apricus wealth LLC Has $2.73 Million Stock Position in TC Energy Corporation $TRP

apricus wealth LLC boosted its holdings in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,895 shares of the pipeline company’s stock after buying an additional 935 shares during the period. apricus wealth LLC’s holdings in TC Energy were worth $2,727,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRP. Flagship Harbor Advisors LLC grew its stake in shares of TC Energy by 90.4% in the first quarter. Flagship Harbor Advisors LLC now owns 13,403 shares of the pipeline company’s stock worth $633,000 after acquiring an additional 6,362 shares during the last quarter. Wealthquest Corp bought a new stake in shares of TC Energy in the 1st quarter worth approximately $272,000. Spire Wealth Management lifted its position in TC Energy by 102.7% in the first quarter. Spire Wealth Management now owns 2,171 shares of the pipeline company’s stock worth $102,000 after purchasing an additional 1,100 shares during the period. Bessemer Group Inc. boosted its position in shares of TC Energy by 141.1% during the 1st quarter. Bessemer Group Inc. now owns 85,802 shares of the pipeline company’s stock valued at $4,057,000 after acquiring an additional 50,220 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in TC Energy by 222.2% during the first quarter. Golden State Wealth Management LLC now owns 1,076 shares of the pipeline company’s stock worth $51,000 after purchasing an additional 742 shares during the period. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRP has been the subject of a number of recent research reports. Cibc World Mkts cut TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. US Capital Advisors cut TC Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 21st. Barclays reiterated an “overweight” rating on shares of TC Energy in a research note on Tuesday, October 14th. Weiss Ratings restated a “buy (b-)” rating on shares of TC Energy in a research note on Wednesday, October 8th. Finally, TD Securities reiterated a “buy” rating on shares of TC Energy in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

TC Energy Price Performance

Shares of TRP stock opened at $51.54 on Tuesday. TC Energy Corporation has a 52 week low of $43.51 and a 52 week high of $55.37. The stock has a market capitalization of $53.61 billion, a PE ratio of 17.59, a PEG ratio of 4.84 and a beta of 0.75. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.54 and a current ratio of 0.61. The stock’s fifty day moving average is $52.30 and its 200-day moving average is $49.97.

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

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be issued a dividend of $0.6148 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.46 annualized dividend and a yield of 4.8%. This is a positive change from TC Energy’s previous quarterly dividend of $0.61. TC Energy’s dividend payout ratio (DPR) is currently 84.30%.

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.