Vanguard Personalized Indexing Management LLC Purchases 873 Shares of TC Energy Corporation $TRP

Vanguard Personalized Indexing Management LLC boosted its position in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,584 shares of the pipeline company’s stock after acquiring an additional 873 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in TC Energy were worth $712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its position in TC Energy by 90.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,403 shares of the pipeline company’s stock valued at $633,000 after purchasing an additional 6,362 shares during the period. Wealthquest Corp acquired a new position in TC Energy in the first quarter valued at approximately $272,000. Spire Wealth Management boosted its stake in TC Energy by 102.7% in the first quarter. Spire Wealth Management now owns 2,171 shares of the pipeline company’s stock valued at $102,000 after acquiring an additional 1,100 shares during the last quarter. Bessemer Group Inc. boosted its stake in TC Energy by 141.1% in the first quarter. Bessemer Group Inc. now owns 85,802 shares of the pipeline company’s stock valued at $4,057,000 after acquiring an additional 50,220 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in TC Energy by 222.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,076 shares of the pipeline company’s stock worth $51,000 after acquiring an additional 742 shares during the period. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. US Capital Advisors downgraded TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wall Street Zen lowered TC Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Scotiabank reaffirmed an “outperform” rating on shares of TC Energy in a research note on Monday. Barclays reissued an “overweight” rating on shares of TC Energy in a research note on Tuesday, October 14th. Finally, TD Securities reaffirmed a “buy” rating on shares of TC Energy in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

TC Energy Trading Up 0.2%

NYSE TRP opened at $51.54 on Tuesday. TC Energy Corporation has a 52 week low of $43.51 and a 52 week high of $55.37. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.54 and a current ratio of 0.61. The stock’s 50 day moving average price is $52.30 and its two-hundred day moving average price is $49.97. The stock has a market capitalization of $53.61 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 4.84 and a beta of 0.75.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, July 31st. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. TC Energy had a net margin of 28.98% and a return on equity of 11.22%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company earned $0.79 earnings per share. As a group, analysts anticipate that TC Energy Corporation will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be paid a $0.6148 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, September 29th. TC Energy’s dividend payout ratio is 84.30%.

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.