Stephens Inc. AR Sells 570 Shares of TC Energy Co. (NYSE:TRP)

Stephens Inc. AR reduced its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,383 shares of the pipeline company’s stock after selling 570 shares during the period. Stephens Inc. AR’s holdings in TC Energy were worth $541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in TC Energy in the 2nd quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. increased its holdings in TC Energy by 138.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 429 shares during the last quarter. Fortitude Family Office LLC bought a new stake in TC Energy in the 3rd quarter valued at $28,000. Blue Trust Inc. increased its holdings in TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 267 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in TC Energy in the 2nd quarter valued at $33,000. 83.13% of the stock is currently owned by institutional investors.

TC Energy Price Performance

TRP stock opened at $48.34 on Thursday. TC Energy Co. has a 12 month low of $31.83 and a 12 month high of $48.35. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 1.57. The company has a 50-day moving average price of $46.51 and a 200 day moving average price of $42.14. The stock has a market cap of $50.16 billion, a PE ratio of 19.81, a P/E/G ratio of 3.89 and a beta of 0.81.

Analyst Ratings Changes

TRP has been the subject of a number of recent research reports. Barclays raised shares of TC Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. UBS Group raised shares of TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. The Goldman Sachs Group lifted their price objective on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research note on Monday, October 21st. Finally, StockNews.com initiated coverage on shares of TC Energy in a research note on Saturday, October 5th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.50.

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.