Achmea Investment Management B.V. Invests $19.97 Million in TC Energy Co. (NYSE:TRP)

Achmea Investment Management B.V. bought a new position in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 428,692 shares of the pipeline company's stock, valued at approximately $19,969,000.

A number of other institutional investors have also recently added to or reduced their stakes in TRP. SBI Securities Co. Ltd. bought a new stake in TC Energy during the 4th quarter worth approximately $31,000. Versant Capital Management Inc bought a new stake in TC Energy during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in TC Energy during the 4th quarter worth approximately $36,000. Point72 DIFC Ltd bought a new stake in TC Energy during the 3rd quarter worth approximately $39,000. Finally, First Command Advisory Services Inc. bought a new stake in TC Energy during the 4th quarter worth approximately $46,000. 83.13% of the stock is owned by institutional investors.

TC Energy Stock Up 0.1 %

Shares of TC Energy stock traded up $0.06 during trading on Thursday, reaching $46.65. 2,248,166 shares of the company traded hands, compared to its average volume of 2,576,643. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. TC Energy Co. has a 1-year low of $34.95 and a 1-year high of $50.37. The company has a 50 day moving average price of $46.26 and a 200-day moving average price of $46.77. The firm has a market capitalization of $48.47 billion, a PE ratio of 14.40, a P/E/G ratio of 4.34 and a beta of 0.83.

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

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.85 per share. This is an increase from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 annualized dividend and a yield of 7.29%. TC Energy's dividend payout ratio is presently 72.53%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRP. StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. BMO Capital Markets upped their price objective on shares of TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a research note on Wednesday, November 20th. 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. TD Securities assumed coverage on shares of TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, TC Energy has an average rating of "Moderate Buy" and an average price target of $62.00.

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.