Charles Schwab Investment Management Inc. Increases Stock Holdings in TC Energy Co. (NYSE:TRP)

Charles Schwab Investment Management Inc. lifted its holdings in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,851,942 shares of the pipeline company's stock after acquiring an additional 39,250 shares during the period. Charles Schwab Investment Management Inc. owned 0.27% of TC Energy worth $132,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TRP. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of TC Energy by 156.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company's stock worth $321,778,000 after acquiring an additional 4,126,801 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in TC Energy during the third quarter worth approximately $73,162,000. Merewether Investment Management LP increased its position in TC Energy by 37.9% during the third quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company's stock worth $194,776,000 after buying an additional 1,127,000 shares during the period. Duff & Phelps Investment Management Co. increased 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 buying an additional 730,415 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its position in TC Energy by 29.2% during the third quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company's stock worth $152,072,000 after buying an additional 722,619 shares during the period. Institutional investors and hedge funds own 83.13% of the company's stock.

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TC Energy Price Performance

Shares of TC Energy stock traded up $0.37 during trading on Friday, reaching $45.86. The company's stock had a trading volume of 1,374,582 shares, compared to its average volume of 2,173,636. 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 Co. has a 12-month low of $31.83 and a 12-month high of $50.37. The company has a market capitalization of $47.66 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83. The business has a 50 day moving average price of $46.28 and a 200-day moving average price of $46.74.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings results 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 firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $1.35 earnings per share. As a group, sell-side analysts anticipate 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 paid a $0.85 dividend. The ex-dividend date is Monday, March 31st. This is an increase from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.41%. TC Energy's payout ratio is 72.53%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada lifted their price target on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. TD Securities assumed coverage on TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. StockNews.com lowered TC Energy from a "buy" rating to a "hold" rating in a report on Thursday. Finally, BMO Capital Markets boosted their target price on TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.00.

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.