DekaBank Deutsche Girozentrale Sells 39,466 Shares of TC Energy Co. (NYSE:TRP)

DekaBank Deutsche Girozentrale lessened its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 15.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 215,979 shares of the pipeline company's stock after selling 39,466 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in TC Energy were worth $10,111,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Bank & Trust increased its holdings in shares of TC Energy by 0.7% in the third quarter. First Bank & Trust now owns 58,049 shares of the pipeline company's stock worth $2,760,000 after purchasing an additional 427 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in TC Energy by 3.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,033 shares of the pipeline company's stock worth $810,000 after acquiring an additional 631 shares in the last quarter. PFG Investments LLC purchased a new stake in TC Energy during the third quarter valued at about $239,000. Mediolanum International Funds Ltd boosted its position in TC Energy by 11.2% during the third quarter. Mediolanum International Funds Ltd now owns 28,021 shares of the pipeline company's stock valued at $1,311,000 after buying an additional 2,832 shares during the period. Finally, Tectonic Advisors LLC purchased a new stake in shares of TC Energy during the third quarter worth about $314,000. Institutional investors own 83.13% of the company's stock.

TC Energy Price Performance

Shares of TRP stock traded up $0.04 on Thursday, hitting $46.51. 1,512,103 shares of the stock traded hands, compared to its average volume of 3,151,776. The firm has a market cap of $48.27 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 3.91 and a beta of 0.81. TC Energy Co. has a 52 week low of $31.04 and a 52 week high of $48.25. The firm has a 50 day simple moving average of $46.32 and a two-hundred day simple moving average of $41.73. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.76 and a quick ratio of 0.68.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.65 by $0.29. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.78 billion. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. During the same period last year, the firm earned $0.71 EPS. As a group, equities research analysts predict that TC Energy Co. will post 3.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRP. The Goldman Sachs Group increased their price target on shares of TC Energy from $38.00 to $42.00 and gave the stock a "sell" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised shares of TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. StockNews.com began coverage on shares of TC Energy in a research note on Saturday, October 5th. They issued a "hold" rating for the company. Barclays raised shares of TC Energy from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, July 17th. Finally, Veritas raised shares of TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $48.50.

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.