TC Energy Co. (NYSE:TRP) Shares Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lifted its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 325,543 shares of the pipeline company's stock after buying an additional 22,000 shares during the period. Catalyst Capital Advisors LLC's holdings in TC Energy were worth $15,148,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in TC Energy by 156.1% during the third 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 purchasing an additional 4,126,801 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of TC Energy in the 3rd quarter valued at about $73,162,000. Merewether Investment Management LP raised its holdings in 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 worth $194,776,000 after purchasing an additional 1,127,000 shares during the period. Duff & Phelps Investment Management Co. boosted its position in TC Energy by 70.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,763,915 shares of the pipeline company's stock worth $83,874,000 after purchasing an additional 730,415 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in TC Energy by 29.2% in the third 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. 83.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on TRP. Royal Bank of Canada lifted their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday. TD Securities started coverage on TC Energy in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday. StockNews.com raised TC Energy from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Trading Down 0.8 %

Shares of TC Energy stock traded down $0.38 on Thursday, reaching $45.52. The company had a trading volume of 1,693,511 shares, compared to its average volume of 2,108,094. 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 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The firm's 50 day moving average price is $46.53 and its two-hundred day moving average price is $46.62. The firm has a market cap of $47.30 billion, a PE ratio of 14.05, a PEG ratio of 4.43 and a beta of 0.81.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.54. TC Energy had a return on equity of 11.95% and a net margin of 29.40%. 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 prior year, the business earned $1.35 EPS. Sell-side analysts predict that TC Energy Co. will post 2.62 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently announced 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. This is a boost 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 7.47%. TC Energy's payout ratio is presently 70.68%.

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.