apricus wealth LLC Acquires 3,510 Shares of TC Energy Co. (NYSE:TRP)

apricus wealth LLC increased its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 6.8% in the first quarter, HoldingsChannel reports. The firm owned 54,960 shares of the pipeline company’s stock after buying an additional 3,510 shares during the period. apricus wealth LLC’s holdings in TC Energy were worth $2,595,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in TC Energy by 77.7% during the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the pipeline company’s stock worth $110,000 after purchasing an additional 1,005 shares during the period. Kennebec Savings Bank grew its holdings in TC Energy by 16.8% during the first quarter. Kennebec Savings Bank now owns 9,963 shares of the pipeline company’s stock worth $470,000 after purchasing an additional 1,433 shares during the period. HF Advisory Group LLC grew its holdings in TC Energy by 10.6% during the first quarter. HF Advisory Group LLC now owns 57,784 shares of the pipeline company’s stock worth $2,728,000 after purchasing an additional 5,526 shares during the period. Bank & Trust Co bought a new position in TC Energy during the first quarter worth about $124,000. Finally, NBC Securities Inc. grew its holdings in TC Energy by 94,366.7% during the first quarter. NBC Securities Inc. now owns 2,834 shares of the pipeline company’s stock worth $133,000 after purchasing an additional 2,831 shares during the period. Institutional investors own 83.13% of the company’s stock.

TC Energy Stock Down 0.1%

NYSE TRP opened at $49.54 on Thursday. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. TC Energy Co. has a 1-year low of $37.07 and a 1-year high of $51.99. The company has a 50 day moving average of $49.26 and a 200-day moving average of $47.69. The company has a market cap of $51.50 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 4.34 and a beta of 0.78.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.04). TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. On average, equities research analysts expect that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a $0.6142 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.96%. TC Energy’s payout ratio is 81.52%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank of Canada raised their price objective on shares of TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Wall Street Zen downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. CIBC upgraded shares of TC Energy from a “neutral” rating to a “sector outperform” rating in a research report on Friday, May 2nd. Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, Citigroup assumed coverage on shares of TC Energy in a research report on Friday, April 4th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.00.

TC Energy Company 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.