TD Waterhouse Canada Inc. Grows Stock Holdings in TC Energy Co. (NYSE:TRP)

TD Waterhouse Canada Inc. lifted its position in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,415,137 shares of the pipeline company's stock after purchasing an additional 66,931 shares during the period. TC Energy comprises about 1.7% of TD Waterhouse Canada Inc.'s holdings, making the stock its 13th largest position. TD Waterhouse Canada Inc. owned 0.42% of TC Energy worth $205,043,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Addenda Capital Inc. lifted its position in TC Energy by 4.4% during the 4th quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company's stock worth $48,135,000 after acquiring an additional 43,639 shares during the period. Ritholtz Wealth Management grew its position in TC Energy by 44.8% in the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company's stock valued at $1,115,000 after buying an additional 7,412 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in TC Energy by 7.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 224,829 shares of the pipeline company's stock valued at $10,463,000 after buying an additional 16,334 shares during the last quarter. Cinctive Capital Management LP increased its stake in TC Energy by 12.3% in the 4th quarter. Cinctive Capital Management LP now owns 194,133 shares of the pipeline company's stock valued at $9,042,000 after buying an additional 21,243 shares during the period. Finally, Guardian Partners Inc. purchased a new position in TC Energy during the 4th quarter worth $8,614,000. Institutional investors and hedge funds own 83.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TRP shares. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Citigroup started coverage on TC Energy in a research report on Friday, April 4th. They set a "neutral" rating on the stock. TD Securities initiated coverage on TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada upped their price objective on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Price Performance

TRP stock traded up $0.11 on Friday, reaching $49.61. The company had a trading volume of 7,055,812 shares, compared to its average volume of 2,590,052. The company's fifty day moving average is $46.97 and its 200 day moving average is $47.12. The company has a market cap of $51.58 billion, a P/E ratio of 15.31, a PEG ratio of 4.34 and a beta of 0.74. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. 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 posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $1.35 EPS. On average, research analysts forecast that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.85 dividend. 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 6.85%. The ex-dividend date is Monday, March 31st. TC Energy's dividend payout ratio (DPR) is 72.84%.

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.