4,670 Shares in TC Energy Co. (NYSE:TRP) Acquired by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC acquired a new position in TC Energy Co. (NYSE:TRP) (TSE:TRP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,670 shares of the pipeline company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in TC Energy in the 2nd quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted its stake in TC Energy by 138.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 429 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in TC Energy in the 3rd quarter worth approximately $28,000. Blue Trust Inc. lifted its stake in TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 267 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in TC Energy in the 2nd quarter worth approximately $33,000. 83.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TRP. Barclays upgraded shares of TC Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. StockNews.com initiated coverage on shares of TC Energy in a research report on Saturday, October 5th. They set a “hold” rating on the stock. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. Finally, Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and a consensus target price of $48.50.

TC Energy Price Performance

Shares of NYSE:TRP opened at $47.46 on Wednesday. The stock has a market cap of $49.25 billion, a PE ratio of 19.45, a PEG ratio of 3.89 and a beta of 0.81. The company’s fifty day moving average is $46.45 and its 200 day moving average is $42.10. TC Energy Co. has a 52 week low of $31.83 and a 52 week high of $48.25. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 1.57.

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.