Marshall Wace LLP Increases Stock Holdings in TC Energy Co. (NYSE:TRP)

Marshall Wace LLP boosted its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 42.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 812,310 shares of the pipeline company's stock after purchasing an additional 243,874 shares during the period. Marshall Wace LLP owned approximately 0.08% of TC Energy worth $37,797,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of TC Energy by 19.9% during the 3rd quarter. Barclays PLC now owns 528,528 shares of the pipeline company's stock valued at $25,132,000 after buying an additional 87,885 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in TC Energy during the 3rd quarter worth approximately $186,000. Centerstone Investors LLC increased its position in shares of TC Energy by 3.4% during the third quarter. Centerstone Investors LLC now owns 328,440 shares of the pipeline company's stock worth $14,550,000 after purchasing an additional 10,890 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of TC Energy by 58.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,769 shares of the pipeline company's stock valued at $409,000 after buying an additional 3,218 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in TC Energy in the 4th quarter valued at about $33,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Citigroup started coverage on shares of TC Energy in a report on Friday, April 4th. They issued a "neutral" rating on the stock. StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Finally, US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, TC Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

TC Energy Trading Up 1.1 %

TRP opened at $49.44 on Friday. The business has a fifty day moving average price of $46.78 and a 200 day moving average price of $46.99. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. TC Energy Co. has a 12 month low of $35.30 and a 12 month high of $50.37. The stock has a market capitalization of $51.39 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping 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 business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the company posted $1.35 earnings per share. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This is a boost from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Monday, March 31st. TC Energy's payout ratio is 72.84%.

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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