Allworth Financial LP Has $92,000 Holdings in TC Energy Co. (NYSE:TRP)

Allworth Financial LP grew its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 72.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,941 shares of the pipeline company’s stock after purchasing an additional 814 shares during the quarter. Allworth Financial LP’s holdings in TC Energy were worth $92,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Roxbury Financial LLC acquired a new position in TC Energy during the fourth quarter valued at approximately $280,000. Guyasuta Investment Advisors Inc. grew its holdings in TC Energy by 4.6% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 6,800 shares of the pipeline company’s stock valued at $316,000 after buying an additional 300 shares during the last quarter. Quaero Capital S.A. acquired a new position in shares of TC Energy during the fourth quarter worth approximately $1,222,000. Ingalls & Snyder LLC lifted its holdings in shares of TC Energy by 92.7% during the fourth quarter. Ingalls & Snyder LLC now owns 21,665 shares of the pipeline company’s stock worth $1,008,000 after buying an additional 10,425 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of TC Energy by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 350,349 shares of the pipeline company’s stock valued at $16,313,000 after acquiring an additional 12,101 shares during the period. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Stock Performance

Shares of NYSE:TRP opened at $44.29 on Tuesday. The business has a fifty day moving average of $46.44 and a 200-day moving average of $46.69. The firm has a market cap of $46.02 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 4.34 and a beta of 0.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. 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 quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the company posted $1.35 EPS. On average, equities research analysts predict that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.85 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a dividend yield of 7.68%. The ex-dividend date is Monday, March 31st. TC Energy’s dividend payout ratio (DPR) is 70.68%.

Wall Street Analyst Weigh In

Several research firms recently commented on TRP. StockNews.com upgraded shares of TC Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. BMO Capital Markets increased their target price on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Finally, Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TC Energy currently has an average rating of “Moderate Buy” and an average price target of $62.00.

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.