TC Energy Co. (NYSE:TRP) Shares Bought by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. raised its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 107.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,007 shares of the pipeline company's stock after acquiring an additional 117,176 shares during the period. Harvest Portfolios Group Inc.'s holdings in TC Energy were worth $10,743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Murchinson Ltd. acquired a new stake in shares of TC Energy during the first quarter worth $506,485,000. Canada Pension Plan Investment Board lifted its position in TC Energy by 107.1% during the second quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company's stock valued at $737,609,000 after purchasing an additional 10,065,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in TC Energy by 94.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,124,818 shares of the pipeline company's stock valued at $688,534,000 after purchasing an additional 8,339,800 shares during the period. Merewether Investment Management LP acquired a new position in TC Energy during the second quarter valued at $112,618,000. Finally, M&G Plc acquired a new position in TC Energy during the first quarter valued at $111,587,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRP has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of TC Energy from $38.00 to $42.00 and gave the company a "sell" rating in a research report on Monday, October 21st. Veritas raised shares of TC Energy to a "strong sell" rating in a report on Tuesday, October 8th. StockNews.com started coverage on shares of TC Energy in a report on Saturday, October 5th. They issued a "hold" rating for the company. Barclays raised shares of TC Energy from an "equal weight" rating to an "overweight" rating in a report on Wednesday, July 17th. Finally, Morgan Stanley raised shares of TC Energy from an "underweight" rating to an "overweight" rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $48.50.

TC Energy Price Performance

NYSE TRP traded up $0.90 during trading hours on Wednesday, hitting $48.34. 2,706,435 shares of the company's stock traded hands, compared to its average volume of 3,123,531. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $48.35. The company has a market capitalization of $50.16 billion, a PE ratio of 19.45, a PEG ratio of 3.89 and a beta of 0.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.76 and a quick ratio of 0.68. The firm's 50-day moving average is $46.45 and its 200-day moving average is $42.10.

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.