Paradigm Financial Partners LLC Takes Position in TC Energy Co. (NYSE:TRP)

Paradigm Financial Partners LLC bought a new stake in TC Energy Co. (NYSE:TRPGet Rating) (TSE:TRP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,250 shares of the pipeline company’s stock, valued at approximately $612,000.

A number of other institutional investors also recently bought and sold shares of the stock. Retirement Planning Co of New England Inc. acquired a new position in shares of TC Energy in the fourth quarter worth $25,000. UMB Bank N A MO acquired a new position in shares of TC Energy in the fourth quarter worth $30,000. MV Capital Management Inc. grew its stake in shares of TC Energy by 38.1% in the fourth quarter. MV Capital Management Inc. now owns 725 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of TC Energy by 344.9% in the fourth quarter. First Horizon Advisors Inc. now owns 792 shares of the pipeline company’s stock worth $36,000 after acquiring an additional 614 shares in the last quarter. Finally, Sandy Cove Advisors LLC acquired a new position in shares of TC Energy in the fourth quarter worth $47,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.

Shares of TRP opened at $55.42 on Friday. TC Energy Co. has a 1-year low of $44.77 and a 1-year high of $59.06. The stock has a market cap of $54.48 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 4.00 and a beta of 0.71. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.61 and a quick ratio of 0.54. The firm has a fifty day moving average price of $56.05 and a 200 day moving average price of $51.99.

TC Energy (NYSE:TRPGet Rating) (TSE:TRP) last announced its quarterly earnings results on Friday, April 29th. The pipeline company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). TC Energy had a net margin of 24.96% and a return on equity of 14.61%. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period last year, the firm earned $0.89 earnings per share. TC Energy’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts expect that TC Energy Co. will post 3.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.20%. This is a boost from TC Energy’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Wednesday, June 29th. TC Energy’s dividend payout ratio is presently 109.51%.

Several equities analysts have commented on the stock. Credit Suisse Group restated a “neutral” rating on shares of TC Energy in a research note on Tuesday, February 8th. StockNews.com assumed coverage on shares of TC Energy in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research cut shares of TC Energy from a “peer perform” rating to an “underperform” rating and lifted their price objective for the stock from $53.00 to $57.00 in a research report on Monday, April 11th. TheStreet raised shares of TC Energy from a “c+” rating to a “b” rating in a research report on Wednesday, January 19th. Finally, Morgan Stanley cut shares of TC Energy from an “equal weight” rating to an “underweight” rating and set a $78.00 price objective for the company. in a research report on Tuesday, April 26th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.17.

TC Energy Profile (Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for TC Energy (NYSE:TRP)

Receive News & Ratings for TC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TC Energy and related companies with MarketBeat.com's FREE daily email newsletter.