UMB Bank n.a. Buys Shares of 1,018 TC Energy Co. (NYSE:TRP)

UMB Bank n.a. purchased a new position in TC Energy Co. (NYSE:TRP) (TSE:TRP) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,018 shares of the pipeline company’s stock, valued at approximately $47,000.

Several other institutional investors and hedge funds have also made changes to their positions in TRP. Jackson Square Capital LLC acquired a new position in shares of TC Energy during the 4th quarter valued at $775,000. HB Wealth Management LLC bought a new position in shares of TC Energy during the 4th quarter valued at about $270,000. Hennessy Advisors Inc. grew its stake in shares of TC Energy by 3.5% in the 4th quarter. Hennessy Advisors Inc. now owns 576,700 shares of the pipeline company’s stock worth $26,834,000 after purchasing an additional 19,300 shares during the last quarter. Cohen Investment Advisors LLC raised its holdings in shares of TC Energy by 2.9% in the 4th quarter. Cohen Investment Advisors LLC now owns 9,831 shares of the pipeline company’s stock worth $457,000 after purchasing an additional 279 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in TC Energy by 44.8% during the fourth quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company’s stock worth $1,115,000 after buying an additional 7,412 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TRP shares. Veritas upgraded TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. UBS Group raised shares of TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. TD Securities started coverage on shares of TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, StockNews.com initiated coverage on TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, TC Energy has a consensus rating of “Hold” and a consensus target price of $55.67.

TC Energy Price Performance

Shares of TRP opened at $47.57 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The firm has a market cap of $49.43 billion, a PE ratio of 13.18, a PEG ratio of 4.45 and a beta of 0.82. The firm’s 50 day moving average price is $47.44 and its 200 day moving average price is $45.89. TC Energy Co. has a twelve month low of $31.83 and a twelve month high of $50.37.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. As a group, research analysts expect that TC Energy Co. will post 2.95 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.822 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 6.91%. This is a boost from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s payout ratio is presently 63.43%.

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.