lowered its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 12.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,169 shares of the pipeline company’s stock after selling 464 shares during the quarter. NBC Securities Inc.’s holdings in TC Energy were worth $150,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in TC Energy in the second quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. boosted its stake in TC Energy by 138.8% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 429 shares during the last quarter. Mather Group LLC. bought a new position in TC Energy during the 2nd quarter worth approximately $33,000. Ashton Thomas Private Wealth LLC bought a new stake in TC Energy in the second quarter valued at approximately $51,000. Finally, Olistico Wealth LLC bought a new stake in TC Energy in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Stock Up 1.2 %

NYSE:TRP opened at $48.10 on Friday. The stock has a 50-day simple moving average of $45.87 and a 200 day simple moving average of $41.22. TC Energy Co. has a 52-week low of $30.48 and a 52-week high of $48.20. The company has a market cap of $48.10 billion, a PE ratio of 24.79, a PEG ratio of 3.84 and a beta of 0.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.68 and a current ratio of 0.76.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.29. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the company earned $0.71 earnings per share. On average, sell-side analysts expect that TC Energy Co. will post 3.05 EPS for the current fiscal year.

TC Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.702 per share. The ex-dividend date is Friday, September 27th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 5.84%. TC Energy’s dividend payout ratio is 146.39%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRP. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. UBS Group raised TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. Veritas raised TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. StockNews.com began coverage on TC Energy in a research report on Saturday, October 5th. They issued a “hold” rating for the company. Finally, Barclays upgraded shares of TC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, TC Energy has a consensus rating of “Hold” and a consensus price target of $43.50.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.