Jones Financial Companies Lllp Raises Stock Holdings in TC Energy Co. (NYSE:TRP)

Jones Financial Companies Lllp raised its position in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 59.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 175,162 shares of the pipeline company's stock after purchasing an additional 65,126 shares during the quarter. Jones Financial Companies Lllp's holdings in TC Energy were worth $8,150,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in TC Energy by 3.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,033 shares of the pipeline company's stock worth $810,000 after buying an additional 631 shares during the last quarter. Financial Advocates Investment Management raised its position in shares of TC Energy by 7.8% in the 3rd quarter. Financial Advocates Investment Management now owns 6,950 shares of the pipeline company's stock worth $331,000 after acquiring an additional 501 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of TC Energy by 215.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,209 shares of the pipeline company's stock worth $57,000 after acquiring an additional 826 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of TC Energy by 1.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 77,906 shares of the pipeline company's stock valued at $3,704,000 after purchasing an additional 840 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in TC Energy by 12.9% during the third quarter. Van ECK Associates Corp now owns 338,248 shares of the pipeline company's stock worth $15,880,000 after purchasing an additional 38,729 shares during the period. Institutional investors own 83.13% of the company's stock.

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TC Energy Stock Up 0.8 %

Shares of TC Energy stock traded up $0.37 during trading hours on Friday, reaching $45.86. The company's stock had a trading volume of 1,374,582 shares, compared to its average volume of 2,173,426. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The stock's fifty day simple moving average is $46.29 and its two-hundred day simple moving average is $46.71. The company has a market capitalization of $47.66 billion, a P/E ratio of 14.15, a P/E/G ratio of 4.34 and a beta of 0.83. TC Energy Co. has a one year low of $31.83 and a one year high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. The business 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 quarter in the previous year, the business earned $1.35 EPS. On average, research analysts forecast that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.85 dividend. This is a positive change from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date of this dividend is Monday, March 31st. TC Energy's dividend payout ratio is presently 72.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. TD Securities started coverage on TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. StockNews.com downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. BMO Capital Markets lifted their price target on shares of TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada increased their price objective on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.