Fractal Investments LLC Purchases 95,000 Shares of TC Energy Co. (NYSE:TRP)

Fractal Investments LLC increased its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 38.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 344,000 shares of the pipeline company's stock after acquiring an additional 95,000 shares during the period. TC Energy accounts for about 2.4% of Fractal Investments LLC's holdings, making the stock its 12th largest position. Fractal Investments LLC's holdings in TC Energy were worth $16,006,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TRP. Cetera Investment Advisers lifted its position in TC Energy by 5.2% during the 2nd quarter. Cetera Investment Advisers now owns 103,894 shares of the pipeline company's stock worth $3,938,000 after acquiring an additional 5,165 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of TC Energy during the 2nd quarter worth about $742,000. Atomi Financial Group Inc. boosted its stake in TC Energy by 63.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,716 shares of the pipeline company's stock valued at $557,000 after purchasing an additional 4,561 shares during the period. SL Advisors LLC grew its holdings in TC Energy by 2.1% in the 3rd quarter. SL Advisors LLC now owns 30,175 shares of the pipeline company's stock valued at $1,435,000 after buying an additional 611 shares during the last quarter. Finally, Royal Fund Management LLC increased its position in TC Energy by 87.4% in the 3rd quarter. Royal Fund Management LLC now owns 34,948 shares of the pipeline company's stock worth $1,663,000 after buying an additional 16,296 shares during the period. 83.13% of the stock is owned by institutional investors.

TC Energy Price Performance

Shares of TC Energy stock traded up $0.27 during trading on Monday, hitting $47.19. 901,427 shares of the company's stock traded hands, compared to its average volume of 2,084,846. TC Energy Co. has a twelve month low of $31.83 and a twelve month high of $50.37. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The company has a market cap of $49.04 billion, a PE ratio of 13.07, a PEG ratio of 4.45 and a beta of 0.81. The firm's fifty day moving average price is $46.78 and its 200 day moving average price is $46.40.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.83 billion. Analysts forecast that TC Energy Co. will post 2.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

TRP has been the subject of several research reports. Morgan Stanley raised TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. StockNews.com started coverage on shares of TC Energy in a report on Wednesday, December 4th. They issued a "hold" rating for the company. BMO Capital Markets boosted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. 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, US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $56.00.

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.