Swiss National Bank Purchases 24,800 Shares of TC Energy Co. (NYSE:TRP)

Swiss National Bank boosted its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,137,901 shares of the pipeline company's stock after purchasing an additional 24,800 shares during the period. Swiss National Bank owned about 0.30% of TC Energy worth $149,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in TC Energy in the 3rd quarter worth approximately $28,000. Blue Trust Inc. lifted its stake in shares of TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock worth $30,000 after acquiring an additional 267 shares during the period. EdgeRock Capital LLC bought a new stake in TC Energy during the second quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of TC Energy by 138.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company's stock valued at $28,000 after acquiring an additional 429 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in TC Energy in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 83.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TRP. StockNews.com began coverage on shares of TC Energy in a research report on Saturday, October 5th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. raised shares of TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. UBS Group upgraded shares of TC Energy from a "neutral" rating to a "buy" rating in a research report on Monday, September 30th. Veritas upgraded shares of TC Energy to a "strong sell" rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $48.50.

TC Energy Stock Up 1.9 %

NYSE TRP traded up $0.91 during mid-day trading on Monday, hitting $49.90. The company's stock had a trading volume of 1,542,227 shares, compared to its average volume of 3,076,571. 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 capitalization of $51.79 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 4.12 and a beta of 0.81. The company's 50 day simple moving average is $46.87 and its 200 day simple moving average is $42.83. TC Energy Co. has a twelve month low of $31.83 and a twelve month high of $50.22.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.06. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. Analysts anticipate that TC Energy Co. will post 2.98 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.822 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 annualized dividend and a yield of 6.59%. This is an increase from TC Energy's previous quarterly dividend of $0.70. TC Energy's payout ratio is presently 78.95%.

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.