Lincluden Management Ltd. Sells 37,695 Shares of TC Energy Co. (NYSE:TRP)

Lincluden Management Ltd. lowered its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,218,847 shares of the pipeline company's stock after selling 37,695 shares during the period. TC Energy makes up about 6.3% of Lincluden Management Ltd.'s portfolio, making the stock its 3rd largest position. Lincluden Management Ltd. owned approximately 0.12% of TC Energy worth $57,976,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Capital Research Global Investors lifted its stake in shares of TC Energy by 2.7% in the 1st quarter. Capital Research Global Investors now owns 57,170,304 shares of the pipeline company's stock valued at $2,297,701,000 after purchasing an additional 1,492,315 shares during the period. Vanguard Group Inc. grew its holdings 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 worth $1,650,505,000 after buying an additional 653,031 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of TC Energy by 107.1% during the second quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company's stock worth $737,609,000 after buying an additional 10,065,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of TC Energy by 94.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,124,818 shares of the pipeline company's stock valued at $688,534,000 after purchasing an additional 8,339,800 shares during the period. Finally, TD Asset Management Inc grew its holdings in shares of TC Energy by 9.5% in the first quarter. TD Asset Management Inc now owns 16,763,150 shares of the pipeline company's stock valued at $674,366,000 after purchasing an additional 1,458,732 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Stock Down 0.5 %

Shares of NYSE:TRP traded down $0.21 during trading on Friday, hitting $46.30. 1,213,320 shares of the company were exchanged, compared to its average volume of 3,143,119. The stock has a market capitalization of $48.05 billion, a P/E ratio of 18.98, a PEG ratio of 3.85 and a beta of 0.81. 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 Co. has a 12-month low of $31.83 and a 12-month high of $48.25. The firm's 50 day moving average price is $46.36 and its 200-day moving average price is $41.77.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings results 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 during 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 quarter in the prior year, the firm earned $0.71 EPS. On average, research analysts predict that TC Energy Co. will post 3.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRP. Veritas raised shares of TC Energy to a "strong sell" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised shares of TC Energy from a "neutral" rating to an "overweight" rating in a research report on Monday, October 14th. Barclays raised shares of TC Energy from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, July 17th. StockNews.com assumed coverage on shares of TC Energy in a research report on Saturday, October 5th. They set a "hold" rating on the stock. Finally, UBS Group raised shares of TC Energy from a "neutral" rating to a "buy" rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, TC Energy currently has an average rating of "Hold" and a consensus price target of $48.50.

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.