Partners Group Holding AG Increases Position in TC Energy Co. (NYSE:TRP)

Partners Group Holding AG boosted its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 25.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 845,335 shares of the pipeline company's stock after buying an additional 173,250 shares during the period. TC Energy makes up about 2.7% of Partners Group Holding AG's investment portfolio, making the stock its 16th largest position. Partners Group Holding AG owned 0.08% of TC Energy worth $40,196,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its holdings in TC Energy by 107.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company's stock valued at $737,609,000 after purchasing an additional 10,065,000 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of TC Energy by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 11,892,999 shares of the pipeline company's stock valued at $450,749,000 after buying an additional 467,497 shares during the period. CIBC Asset Management Inc lifted its position in TC Energy by 2.6% during the 2nd quarter. CIBC Asset Management Inc now owns 8,515,086 shares of the pipeline company's stock worth $322,584,000 after acquiring an additional 214,689 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in TC Energy by 156.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company's stock worth $321,778,000 after acquiring an additional 4,126,801 shares during the period. Finally, Cardinal Capital Management Inc. grew its position in TC Energy by 101.4% in the second quarter. Cardinal Capital Management Inc. now owns 5,068,758 shares of the pipeline company's stock valued at $192,024,000 after acquiring an additional 2,551,926 shares in the last quarter. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TRP. StockNews.com started coverage on shares of TC Energy in a report on Tuesday. They set a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. Veritas upgraded TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their price target on shares of TC Energy from $38.00 to $42.00 and gave the stock a "sell" rating in a research report on Monday, October 21st. Finally, Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, TC Energy currently has a consensus rating of "Hold" and a consensus price target of $55.67.

TC Energy Trading Down 0.7 %

TC Energy stock traded down $0.32 during trading hours on Tuesday, reaching $48.74. 1,535,745 shares of the company's stock were exchanged, compared to its average volume of 3,055,435. TC Energy Co. has a twelve month low of $31.83 and a twelve month high of $50.37. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The firm's 50 day simple moving average is $47.27 and its 200 day simple moving average is $43.34. The firm has a market capitalization of $50.59 billion, a PE ratio of 13.50, a PEG ratio of 4.19 and a beta of 0.81.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.06. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. Research analysts predict that TC Energy Co. will post 2.98 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.822 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 annualized dividend and a yield of 6.75%. This is an increase from TC Energy's previous quarterly dividend of $0.70. TC Energy's dividend payout ratio (DPR) is presently 78.95%.

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.