TC Energy Co. (NYSE:TRP) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,012,001 shares of the pipeline company's stock after selling 125,900 shares during the quarter. Swiss National Bank owned 0.29% of TC Energy worth $140,301,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in TC Energy by 215.7% during the third quarter. Farther Finance Advisors LLC now owns 1,209 shares of the pipeline company's stock worth $57,000 after buying an additional 826 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in TC Energy by 32.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,392 shares of the pipeline company's stock worth $2,063,000 after purchasing an additional 10,637 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in TC Energy in the 3rd quarter valued at $215,000. Metis Global Partners LLC increased its holdings in TC Energy by 16.3% in the 3rd quarter. Metis Global Partners LLC now owns 95,470 shares of the pipeline company's stock valued at $4,538,000 after purchasing an additional 13,368 shares in the last quarter. Finally, Dearborn Partners LLC purchased a new position in TC Energy in the third quarter valued at about $232,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

TC Energy Stock Down 0.1 %

Shares of TRP traded down $0.03 during midday trading on Tuesday, hitting $47.72. The company had a trading volume of 2,450,670 shares, compared to its average volume of 2,561,200. The stock has a market cap of $49.59 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 4.34 and a beta of 0.83. The company's 50 day moving average price is $46.26 and its 200 day moving average price is $46.82. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy Co. has a 52 week low of $34.95 and a 52 week high of $50.37.

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TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the company earned $1.35 earnings per share. On average, equities research analysts predict that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.85 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a dividend yield of 7.12%. The ex-dividend date is Monday, March 31st. TC Energy's dividend payout ratio is currently 72.53%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TRP shares. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. BMO Capital Markets boosted their target price 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. Royal Bank of Canada raised their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. TD Securities began coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.00.

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.