B. Riley Wealth Advisors Inc. Has $214,000 Holdings in TC Energy Co. (NYSE:TRP)

B. Riley Wealth Advisors Inc. trimmed its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,551 shares of the pipeline company’s stock after selling 1,702 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in TC Energy were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in TC Energy by 1.6% in the 2nd quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock valued at $621,000 after acquiring an additional 261 shares in the last quarter. New Hampshire Trust raised its stake in TC Energy by 3.8% in the first quarter. New Hampshire Trust now owns 7,263 shares of the pipeline company’s stock valued at $292,000 after purchasing an additional 269 shares in the last quarter. Windsor Advisory Group LLC lifted its position in TC Energy by 2.5% during the first quarter. Windsor Advisory Group LLC now owns 12,831 shares of the pipeline company’s stock worth $516,000 after purchasing an additional 316 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in TC Energy by 2.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 15,005 shares of the pipeline company’s stock worth $604,000 after buying an additional 332 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC increased its holdings in TC Energy by 1.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 19,873 shares of the pipeline company’s stock valued at $799,000 after buying an additional 364 shares during the period. 83.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRP has been the topic of several analyst reports. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. StockNews.com assumed coverage on TC Energy in a report on Saturday, October 5th. They set a “hold” rating for the company. Finally, Barclays raised TC Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.50.

TC Energy Price Performance

Shares of TRP opened at $45.20 on Thursday. 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 has a market cap of $45.20 billion, a PE ratio of 23.30, a PEG ratio of 3.66 and a beta of 0.81. TC Energy Co. has a 12-month low of $33.47 and a 12-month high of $48.42. The business has a 50-day simple moving average of $45.28 and a two-hundred day simple moving average of $40.87.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.29. TC Energy had a return on equity of 16.97% and a net margin of 21.31%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Analysts anticipate that TC Energy Co. will post 3.08 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, October 31st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.702 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 6.21%. TC Energy’s dividend payout ratio (DPR) is presently 146.39%.

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.