Wealth Enhancement Advisory Services LLC Has $810,000 Stake in TC Energy Co. (NYSE:TRP)

Wealth Enhancement Advisory Services LLC lifted its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,033 shares of the pipeline company’s stock after buying an additional 631 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TC Energy were worth $810,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of TC Energy during the 1st quarter worth approximately $354,000. Private Advisor Group LLC grew its holdings in TC Energy by 359.4% in the first quarter. Private Advisor Group LLC now owns 24,450 shares of the pipeline company’s stock worth $983,000 after purchasing an additional 19,128 shares during the period. Janney Montgomery Scott LLC increased its stake in TC Energy by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 77,349 shares of the pipeline company’s stock valued at $3,109,000 after purchasing an additional 4,167 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of TC Energy during the first quarter valued at about $1,014,000. Finally, SG Americas Securities LLC bought a new position in shares of TC Energy during the 1st quarter worth about $104,000. Institutional investors own 83.13% of the company’s stock.

TC Energy Stock Up 1.9 %

TRP opened at $48.34 on Thursday. TC Energy Co. has a fifty-two week low of $31.83 and a fifty-two week high of $48.35. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.76 and a quick ratio of 0.68. The company’s 50-day moving average is $46.51 and its 200 day moving average is $42.14. The firm has a market capitalization of $50.16 billion, a P/E ratio of 19.81, a PEG ratio of 3.89 and a beta of 0.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Veritas raised TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. The Goldman Sachs Group upped their target price on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. Finally, Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.50.

TC Energy 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.