Vanguard Group Inc. Has $2.04 Billion Stake in TC Energy Co. (NYSE:TRP)

Vanguard Group Inc. raised its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,687,141 shares of the pipeline company's stock after buying an additional 734,678 shares during the quarter. Vanguard Group Inc. owned about 4.20% of TC Energy worth $2,035,952,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in TC Energy during the fourth quarter worth about $31,000. Versant Capital Management Inc acquired a new position in shares of TC Energy during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of TC Energy during the 4th quarter worth approximately $36,000. Point72 DIFC Ltd bought a new stake in shares of TC Energy during the 3rd quarter worth approximately $39,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of TC Energy in the 4th quarter valued at approximately $41,000. Institutional investors own 83.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRP shares. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their target price on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. TD Securities initiated coverage on TC Energy in a report on Wednesday, January 15th. They set a "buy" rating for the company. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. Finally, StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, TC Energy presently has an average rating of "Moderate Buy" and an average price target of $62.00.

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TC Energy Stock Performance

Shares of TC Energy stock traded down $0.88 during trading on Monday, reaching $47.17. The company's stock had a trading volume of 3,660,477 shares, compared to its average volume of 2,664,854. TC Energy Co. has a 52 week low of $34.95 and a 52 week high of $50.37. The firm has a market cap of $49.02 billion, a PE ratio of 14.56, a P/E/G ratio of 4.34 and a beta of 0.83. The business's 50-day moving average price is $46.53 and its 200-day moving average price is $46.96. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56.

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, topping analysts' consensus estimates of $0.51 by $0.54. The firm 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 quarter last year, the company earned $1.35 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This is an increase from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 7.21%. The ex-dividend date is Monday, March 31st. TC Energy's payout ratio is currently 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.