Guyasuta Investment Advisors Inc. Buys 300 Shares of TC Energy Co. (NYSE:TRP)

Guyasuta Investment Advisors Inc. raised its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,800 shares of the pipeline company’s stock after buying an additional 300 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in TC Energy were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of TC Energy by 156.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock valued at $321,778,000 after buying an additional 4,126,801 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of TC Energy by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock valued at $225,890,000 after purchasing an additional 360,548 shares during the period. Merewether Investment Management LP lifted its stake in shares of TC Energy by 37.9% in the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company’s stock valued at $194,776,000 after purchasing an additional 1,127,000 shares during the period. Kayne Anderson Capital Advisors LP lifted its stake in shares of TC Energy by 29.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company’s stock valued at $152,072,000 after purchasing an additional 722,619 shares during the period. Finally, Swiss National Bank lifted its stake in shares of TC Energy by 0.8% in the 3rd quarter. Swiss National Bank now owns 3,137,901 shares of the pipeline company’s stock valued at $149,401,000 after purchasing an additional 24,800 shares during the period. Institutional investors own 83.13% of the company’s stock.

Analysts Set New Price Targets

TRP has been the topic of a number of recent analyst reports. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. TD Securities initiated coverage on TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. BMO Capital Markets increased their price objective on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group increased their price objective on 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 TC Energy in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.00.

TC Energy Price Performance

Shares of NYSE TRP opened at $46.05 on Friday. The stock has a fifty day simple moving average of $46.65 and a two-hundred day simple moving average of $46.49. TC Energy Co. has a 1-year low of $31.83 and a 1-year high of $50.37. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. During the same quarter last year, the business earned $1.35 earnings per share. Analysts anticipate that TC Energy Co. will post 2.92 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 7.38%. This is an increase from TC Energy’s previous quarterly dividend of $0.82. TC Energy’s dividend payout ratio is currently 63.43%.

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.