Benedict Financial Advisors Inc. Boosts Holdings in TC Energy Co. (NYSE:TRP)

Benedict Financial Advisors Inc. increased its position in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,738 shares of the pipeline company’s stock after buying an additional 472 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in TC Energy were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its stake in TC Energy by 44.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 6,157 shares of the pipeline company’s stock worth $286,000 after buying an additional 1,906 shares during the period. Apollon Wealth Management LLC grew its holdings in TC Energy by 20.0% during the 4th quarter. Apollon Wealth Management LLC now owns 12,677 shares of the pipeline company’s stock valued at $590,000 after purchasing an additional 2,109 shares in the last quarter. Fractal Investments LLC lifted its stake in shares of TC Energy by 38.2% in the fourth quarter. Fractal Investments LLC now owns 344,000 shares of the pipeline company’s stock worth $16,006,000 after acquiring an additional 95,000 shares in the last quarter. Bleakley Financial Group LLC grew its stake in TC Energy by 5.5% during the 4th quarter. Bleakley Financial Group LLC now owns 53,301 shares of the pipeline company’s stock valued at $2,480,000 after purchasing an additional 2,763 shares in the last quarter. Finally, YANKCOM Partnership acquired a new position in shares of TC Energy in the 4th quarter valued at approximately $592,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. BMO Capital Markets boosted their price objective on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Finally, TD Securities assumed coverage on shares of TC Energy in a report on Wednesday, January 15th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average price target of $56.00.

TC Energy Trading Down 0.1 %

TC Energy stock opened at $46.89 on Friday. The business’s 50-day simple moving average is $46.78 and its 200-day simple moving average is $46.33. TC Energy Co. has a 52 week low of $31.83 and a 52 week high of $50.37. The firm has a market capitalization of $48.72 billion, a PE ratio of 12.99, a PEG ratio of 4.45 and a beta of 0.81. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.83 billion. Equities research analysts forecast that TC Energy Co. will post 2.92 earnings per share for the current year.

About TC Energy

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.