LPL Financial LLC Has $42.39 Million Stock Holdings in TC Energy Co. (NYSE:TRP)

LPL Financial LLC boosted its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 911,009 shares of the pipeline company's stock after purchasing an additional 74,391 shares during the quarter. LPL Financial LLC owned approximately 0.09% of TC Energy worth $42,389,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. NTV Asset Management LLC raised its holdings in shares of TC Energy by 4.0% during the fourth quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company's stock valued at $288,000 after buying an additional 239 shares during the last quarter. Captrust Financial Advisors increased its position in TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock valued at $871,000 after acquiring an additional 242 shares during the period. Lee Financial Co raised its stake in TC Energy by 3.1% during the 4th quarter. Lee Financial Co now owns 8,185 shares of the pipeline company's stock valued at $381,000 after acquiring an additional 246 shares in the last quarter. IFP Advisors Inc boosted its position in TC Energy by 7.0% during the 4th quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company's stock worth $177,000 after acquiring an additional 249 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of TC Energy by 7.2% in the fourth quarter. Global Retirement Partners LLC now owns 4,099 shares of the pipeline company's stock worth $191,000 after purchasing an additional 274 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

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TC Energy Price Performance

Shares of TRP traded up $0.90 during trading hours on Wednesday, hitting $48.70. 280,035 shares of the company were exchanged, compared to its average volume of 2,625,837. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. TC Energy Co. has a one year low of $34.95 and a one year high of $50.37. The company has a market capitalization of $50.62 billion, a PE ratio of 15.03, a PEG ratio of 4.34 and a beta of 0.83. The firm has a fifty day simple moving average of $46.54 and a 200-day simple moving average of $46.97.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. As a group, sell-side analysts predict that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.85 dividend. This is a positive change from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a yield of 6.98%. TC Energy's dividend payout ratio (DPR) is currently 72.53%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRP shares. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. TD Securities initiated coverage on shares of TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Royal Bank of Canada raised their target price on TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

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.