9,324 Shares in TC Energy Co. (NYSE:TRP) Acquired by Executive Wealth Management LLC

Executive Wealth Management LLC acquired a new position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,324 shares of the pipeline company’s stock, valued at approximately $443,000.

Other institutional investors have also recently bought and sold shares of the company. Murchinson Ltd. acquired a new stake in shares of TC Energy during the first quarter worth approximately $506,485,000. Canada Pension Plan Investment Board boosted its position in TC Energy by 107.1% during the second quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company’s stock valued at $737,609,000 after purchasing an additional 10,065,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in TC Energy by 94.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,124,818 shares of the pipeline company’s stock valued at $688,534,000 after purchasing an additional 8,339,800 shares in the last quarter. Merewether Investment Management LP acquired a new position in TC Energy in the 2nd quarter worth about $112,618,000. Finally, M&G Plc purchased a new stake in shares of TC Energy during the 1st quarter worth about $111,587,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Trading Down 1.9 %

Shares of TC Energy stock opened at $48.76 on Friday. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.22. 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 firm has a market capitalization of $50.61 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 4.00 and a beta of 0.81. The company’s fifty day moving average price is $46.64 and its two-hundred day moving average price is $42.28.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a return on equity of 16.97% and a net margin of 21.31%. On average, analysts expect that TC Energy Co. will post 3.02 EPS for the current year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.822 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 dividend on an annualized basis and a dividend yield of 6.74%. TC Energy’s dividend payout ratio (DPR) is 116.80%.

Analysts Set New Price Targets

Several analysts have commented on TRP shares. UBS Group raised shares of TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Barclays upgraded TC Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 17th. Veritas raised shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group lifted 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.50.

About TC Energy

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.