2,850 Shares in TC Energy Co. (NYSE:TRP) Acquired by Vision Financial Markets LLC

Vision Financial Markets LLC bought a new position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,850 shares of the pipeline company’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc lifted its position in shares of TC Energy by 8.4% during the 4th quarter. CIBC Asset Management Inc now owns 7,123,344 shares of the pipeline company’s stock worth $331,863,000 after buying an additional 551,980 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of TC Energy by 156.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock worth $321,778,000 after buying an additional 4,126,801 shares during the period. Geode Capital Management LLC lifted its position in shares of TC Energy by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock worth $225,890,000 after buying an additional 360,548 shares during the period. Merewether Investment Management LP lifted its position in shares of TC Energy by 37.9% during the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company’s stock worth $194,776,000 after buying an additional 1,127,000 shares during the period. Finally, Kayne Anderson Capital Advisors LP lifted its position in shares of TC Energy by 29.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company’s stock worth $152,072,000 after buying an additional 722,619 shares during the period. Institutional investors own 83.13% of the company’s stock.

TC Energy Stock Up 3.0 %

NYSE TRP opened at $46.37 on Thursday. The stock has a fifty day moving average of $46.30 and a 200-day moving average of $46.72. The stock has a market capitalization of $48.19 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83. TC Energy Co. has a 52 week low of $31.83 and a 52 week high of $50.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. On average, equities research analysts forecast that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.85 per share. The ex-dividend date is Monday, March 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.33%. TC Energy’s payout ratio is 72.53%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRP shares. Royal Bank of Canada raised their price target on TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. BMO Capital Markets raised their price target on TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. TD Securities started coverage on TC Energy in a report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, StockNews.com raised TC Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

TC Energy Company 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.