Metis Global Partners LLC Has $4.54 Million Holdings in TC Energy Co. (NYSE:TRP)

Metis Global Partners LLC lifted its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 16.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,470 shares of the pipeline company's stock after acquiring an additional 13,368 shares during the quarter. Metis Global Partners LLC's holdings in TC Energy were worth $4,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRP. SG Americas Securities LLC bought a new position in shares of TC Energy in the first quarter valued at approximately $104,000. M&G Plc bought a new position in TC Energy during the first quarter valued at about $111,587,000. Intech Investment Management LLC bought a new stake in shares of TC Energy in the 1st quarter worth approximately $1,159,000. Vanguard Group Inc. increased its position in shares of TC Energy by 1.6% during the first quarter. Vanguard Group Inc. now owns 41,057,330 shares of the pipeline company's stock valued at $1,650,505,000 after purchasing an additional 653,031 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in TC Energy by 13.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 31,818 shares of the pipeline company's stock worth $1,279,000 after purchasing an additional 3,758 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

Analysts Set New Price Targets

TRP has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of TC Energy from $38.00 to $42.00 and gave the stock a "sell" rating in a report on Monday, October 21st. UBS Group raised TC Energy from a "neutral" rating to a "buy" rating in a report on Monday, September 30th. JPMorgan Chase & Co. upgraded TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. Veritas upgraded shares of TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, TC Energy has a consensus rating of "Hold" and an average price target of $48.50.

TC Energy Price Performance

NYSE TRP traded up $0.16 on Friday, hitting $49.01. 1,380,311 shares of the company were exchanged, compared to its average volume of 3,082,598. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The company has a market cap of $50.87 billion, a P/E ratio of 13.55, a P/E/G ratio of 4.07 and a beta of 0.81. TC Energy Co. has a 1-year low of $31.83 and a 1-year high of $50.22. The firm has a 50 day moving average of $46.82 and a two-hundred day moving average of $42.64.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, beating 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 analyst estimates of $2.83 billion. On average, equities analysts predict that TC Energy Co. will post 2.98 EPS for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 6.71%. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy's dividend payout ratio is currently 78.95%.

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.