TC Energy Co. (NYSE:TRP) Shares Acquired by Yaupon Capital Management LP

Yaupon Capital Management LP boosted its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 37.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,054,695 shares of the pipeline company's stock after buying an additional 285,237 shares during the quarter. TC Energy accounts for approximately 2.0% of Yaupon Capital Management LP's portfolio, making the stock its 5th largest holding. Yaupon Capital Management LP owned 0.10% of TC Energy worth $49,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of TC Energy during the 4th quarter worth approximately $428,759,000. Mufg Securities Canada LTD. grew its holdings in TC Energy by 571.7% during the 4th quarter. Mufg Securities Canada LTD. now owns 6,184,832 shares of the pipeline company's stock valued at $288,043,000 after buying an additional 5,264,079 shares during the last quarter. FIL Ltd increased its position in TC Energy by 10.3% during the fourth quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company's stock worth $1,325,558,000 after buying an additional 2,644,627 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of TC Energy in the fourth quarter worth $102,405,000. Finally, Kayne Anderson Capital Advisors LP raised its holdings in shares of TC Energy by 51.4% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 4,842,255 shares of the pipeline company's stock worth $225,310,000 after acquiring an additional 1,644,115 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Trading Up 0.2 %

Shares of NYSE TRP traded up $0.11 during trading on Friday, hitting $49.61. 7,055,812 shares of the company traded hands, compared to its average volume of 2,586,089. The firm has a market capitalization of $51.58 billion, a P/E ratio of 15.31, a P/E/G ratio of 4.34 and a beta of 0.74. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average price of $46.97 and a 200-day moving average price of $47.12. TC Energy Co. has a 1 year low of $35.38 and a 1 year high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released 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. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same period in the previous year, the company posted $1.35 EPS. On average, equities analysts predict that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 6.85%. This is a positive change from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio is presently 72.84%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRP. StockNews.com lowered TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada lifted their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. TD Securities initiated coverage on shares of TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.00.

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.