Catalyst Capital Advisors LLC Sells 21,623 Shares of TC Energy Co. (NYSE:TRP)

Catalyst Capital Advisors LLC trimmed its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,543 shares of the pipeline company's stock after selling 21,623 shares during the period. Catalyst Capital Advisors LLC's holdings in TC Energy were worth $14,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors boosted its position in TC Energy by 2.7% in the first quarter. Capital Research Global Investors now owns 57,170,304 shares of the pipeline company's stock worth $2,297,701,000 after purchasing an additional 1,492,315 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of TC Energy by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 41,057,330 shares of the pipeline company's stock worth $1,650,505,000 after purchasing an additional 653,031 shares during the period. Canada Pension Plan Investment Board boosted its holdings in TC Energy by 107.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company's stock valued at $737,609,000 after acquiring an additional 10,065,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of TC Energy by 94.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,124,818 shares of the pipeline company's stock worth $688,534,000 after buying an additional 8,339,800 shares during the period. Finally, TD Asset Management Inc raised its position in shares of TC Energy by 9.5% in the 1st quarter. TD Asset Management Inc now owns 16,763,150 shares of the pipeline company's stock worth $674,366,000 after acquiring an additional 1,458,732 shares in the last quarter. Hedge funds and other institutional investors own 83.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com began coverage on TC Energy in a research note on Saturday, October 5th. They issued a "hold" rating on the stock. Veritas upgraded TC Energy to a "strong sell" rating in a research report on Tuesday, October 8th. UBS Group upgraded TC Energy from a "neutral" rating to a "buy" rating in a report on Monday, September 30th. Barclays raised TC Energy from an "equal weight" rating to an "overweight" rating in a report on Wednesday, July 17th. Finally, Morgan Stanley upgraded TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. Two equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $48.50.

TC Energy Stock Up 1.1 %

TRP traded up $0.53 during trading on Tuesday, reaching $47.46. 940,088 shares of the stock traded hands, compared to its average volume of 3,125,626. TC Energy Co. has a fifty-two week low of $31.83 and a fifty-two week high of $48.25. The stock's 50-day simple moving average is $46.45 and its two-hundred day simple moving average is $42.10. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.76 and a quick ratio of 0.68. The stock has a market cap of $49.25 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 3.84 and a beta of 0.81.

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.