TC Energy Co. (NYSE:TRP) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 215.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,209 shares of the pipeline company’s stock after acquiring an additional 826 shares during the period. Farther Finance Advisors LLC’s holdings in TC Energy were worth $57,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of TC Energy by 1.6% during the 2nd quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock valued at $621,000 after purchasing an additional 261 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 267 shares in the last quarter. Windsor Advisory Group LLC increased its holdings in shares of TC Energy by 2.5% during the 1st quarter. Windsor Advisory Group LLC now owns 12,831 shares of the pipeline company’s stock valued at $516,000 after purchasing an additional 316 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of TC Energy by 1.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 19,873 shares of the pipeline company’s stock valued at $799,000 after purchasing an additional 364 shares in the last quarter. Finally, Stableford Capital II LLC increased its holdings in shares of TC Energy by 1.4% during the 2nd quarter. Stableford Capital II LLC now owns 30,272 shares of the pipeline company’s stock valued at $1,213,000 after purchasing an additional 422 shares in the last quarter. 83.13% of the stock is owned by hedge funds and other institutional investors.

TC Energy Price Performance

TC Energy stock opened at $48.45 on Thursday. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.22. The firm has a market capitalization of $50.28 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 4.06 and a beta of 0.81. The company has a fifty day simple moving average of $46.75 and a 200-day simple moving average of $42.55. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78.

TC Energy (NYSE:TRP) (TSE:TRP) last released its earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. On average, equities analysts anticipate that TC Energy Co. will post 2.98 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. 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. This represents a $3.29 annualized dividend and a dividend yield of 6.79%. TC Energy’s payout ratio is presently 78.95%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of TC Energy in a report on Saturday, October 5th. They set a “hold” rating for the company. Veritas raised shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. Finally, Barclays raised shares of TC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.50.

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.