Bradley Foster & Sargent Inc. CT Has $729,000 Stock Holdings in TC Energy Co. (NYSE:TRP)

Bradley Foster & Sargent Inc. CT lowered its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 41.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,227 shares of the pipeline company’s stock after selling 13,706 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in TC Energy were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. EdgeRock Capital LLC bought a new position in TC Energy during the second quarter worth about $25,000. Creekmur Asset Management LLC bought a new position in shares of TC Energy during the fourth quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of TC Energy by 138.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 429 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in shares of TC Energy in the fourth quarter valued at approximately $31,000. Finally, Mather Group LLC. bought a new stake in shares of TC Energy in the second quarter valued at approximately $33,000. Institutional investors own 83.13% of the company’s stock.

TC Energy Stock Performance

NYSE:TRP opened at $45.01 on Friday. TC Energy Co. has a twelve month low of $32.51 and a twelve month high of $47.38. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 1.57. The stock’s 50-day simple moving average is $43.88 and its 200 day simple moving average is $40.32. The firm has a market capitalization of $45.01 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 3.81 and a beta of 0.81.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, August 1st. The pipeline company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.29. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the business posted $0.71 earnings per share. On average, analysts anticipate that TC Energy Co. will post 3.06 EPS for the current fiscal year.

TC Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a $0.702 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.81 annualized dividend and a yield of 6.24%. TC Energy’s dividend payout ratio is presently 146.39%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com initiated coverage on TC Energy in a research note on Thursday. They set a “hold” rating on the stock. Barclays raised shares of TC Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.50.

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.