7,313 Shares in TC Energy Co. (NYSE:TRP) Bought by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. purchased a new position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,313 shares of the pipeline company's stock, valued at approximately $340,000.

Several other hedge funds have also recently added to or reduced their stakes in TRP. Sumitomo Mitsui Trust Group Inc. grew its stake in TC Energy by 32.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,392 shares of the pipeline company's stock worth $2,063,000 after buying an additional 10,637 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in TC Energy during the third quarter worth about $215,000. Metis Global Partners LLC grew its stake in TC Energy by 16.3% during the third quarter. Metis Global Partners LLC now owns 95,470 shares of the pipeline company's stock worth $4,538,000 after buying an additional 13,368 shares during the last quarter. Dearborn Partners LLC bought a new stake in TC Energy during the third quarter worth about $232,000. Finally, Natixis Advisors LLC grew its stake in shares of TC Energy by 10.9% during the third quarter. Natixis Advisors LLC now owns 49,438 shares of the pipeline company's stock valued at $2,351,000 after purchasing an additional 4,877 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Trading Up 1.2 %

TRP traded up $0.59 during mid-day trading on Wednesday, hitting $48.30. The stock had a trading volume of 2,138,664 shares, compared to its average volume of 2,559,013. The stock's fifty day simple moving average is $46.26 and its 200-day simple moving average is $46.83. 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 firm has a market capitalization of $50.19 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83. TC Energy Co. has a 1-year low of $34.95 and a 1-year high of $50.37.

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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 company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same period last year, the business posted $1.35 earnings per share. As a group, research analysts forecast that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.85 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 7.04%. TC Energy's dividend payout ratio (DPR) is 72.53%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TRP shares. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets increased their price target on shares of TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.00.

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.