CWA Asset Management Group LLC Has $467,000 Stock Position in TC Energy Co. (NYSE:TRP)

CWA Asset Management Group LLC increased its stake in shares of TC Energy Co. (NYSE:TRP – Get Rating) (TSE:TRP) by 9.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,717 shares of the pipeline company’s stock after buying an additional 984 shares during the period. CWA Asset Management Group LLC’s holdings in TC Energy were worth $467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in TC Energy during the 3rd quarter worth about $26,000. CoreCap Advisors LLC bought a new stake in TC Energy during the 2nd quarter worth about $40,000. GPS Wealth Strategies Group LLC raised its holdings in TC Energy by 53.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 777 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 271 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new stake in TC Energy during the 2nd quarter worth about $63,000. Finally, Chilton Capital Management LLC bought a new stake in TC Energy during the 2nd quarter worth about $62,000. Institutional investors and hedge funds own 71.86% of the company’s stock.

TC Energy Price Performance

NYSE TRP opened at $37.18 on Friday. The business has a 50 day simple moving average of $41.35 and a 200 day simple moving average of $43.01. TC Energy Co. has a 52-week low of $36.79 and a 52-week high of $59.38. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.38 and a current ratio of 0.43. The stock has a market cap of $38.02 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 2.95 and a beta of 0.85.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be paid a dividend of $0.699 per share. This represents a $2.80 dividend on an annualized basis and a yield of 7.52%. This is a boost from TC Energy’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, March 30th. TC Energy’s dividend payout ratio is presently 458.62%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TheStreet cut TC Energy from a “b-” rating to a “c” rating in a report on Tuesday, February 14th. National Bank Financial dropped their price objective on TC Energy from C$56.00 to C$53.00 in a report on Thursday, February 2nd. Scotiabank dropped their price objective on TC Energy from C$67.00 to C$66.00 in a report on Thursday, February 2nd. Raymond James raised TC Energy from a “market perform” rating to an “outperform” rating in a report on Friday, January 6th. Finally, CIBC raised TC Energy from a “neutral” rating to a “sector outperform” rating in a research note on Wednesday, February 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $64.86.

TC Energy Company Profile

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TC Energy Corporation engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Energy Solutions, and Corporate. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines.