Quaero Capital S.A. Purchases Shares of 26,260 TC Energy Co. (NYSE:TRP)

Quaero Capital S.A. bought a new position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,260 shares of the pipeline company's stock, valued at approximately $1,222,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRP. Fortitude Family Office LLC purchased a new position in TC Energy in the third quarter worth about $28,000. Blue Trust Inc. grew its position in TC Energy by 72.0% in the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock worth $30,000 after acquiring an additional 267 shares in the last quarter. Versant Capital Management Inc purchased a new position in TC Energy in the fourth quarter worth about $33,000. Point72 DIFC Ltd purchased a new position in TC Energy in the third quarter worth about $39,000. Finally, UMB Bank n.a. purchased a new position in TC Energy in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Securities assumed coverage on TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada boosted their target price on TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research report on Tuesday. StockNews.com started coverage on TC Energy in a research report on Wednesday, December 4th. They set a "hold" rating for the company. Morgan Stanley upgraded TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. Finally, BMO Capital Markets boosted their target price on TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $62.00.

TC Energy Trading Down 1.1 %

Shares of NYSE TRP traded down $0.49 during trading hours on Wednesday, reaching $45.89. The stock had a trading volume of 1,677,430 shares, compared to its average volume of 2,121,049. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The firm has a market cap of $47.68 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 4.35 and a beta of 0.81. The business's fifty day moving average price is $46.56 and its two-hundred day moving average price is $46.63. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. TC Energy had a return on equity of 11.95% and a net margin of 29.40%. During the same quarter in the previous year, the business earned $1.35 earnings per share. Analysts expect that TC Energy Co. will post 2.64 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.41%. TC Energy's dividend payout ratio is presently 70.68%.

TC Energy 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.