10,073 Shares in TC Energy Corporation $TRP Bought by Dickmeyer Boyce Financial Management Inc.

Dickmeyer Boyce Financial Management Inc. purchased a new stake in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) during the 1st quarter, HoldingsChannel reports. The firm purchased 10,073 shares of the pipeline company’s stock, valued at approximately $631,000.

Several other institutional investors have also recently modified their holdings of TRP. AQR Capital Management LLC lifted its stake in TC Energy by 54.0% during the 1st quarter. AQR Capital Management LLC now owns 11,099 shares of the pipeline company’s stock valued at $538,000 after acquiring an additional 3,892 shares during the period. Focus Partners Wealth increased its stake in shares of TC Energy by 46.1% in the first quarter. Focus Partners Wealth now owns 12,446 shares of the pipeline company’s stock worth $588,000 after acquiring an additional 3,929 shares during the period. Intech Investment Management LLC raised its holdings in shares of TC Energy by 200.7% during the first quarter. Intech Investment Management LLC now owns 26,878 shares of the pipeline company’s stock worth $1,269,000 after purchasing an additional 17,939 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of TC Energy by 50.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the pipeline company’s stock worth $181,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in TC Energy by 9.9% during the second quarter. Guggenheim Capital LLC now owns 16,758 shares of the pipeline company’s stock valued at $818,000 after purchasing an additional 1,511 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

TC Energy Price Performance

Shares of NYSE TRP opened at $69.86 on Friday. The firm has a market cap of $72.79 billion, a PE ratio of 30.32 and a beta of 0.66. The firm has a fifty day moving average of $68.56 and a 200 day moving average of $63.88. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.57 and a current ratio of 0.65. TC Energy Corporation has a one year low of $46.61 and a one year high of $71.47.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Friday, May 1st. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm posted $0.95 earnings per share. As a group, research analysts predict that TC Energy Corporation will post 2.72 EPS for the current fiscal year.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, June 30th. TC Energy’s dividend payout ratio is 107.39%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TRP. National Bank Financial raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 10th. TD Securities restated a “hold” rating on shares of TC Energy in a research report on Thursday, July 16th. Scotiabank restated an “outperform” rating on shares of TC Energy in a research note on Tuesday. Finally, The Goldman Sachs Group raised TC Energy from a “sell” rating to a “neutral” rating and upped their price target for the stock from $53.00 to $62.00 in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.50.

About TC Energy

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.