Catalyst Capital Advisors LLC Buys 22,000 Shares of TC Energy Co. (NYSE:TRP)

Catalyst Capital Advisors LLC boosted its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,543 shares of the pipeline company’s stock after purchasing an additional 22,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in TC Energy were worth $15,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of TC Energy by 4.1% in the 3rd quarter. Creative Planning now owns 46,779 shares of the pipeline company’s stock worth $2,224,000 after buying an additional 1,829 shares during the last quarter. Blue Trust Inc. lifted its holdings in TC Energy by 72.0% in the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 267 shares during the period. Sequoia Financial Advisors LLC boosted its position in TC Energy by 26.0% in the third quarter. Sequoia Financial Advisors LLC now owns 9,651 shares of the pipeline company’s stock worth $459,000 after purchasing an additional 1,993 shares during the last quarter. Signaturefd LLC boosted its position in TC Energy by 15.6% in the third quarter. Signaturefd LLC now owns 18,929 shares of the pipeline company’s stock worth $900,000 after purchasing an additional 2,556 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of TC Energy during the 3rd quarter valued at about $166,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Trading Down 2.8 %

Shares of TRP stock opened at $46.05 on Monday. The stock has a fifty day simple moving average of $46.61 and a two-hundred day simple moving average of $46.55. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.37. The firm has a market capitalization of $47.85 billion, a PE ratio of 12.76, a PEG ratio of 4.45 and a beta of 0.81. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31.

TC Energy (NYSE:TRP) (TSE:TRP) last released its earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.54. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. 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 business posted $1.35 earnings per share. On average, analysts predict that TC Energy Co. will post 2.92 EPS for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 7.38%. This is a boost from TC Energy’s previous quarterly dividend of $0.82. TC Energy’s dividend payout ratio (DPR) is presently 63.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com started coverage on shares of TC Energy in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. TD Securities began coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their target price on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research report on Monday, October 21st. Finally, US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and a consensus target price of $56.00.

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.