HF Advisory Group LLC Has $2.43 Million Stock Holdings in TC Energy Co. (NYSE:TRP)

HF Advisory Group LLC decreased its holdings in shares of TC Energy Co. (NYSE:TRPFree Report) (TSE:TRP) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,258 shares of the pipeline company’s stock after selling 2,365 shares during the quarter. TC Energy makes up about 1.1% of HF Advisory Group LLC’s holdings, making the stock its 25th biggest position. HF Advisory Group LLC’s holdings in TC Energy were worth $2,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fortitude Family Office LLC acquired a new stake in TC Energy in the 3rd quarter worth approximately $28,000. Blue Trust Inc. lifted its stake in shares of TC Energy by 72.0% in the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after buying an additional 267 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of TC Energy during the 4th quarter worth $33,000. Point72 DIFC Ltd acquired a new position in TC Energy in the 3rd quarter valued at $39,000. Finally, Farther Finance Advisors LLC raised its holdings in TC Energy by 215.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,209 shares of the pipeline company’s stock worth $57,000 after acquiring an additional 826 shares during the period. Institutional investors own 83.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research report on Monday, October 21st. UBS Group raised TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. BMO Capital Markets increased their price objective on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Finally, TD Securities assumed coverage on shares of TC Energy in a research note on Wednesday. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.67.

Get Our Latest Research Report on TC Energy

TC Energy Stock Up 2.7 %

Shares of TRP opened at $47.39 on Friday. TC Energy Co. has a 12 month low of $31.83 and a 12 month high of $50.37. The stock has a market cap of $49.23 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 4.31 and a beta of 0.82. The company has a 50-day moving average price of $47.59 and a two-hundred day moving average price of $45.56. 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:TRPGet Free Report) (TSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. Equities analysts predict that TC Energy Co. will post 2.95 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. Investors of record on Tuesday, December 31st will be issued a dividend of $0.822 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a yield of 6.94%. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is currently 63.43%.

TC Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TC Energy (NYSE:TRP)

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