Generali Asset Management SPA SGR Purchases New Shares in TC Energy Co. (NYSE:TRP)

Generali Asset Management SPA SGR purchased a new stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,640 shares of the pipeline company's stock, valued at approximately $588,000.

A number of other large investors have also recently modified their holdings of TRP. SBI Securities Co. Ltd. bought a new position in shares of TC Energy in the fourth quarter worth approximately $31,000. Versant Capital Management Inc bought a new position in shares of TC Energy in the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new stake in shares of TC Energy during the 4th quarter valued at $36,000. Point72 DIFC Ltd bought a new stake in shares of TC Energy during the 3rd quarter worth $39,000. Finally, First Command Advisory Services Inc. purchased a new position in TC Energy in the fourth quarter worth $46,000. Institutional investors own 83.13% of the company's stock.

Analyst Upgrades and Downgrades

TRP has been the topic of a number of research reports. TD Securities began coverage on TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. StockNews.com lowered TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada upped their price objective on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TC Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

Remove Ads

TC Energy Trading Up 1.7 %

Shares of NYSE:TRP traded up $0.85 during trading on Monday, reaching $49.28. 1,929,385 shares of the company traded hands, compared to its average volume of 2,543,566. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. TC Energy Co. has a 52-week low of $34.95 and a 52-week high of $50.37. The business's fifty day moving average is $46.40 and its 200-day moving average is $46.89. The firm has a market capitalization of $51.20 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 4.34 and a beta of 0.83.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same quarter last year, the firm earned $1.35 EPS. As a group, analysts forecast that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Monday, March 31st. This is an increase from TC Energy's previous quarterly dividend of $0.82. TC Energy's payout ratio is currently 72.53%.

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.