79,248 Shares in TC Energy Co. (NYSE:TRP) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 79,248 shares of the pipeline company's stock, valued at approximately $3,771,000.

A number of other hedge funds have also modified their holdings of TRP. Captrust Financial Advisors lifted its holdings in TC Energy by 1.3% during the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock valued at $871,000 after purchasing an additional 242 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of TC Energy by 2.6% during the second quarter. CIBC Asset Management Inc now owns 8,515,086 shares of the pipeline company's stock worth $322,584,000 after buying an additional 214,689 shares in the last quarter. Harvest Portfolios Group Inc. raised its stake in shares of TC Energy by 107.7% in the third quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company's stock valued at $10,743,000 after acquiring an additional 117,176 shares during the last quarter. Partners Group Holding AG boosted its holdings in shares of TC Energy by 25.8% in the 3rd quarter. Partners Group Holding AG now owns 845,335 shares of the pipeline company's stock worth $40,196,000 after acquiring an additional 173,250 shares in the last quarter. Finally, FMR LLC grew its position in TC Energy by 2,821.8% during the 3rd quarter. FMR LLC now owns 574,427 shares of the pipeline company's stock worth $27,311,000 after acquiring an additional 554,767 shares during the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Trading Down 0.9 %

Shares of NYSE:TRP traded down $0.42 during trading on Monday, hitting $46.05. 3,824,131 shares of the company's stock were exchanged, compared to its average volume of 3,051,643. The firm has a 50-day moving average price of $47.76 and a two-hundred day moving average price of $44.33. TC Energy Co. has a 1-year low of $31.83 and a 1-year high of $50.37. The firm has a market cap of $47.79 billion, a P/E ratio of 12.75, a PEG ratio of 3.88 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.83 billion. Equities analysts predict that TC Energy Co. will post 3 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.70. This represents a $3.29 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Tuesday, December 31st. TC Energy's payout ratio is presently 78.95%.

Analysts Set New Price Targets

Several brokerages have issued reports on TRP. Morgan Stanley upgraded TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on shares of TC Energy from $66.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group raised their price objective on shares of TC Energy from $38.00 to $42.00 and gave the company a "sell" rating in a research report 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. Finally, Veritas raised shares of TC Energy to a "strong sell" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $55.67.

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.