TC Energy Co. (NYSE:TRP) Shares Acquired by Park Avenue Securities LLC


Park Avenue Securities LLC lifted its position in TC Energy Co. (NYSE:TRPGet Rating) (TSE:TRP) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,858 shares of the pipeline company’s stock after purchasing an additional 1,103 shares during the period. Park Avenue Securities LLC’s holdings in TC Energy were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in shares of TC Energy in the 3rd quarter valued at $26,000. Parallel Advisors LLC lifted its stake in shares of TC Energy by 72.4% in the 2nd quarter. Parallel Advisors LLC now owns 731 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 307 shares during the period. CoreCap Advisors LLC acquired a new position in shares of TC Energy in the 2nd quarter valued at $40,000. GPS Wealth Strategies Group LLC lifted its stake in shares of TC Energy by 53.6% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 777 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 271 shares during the period. Finally, Grayhawk Investment Strategies Inc. acquired a new position in shares of TC Energy in the 2nd quarter valued at $63,000. 71.86% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Trading Up 1.0 %

Shares of TRP opened at $43.42 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 1.54. TC Energy Co. has a 12-month low of $38.35 and a 12-month high of $59.38. The firm has a 50-day moving average price of $43.03 and a 200 day moving average price of $45.84. The firm has a market capitalization of $44.20 billion, a P/E ratio of 17.16, a P/E/G ratio of 3.42 and a beta of 0.80.

TC Energy (NYSE:TRPGet Rating) (TSE:TRP) last announced its quarterly earnings data on Wednesday, November 9th. The pipeline company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. TC Energy had a net margin of 22.89% and a return on equity of 13.98%. The firm had revenue of $2.91 billion during the quarter. Sell-side analysts forecast that TC Energy Co. will post 3.17 EPS for the current year.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, December 30th will be issued a $0.661 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Thursday, December 29th. TC Energy’s dividend payout ratio is currently 105.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TRP. Scotiabank cut their price target on shares of TC Energy from C$76.00 to C$67.00 in a report on Thursday, October 20th. TD Securities cut their price target on shares of TC Energy from C$76.00 to C$74.00 in a report on Wednesday, November 30th. StockNews.com began coverage on shares of TC Energy in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James raised shares of TC Energy from a “market perform” rating to an “outperform” rating in a report on Friday, January 6th. Finally, BMO Capital Markets cut their price target on shares of TC Energy from C$70.00 to C$68.00 in a report on Wednesday, November 30th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average price target of $67.73.

TC Energy Company Profile

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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 Storage. The company builds and operates 93,300 km network 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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