Moody National Bank Trust Division Has $321,000 Holdings in TC Energy Co. (NYSE:TRP)

Moody National Bank Trust Division lessened its holdings in shares of TC Energy Co. (NYSE:TRPGet Rating) (TSE:TRP) by 64.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,188 shares of the pipeline company’s stock after selling 11,000 shares during the quarter. Moody National Bank Trust Division’s holdings in TC Energy were worth $321,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vigilant Capital Management LLC acquired a new stake in TC Energy during the 2nd quarter worth $26,000. Prospera Financial Services Inc acquired a new stake in shares of TC Energy in the 1st quarter valued at about $33,000. Rational Advisors LLC raised its stake in shares of TC Energy by 57.8% in the 1st quarter. Rational Advisors LLC now owns 770 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 282 shares during the period. Financial Management Professionals Inc. raised its stake in shares of TC Energy by 26.0% in the 1st quarter. Financial Management Professionals Inc. now owns 970 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 200 shares during the period. Finally, Chilton Capital Management LLC acquired a new stake in shares of TC Energy in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 70.14% of the company’s stock.

TC Energy Trading Up 1.3 %

Shares of TC Energy stock opened at $47.59 on Tuesday. The business has a fifty day simple moving average of $50.46 and a two-hundred day simple moving average of $53.75. TC Energy Co. has a 1 year low of $44.77 and a 1 year high of $59.38. The company has a market capitalization of $48.16 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 3.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.64 and a quick ratio of 0.57.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a dividend of $0.699 per share. This represents a $2.80 annualized dividend and a yield of 5.88%. The ex-dividend date is Thursday, September 29th. TC Energy’s payout ratio is 110.28%.

Analyst Ratings Changes

TRP has been the topic of several recent research reports. US Capital Advisors reissued a “hold” rating on shares of TC Energy in a research note on Wednesday, June 1st. Royal Bank of Canada dropped their price target on TC Energy from C$79.00 to C$78.00 in a research note on Tuesday, August 2nd. Barclays decreased their price objective on TC Energy from C$71.00 to C$67.00 in a report on Wednesday, July 20th. TD Securities raised their price objective on TC Energy from C$75.00 to C$76.00 in a report on Thursday, August 11th. Finally, BMO Capital Markets decreased their price objective on TC Energy from C$76.00 to C$72.00 in a report on Thursday, August 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and a consensus price target of $68.83.

TC Energy Profile

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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 Storage. The company builds and operates 93,300 km network 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.

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Institutional Ownership by Quarter for TC Energy (NYSE:TRP)

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