Atomi Financial Group Inc. Has $629,000 Holdings in TC Energy Co. (NYSE:TRP)

Atomi Financial Group Inc. grew its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,518 shares of the pipeline company’s stock after purchasing an additional 1,802 shares during the quarter. Atomi Financial Group Inc.’s holdings in TC Energy were worth $629,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Captrust Financial Advisors lifted its position in TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock valued at $871,000 after acquiring an additional 242 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of TC Energy by 4.8% in the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company’s stock valued at $274,000 after purchasing an additional 262 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of TC Energy by 8.1% in the third quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company’s stock valued at $167,000 after purchasing an additional 264 shares in the last quarter. Blue Trust Inc. boosted its position in shares of TC Energy by 72.0% during the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after buying an additional 267 shares during the period. Finally, Cohen Investment Advisors LLC grew its holdings in shares of TC Energy by 2.9% during the fourth quarter. Cohen Investment Advisors LLC now owns 9,831 shares of the pipeline company’s stock worth $457,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. TD Securities began coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group raised their price objective on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.67.

TC Energy Stock Down 0.1 %

TC Energy stock opened at $47.13 on Friday. TC Energy Co. has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The firm has a market capitalization of $48.97 billion, a PE ratio of 13.06, a P/E/G ratio of 4.48 and a beta of 0.82. The company’s 50-day moving average is $47.50 and its 200-day moving average is $45.81. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. Sell-side analysts anticipate that TC Energy Co. will post 2.95 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This represents a $3.29 dividend on an annualized basis and a yield of 6.98%. This is a boost from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s payout ratio is 63.43%.

TC Energy 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.