Benedict Financial Advisors Inc. Buys 472 Shares of TC Energy Co. (NYSE:TRP)

Benedict Financial Advisors Inc. lifted its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,738 shares of the pipeline company’s stock after buying an additional 472 shares during the period. Benedict Financial Advisors Inc.’s holdings in TC Energy were worth $2,221,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of TC Energy by 156.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock worth $321,778,000 after purchasing an additional 4,126,801 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of TC Energy by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock valued at $225,890,000 after acquiring an additional 360,548 shares during the last quarter. Merewether Investment Management LP boosted its holdings in shares of TC Energy by 37.9% in the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company’s stock worth $194,776,000 after acquiring an additional 1,127,000 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in TC Energy by 29.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company’s stock worth $152,072,000 after purchasing an additional 722,619 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of TC Energy by 0.8% during the third quarter. Swiss National Bank now owns 3,137,901 shares of the pipeline company’s stock worth $149,401,000 after purchasing an additional 24,800 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

Analyst Ratings Changes

TRP has been the subject of a number of research analyst reports. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Monday, October 21st. TD Securities started coverage on shares of TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Finally, BMO Capital Markets boosted their target price on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TC Energy has a consensus rating of “Hold” and a consensus target price of $56.00.

TC Energy Trading Down 0.1 %

NYSE:TRP opened at $46.89 on Friday. 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 Co. has a twelve month low of $31.83 and a twelve month high of $50.37. The company has a market cap of $48.72 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The business has a 50 day moving average price of $46.78 and a two-hundred day moving average price of $46.33.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. As a group, analysts expect that TC Energy Co. will post 2.92 EPS for the current fiscal year.

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.