First Command Advisory Services Inc. Acquires Shares of 985 TC Energy Co. (NYSE:TRP)

First Command Advisory Services Inc. acquired a new stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 985 shares of the pipeline company’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRP. Fortitude Family Office LLC purchased a new position in TC Energy during the third quarter valued at $28,000. Blue Trust Inc. raised its position in shares of TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 267 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of TC Energy in the 4th quarter worth about $33,000. Point72 DIFC Ltd purchased a new position in shares of TC Energy in the 3rd quarter worth about $39,000. Finally, UMB Bank n.a. purchased a new position in shares of TC Energy in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRP. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. StockNews.com raised TC Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Finally, TD Securities began coverage on TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TC Energy currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

TC Energy Price Performance

NYSE TRP opened at $44.36 on Friday. TC Energy Co. has a one year low of $31.83 and a one year high of $50.37. The stock has a 50-day moving average of $46.38 and a 200 day moving average of $46.66. The company has a market capitalization of $46.10 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 4.34 and a beta of 0.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.51 by $0.54. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same period last year, the company earned $1.35 EPS. On average, sell-side analysts forecast that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.85 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date is Monday, March 31st. TC Energy’s payout ratio is currently 71.91%.

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.