Jump Financial LLC Invests $614,000 in TC Energy Co. (NYSE:TRP)

Jump Financial LLC purchased a new stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,200 shares of the pipeline company's stock, valued at approximately $614,000.

Several other hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of TC Energy in the fourth quarter valued at $31,000. Versant Capital Management Inc acquired a new position in TC Energy in the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new position in TC Energy in the 4th quarter valued at about $36,000. Millstone Evans Group LLC acquired a new stake in shares of TC Energy during the fourth quarter valued at about $41,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of TC Energy during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Trading Down 0.2 %

Shares of TRP stock opened at $48.92 on Thursday. The stock has a 50-day simple moving average of $46.90 and a 200 day simple moving average of $47.08. The stock has a market capitalization of $50.84 billion, a P/E ratio of 15.10, a P/E/G ratio of 4.34 and a beta of 0.74. TC Energy Co. has a fifty-two week low of $35.38 and a fifty-two week high of $50.37. 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 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. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same period in the previous year, the company earned $1.35 EPS. On average, sell-side analysts expect that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 6.95%. TC Energy's dividend payout ratio is currently 72.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TRP shares. Citigroup started coverage on TC Energy in a research note on Friday, April 4th. They set a "neutral" rating for the company. StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada increased their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three 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 data from MarketBeat.com, TC Energy currently has an average rating of "Moderate Buy" and a consensus 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.

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