TC Energy Co. (NYSE:TRP) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,812,692 shares of the pipeline company's stock after purchasing an additional 98,245 shares during the period. Charles Schwab Investment Management Inc. owned 0.27% of TC Energy worth $133,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC lifted its position in TC Energy by 1.6% in the second quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company's stock worth $621,000 after buying an additional 261 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in shares of TC Energy by 4.8% in the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company's stock worth $274,000 after acquiring an additional 262 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of TC Energy by 8.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company's stock worth $167,000 after purchasing an additional 264 shares during the period. Blue Trust Inc. grew its holdings in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 267 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its stake in TC Energy by 1.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 19,873 shares of the pipeline company's stock worth $799,000 after purchasing an additional 364 shares during the last quarter. 83.13% of the stock is owned by institutional investors.

TC Energy Stock Down 1.6 %

Shares of NYSE:TRP traded down $0.79 on Monday, reaching $49.06. The company had a trading volume of 2,066,070 shares, compared to its average volume of 3,057,345. The firm has a market capitalization of $50.92 billion, a PE ratio of 13.81, a PEG ratio of 4.19 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.37. The firm's 50 day simple moving average is $47.22 and its 200-day simple moving average is $43.26.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. As a group, analysts expect that TC Energy Co. will post 2.98 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.822 dividend. This is a positive change from TC Energy's previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a yield of 6.70%. The ex-dividend date is Tuesday, December 31st. TC Energy's payout ratio is currently 78.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRP shares. The Goldman Sachs Group increased their price target on TC Energy from $38.00 to $42.00 and gave the stock a "sell" rating in a report on Monday, October 21st. StockNews.com started coverage on shares of TC Energy in a research note on Monday, November 18th. They set a "hold" rating for the company. BMO Capital Markets lifted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of TC Energy from a "neutral" rating to an "overweight" rating in a research report on Monday, October 14th. Finally, Veritas upgraded TC Energy to a "strong sell" rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TC Energy has an average rating of "Hold" and an average price target of $55.67.

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.