9,563 Shares in TC Energy Corporation (NYSE:TRP) Acquired by Good Steward Wealth Advisors LLC

Good Steward Wealth Advisors LLC purchased a new position in shares of TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,563 shares of the pipeline company's stock, valued at approximately $451,000.

A number of other institutional investors also recently modified their holdings of TRP. Lowe Wealth Advisors LLC bought a new stake in TC Energy during the 1st quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in TC Energy during the 4th quarter worth $31,000. Synergy Investment Management LLC bought a new stake in TC Energy during the 4th quarter worth $36,000. Millstone Evans Group LLC bought a new stake in TC Energy during the 4th quarter worth $41,000. Finally, First Command Advisory Services Inc. bought a new stake in TC Energy during the 4th quarter worth $46,000. Institutional investors and hedge funds own 83.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRP shares. Citigroup assumed coverage on TC Energy in a research report on Friday, April 4th. They set a "neutral" rating on the stock. Wall Street Zen lowered TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. CIBC upgraded TC Energy from a "neutral" rating to a "sector outperform" rating in a research report on Friday, May 2nd. Finally, Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Trading Down 0.5%

Shares of NYSE:TRP traded down $0.22 during midday trading on Monday, reaching $47.21. The company's stock had a trading volume of 5,443,764 shares, compared to its average volume of 2,488,111. The firm has a market capitalization of $49.08 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 4.56 and a beta of 0.78. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a 50 day moving average price of $49.64 and a two-hundred day moving average price of $47.65. TC Energy Corporation has a fifty-two week low of $37.07 and a fifty-two week high of $51.99.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $2.57 billion. TC Energy had a net margin of 29.17% and a return on equity of 11.41%. During the same period in the prior year, the firm earned $1.02 earnings per share. As a group, analysts forecast that TC Energy Corporation will post 2.63 earnings per share for the current year.

TC Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.6142 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date is Monday, June 30th. TC Energy's dividend payout ratio is 81.52%.

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.