4,670 Shares in TC Energy Co. (NYSE:TRP) Bought by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC bought a new position in TC Energy Co. (NYSE:TRP) (TSE:TRP) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 4,670 shares of the pipeline company’s stock, valued at approximately $222,000.

Other large investors also recently added to or reduced their stakes in the company. Murchinson Ltd. bought a new position in shares of TC Energy during the first quarter valued at about $506,485,000. Canada Pension Plan Investment Board raised its stake in shares of TC Energy by 107.1% during the second quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company’s stock valued at $737,609,000 after acquiring an additional 10,065,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of TC Energy by 94.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,124,818 shares of the pipeline company’s stock valued at $688,534,000 after acquiring an additional 8,339,800 shares during the last quarter. Merewether Investment Management LP bought a new position in shares of TC Energy during the second quarter valued at about $112,618,000. Finally, M&G Plc bought a new position in shares of TC Energy during the first quarter valued at about $111,587,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TRP shares. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. 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 started coverage on shares of TC Energy in a research report on Saturday, October 5th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.50.

TC Energy Price Performance

Shares of TRP opened at $47.46 on Wednesday. The stock has a market cap of $49.25 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.68 and a current ratio of 0.76. TC Energy Co. has a fifty-two week low of $31.83 and a fifty-two week high of $48.25. The firm’s 50-day simple moving average is $46.45 and its two-hundred day simple moving average is $42.10.

About TC Energy

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.