Lantz Financial LLC Purchases 312 Shares of TC Energy Co. (NYSE:TRP)

Lantz Financial LLC lifted its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,048 shares of the pipeline company’s stock after buying an additional 312 shares during the period. Lantz Financial LLC’s holdings in TC Energy were worth $374,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TRP. Fortitude Family Office LLC bought a new position in shares of TC Energy in the third quarter worth about $28,000. Blue Trust Inc. grew its holdings in shares of TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 267 shares during the last quarter. Versant Capital Management Inc acquired a new position in TC Energy during the 4th quarter worth approximately $33,000. Point72 DIFC Ltd bought a new position in TC Energy in the 3rd quarter valued at approximately $39,000. Finally, UMB Bank n.a. acquired a new stake in TC Energy in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Trading Up 1.0 %

NYSE TRP opened at $47.57 on Friday. TC Energy Co. has a 12 month low of $31.83 and a 12 month high of $50.37. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $49.43 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 4.45 and a beta of 0.82. The business’s 50-day moving average price is $47.44 and its two-hundred day moving average price is $45.89.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.83 billion. On average, analysts expect that TC Energy Co. will post 2.95 EPS for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. 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 dividend yield of 6.91%. TC Energy’s dividend payout ratio is 63.43%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Veritas upgraded shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. TD Securities initiated coverage on TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. BMO Capital Markets boosted their price target on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group raised their price objective on shares of TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.