TC Energy Co. (NYSE:TRP) Stock Holdings Lifted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,708 shares of the pipeline company’s stock after buying an additional 703 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in TC Energy were worth $596,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TRP. Signaturefd LLC boosted its stake in TC Energy by 1.6% in the second quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock valued at $621,000 after acquiring an additional 261 shares during the period. New Hampshire Trust lifted its holdings in shares of TC Energy by 3.8% in the 1st quarter. New Hampshire Trust now owns 7,263 shares of the pipeline company’s stock worth $292,000 after purchasing an additional 269 shares during the last quarter. Windsor Advisory Group LLC boosted its position in 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 during the period. Mount Yale Investment Advisors LLC grew its stake in 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 worth $799,000 after buying an additional 364 shares during the last quarter. Finally, Gold Investment Management Ltd. increased its position in TC Energy by 4.6% in the first quarter. Gold Investment Management Ltd. now owns 9,230 shares of the pipeline company’s stock worth $371,000 after buying an additional 403 shares during the period. Institutional investors own 83.13% of the company’s stock.

TC Energy Price Performance

Shares of TRP opened at $47.04 on Wednesday. TC Energy Co. has a one year low of $32.51 and a one year high of $47.42. The stock’s fifty day moving average is $44.32 and its 200-day moving average is $40.47. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.68 and a current ratio of 0.76. The firm has a market capitalization of $47.04 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 3.81 and a beta of 0.81.

TC Energy (NYSE:TRP) (TSE:TRP) last released its earnings results on Thursday, August 1st. The pipeline company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.65 by $0.29. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.78 billion. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. During the same quarter last year, the company earned $0.71 EPS. Equities analysts anticipate that TC Energy Co. will post 3.06 EPS for the current year.

TC Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a $0.702 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.81 dividend on an annualized basis and a yield of 5.97%. TC Energy’s dividend payout ratio (DPR) is 146.39%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRP. StockNews.com initiated coverage on shares of TC Energy in a research report on Thursday, September 19th. They set a “hold” rating for the company. Barclays upgraded shares of TC Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.50.

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.