Legal & General Group Plc decreased its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 22.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,082,148 shares of the pipeline company's stock after selling 2,704,312 shares during the quarter. Legal & General Group Plc owned approximately 0.87% of TC Energy worth $423,038,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. NTV Asset Management LLC increased its holdings in TC Energy by 4.0% in the fourth quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company's stock valued at $288,000 after purchasing an additional 239 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock valued at $871,000 after acquiring an additional 242 shares during the last quarter. Lee Financial Co raised its position in shares of TC Energy by 3.1% in the 4th quarter. Lee Financial Co now owns 8,185 shares of the pipeline company's stock valued at $381,000 after acquiring an additional 246 shares during the period. IFP Advisors Inc boosted its stake in TC Energy by 7.0% during the 4th quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company's stock worth $177,000 after acquiring an additional 249 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in TC Energy by 7.2% during the fourth quarter. Global Retirement Partners LLC now owns 4,099 shares of the pipeline company's stock valued at $191,000 after purchasing an additional 274 shares during the period. 83.13% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on TRP shares. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Citigroup began coverage on TC Energy in a report on Friday, April 4th. They set a "neutral" rating on the stock. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. StockNews.com downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, TD Securities began coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.00.
Get Our Latest Stock Analysis on TC Energy
TC Energy Stock Up 4.4 %
TRP stock traded up $2.01 during mid-day trading on Friday, reaching $47.42. The company had a trading volume of 2,834,721 shares, compared to its average volume of 2,654,052. TC Energy Co. has a 52 week low of $34.95 and a 52 week high of $50.37. The company has a market capitalization of $49.28 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 4.34 and a beta of 0.74. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. The stock has a 50 day simple moving average of $46.60 and a two-hundred day simple moving average of $46.94.
TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same quarter last year, the company posted $1.35 earnings per share. As a group, equities analysts predict 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. Shareholders of record on Monday, March 31st will be paid a $0.85 dividend. This is a positive change from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 annualized dividend and a yield of 7.17%. TC Energy's dividend payout ratio is currently 72.53%.
About TC Energy
(
Free Report)
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.
Featured Articles
Before you consider TC Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TC Energy wasn't on the list.
While TC Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
