TC Energy Co. (NYSE:TRP) Shares Sold by Partners Group Holding AG

Partners Group Holding AG trimmed its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 608,451 shares of the pipeline company's stock after selling 236,884 shares during the quarter. TC Energy accounts for approximately 1.0% of Partners Group Holding AG's investment portfolio, making the stock its 23rd biggest holding. Partners Group Holding AG owned 0.06% of TC Energy worth $28,385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Addenda Capital Inc. lifted its stake in shares of TC Energy by 4.4% in the 4th quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company's stock valued at $48,135,000 after purchasing an additional 43,639 shares during the period. Captrust Financial Advisors raised its position in shares of TC Energy by 1.3% in the third quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock worth $871,000 after acquiring an additional 242 shares during the period. Ritholtz Wealth Management boosted its stake in shares of TC Energy by 44.8% during the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company's stock worth $1,115,000 after acquiring an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of TC Energy during the 3rd quarter valued at about $3,771,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of TC Energy by 7.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,034,698 shares of the pipeline company's stock valued at $48,144,000 after purchasing an additional 71,955 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have issued reports on TRP. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. StockNews.com downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. TD Securities started coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TC Energy has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Price Performance

TRP traded down $0.18 on Thursday, reaching $48.27. 1,122,035 shares of the company's stock were exchanged, compared to its average volume of 2,464,388. The stock has a market cap of $50.16 billion, a PE ratio of 14.90, a P/E/G ratio of 4.34 and a beta of 0.83. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. TC Energy Co. has a twelve month low of $34.95 and a twelve month high of $50.37. The stock's fifty day moving average price is $46.53 and its 200-day moving average price is $46.93.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.51 by $0.54. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same quarter last year, the firm earned $1.35 earnings per share. Sell-side analysts expect 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. Stockholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This is a boost from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 7.04%. TC Energy's payout ratio is presently 72.53%.

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.