New Hampshire Trust Purchases 483 Shares of TC Energy Corporation $TRP

New Hampshire Trust boosted its position in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,001 shares of the pipeline company’s stock after acquiring an additional 483 shares during the quarter. New Hampshire Trust’s holdings in TC Energy were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC increased its stake in TC Energy by 2.3% in the second quarter. Park Avenue Securities LLC now owns 9,947 shares of the pipeline company’s stock valued at $485,000 after acquiring an additional 225 shares during the last quarter. Gold Investment Management Ltd. boosted its holdings in shares of TC Energy by 2.5% during the second quarter. Gold Investment Management Ltd. now owns 9,656 shares of the pipeline company’s stock worth $471,000 after purchasing an additional 232 shares during the period. Baader Bank Aktiengesellschaft boosted its holdings in shares of TC Energy by 4.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 6,325 shares of the pipeline company’s stock worth $289,000 after purchasing an additional 264 shares during the period. Compound Planning Inc. boosted its holdings in shares of TC Energy by 2.1% during the first quarter. Compound Planning Inc. now owns 13,806 shares of the pipeline company’s stock worth $652,000 after purchasing an additional 288 shares during the period. Finally, Prudential PLC boosted its holdings in shares of TC Energy by 5.2% during the first quarter. Prudential PLC now owns 6,536 shares of the pipeline company’s stock worth $309,000 after purchasing an additional 326 shares during the period. Institutional investors own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TRP shares. Wall Street Zen lowered shares of TC Energy from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of TC Energy in a report on Friday. Cibc World Mkts lowered shares of TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Scotiabank restated an “outperform” rating on shares of TC Energy in a report on Monday, October 20th. Finally, Barclays restated an “overweight” rating on shares of TC Energy in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

TC Energy Price Performance

Shares of TRP opened at $50.38 on Friday. The company has a market capitalization of $52.41 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 4.78 and a beta of 0.75. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average of $52.32 and a 200 day moving average of $50.11. TC Energy Corporation has a twelve month low of $43.51 and a twelve month high of $55.37.

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

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be paid a dividend of $0.6148 per share. The ex-dividend date is Monday, September 29th. This represents a $2.46 annualized dividend and a dividend yield of 4.9%. This is a boost from TC Energy’s previous quarterly dividend of $0.61. TC Energy’s dividend payout ratio is 84.30%.

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.