Miller Howard Investments Inc. NY Sells 142,534 Shares of TC Energy Co. (NYSE:TRP)

Miller Howard Investments Inc. NY reduced its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 19.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,480 shares of the pipeline company's stock after selling 142,534 shares during the period. Miller Howard Investments Inc. NY owned about 0.06% of TC Energy worth $27,754,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC bought a new position in shares of TC Energy during the 3rd quarter valued at $28,000. Blue Trust Inc. boosted its stake in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 267 shares during the period. Versant Capital Management Inc acquired a new stake in TC Energy in the 4th quarter valued at approximately $33,000. Point72 DIFC Ltd bought a new position in TC Energy in the 3rd quarter worth approximately $39,000. Finally, UMB Bank n.a. acquired a new position in shares of TC Energy during the fourth quarter worth approximately $47,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TRP shares. Morgan Stanley raised shares of TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their target price on shares of TC Energy from $38.00 to $42.00 and gave the company a "sell" rating in a research note on Monday, October 21st. TD Securities initiated coverage on TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. BMO Capital Markets upped their price target on TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. Finally, StockNews.com began coverage on TC Energy in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.00.

TC Energy Price Performance

Shares of TRP traded down $0.43 during mid-day trading on Wednesday, reaching $46.84. The company had a trading volume of 1,680,402 shares, compared to its average volume of 2,075,484. The company's 50-day moving average is $46.72 and its 200-day moving average is $46.48. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The company has a market capitalization of $48.67 billion, a P/E ratio of 12.98, a P/E/G ratio of 4.45 and a beta of 0.81. TC Energy Co. has a twelve month low of $31.83 and a twelve month high of $50.37.

TC Energy Company 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.