Benjamin Edwards Inc. Purchases Shares of 15,730 TC Energy Co. (NYSE:TRP)

Benjamin Edwards Inc. acquired a new stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,730 shares of the pipeline company's stock, valued at approximately $749,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CIBC Asset Management Inc increased its holdings in TC Energy by 2.6% in the 2nd quarter. CIBC Asset Management Inc now owns 8,515,086 shares of the pipeline company's stock valued at $322,584,000 after buying an additional 214,689 shares during the period. Harvest Portfolios Group Inc. boosted its position in shares of TC Energy by 107.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company's stock worth $10,743,000 after acquiring an additional 117,176 shares in the last quarter. Partners Group Holding AG increased its stake in TC Energy by 25.8% in the third quarter. Partners Group Holding AG now owns 845,335 shares of the pipeline company's stock valued at $40,196,000 after acquiring an additional 173,250 shares during the last quarter. Metis Global Partners LLC raised its position in TC Energy by 16.3% during the third quarter. Metis Global Partners LLC now owns 95,470 shares of the pipeline company's stock valued at $4,538,000 after purchasing an additional 13,368 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in TC Energy by 4.1% during the second quarter. Legal & General Group Plc now owns 11,892,999 shares of the pipeline company's stock worth $450,749,000 after purchasing an additional 467,497 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Trading Down 1.4 %

NYSE TRP traded down $0.70 on Friday, hitting $48.25. The company's stock had a trading volume of 1,702,276 shares, compared to its average volume of 1,940,762. The company's 50-day moving average is $47.62 and its 200 day moving average is $43.96. The firm has a market cap of $50.08 billion, a PE ratio of 13.37, a PEG ratio of 4.09 and a beta of 0.82. TC Energy Co. has a 1-year low of $31.83 and a 1-year high of $50.37. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results 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. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. As a group, analysts predict that TC Energy Co. will post 3 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.822 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TC Energy's previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a yield of 6.81%. TC Energy's dividend payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRP. StockNews.com assumed coverage on TC Energy in a report on Wednesday. They set a "hold" rating for the company. UBS Group raised TC Energy from a "neutral" rating to a "buy" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. upgraded shares of TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group raised their target price on shares of TC Energy from $38.00 to $42.00 and gave the company a "sell" rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $55.67.

TC Energy Company 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.