American Century Companies Inc. Acquires 14,076 Shares of TC Energy Co. (NYSE:TRP)

American Century Companies Inc. increased its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 246,855 shares of the pipeline company's stock after buying an additional 14,076 shares during the period. American Century Companies Inc.'s holdings in TC Energy were worth $11,504,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of TC Energy during the 4th quarter worth approximately $31,000. Versant Capital Management Inc bought a new position in shares of TC Energy during the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new position in shares of TC Energy in the fourth quarter worth about $36,000. Point72 DIFC Ltd purchased a new stake in shares of TC Energy during the 3rd quarter valued at approximately $39,000. Finally, Millstone Evans Group LLC purchased a new stake in TC Energy during the 4th quarter worth about $41,000. Institutional investors own 83.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRP. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. 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. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Finally, Citigroup began coverage on TC Energy in a report on Friday. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Stock Down 5.4 %

Shares of NYSE:TRP traded down $2.65 during midday trading on Friday, reaching $46.07. The company's stock had a trading volume of 6,088,531 shares, compared to its average volume of 2,645,363. TC Energy Co. has a 12-month low of $34.95 and a 12-month high of $50.37. The firm has a market capitalization of $47.88 billion, a P/E ratio of 14.22, a PEG ratio of 4.34 and a beta of 0.74. The firm has a 50 day moving average of $46.57 and a 200-day moving average of $47.00. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating 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 company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company earned $1.35 EPS. On average, research analysts anticipate that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.85 dividend. This is a boost from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a yield of 7.38%. TC Energy's payout ratio is presently 72.53%.

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.