TC Energy Co. (NYSE:TRP) Stock Position Boosted by Natixis

Natixis grew its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 54.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,468 shares of the pipeline company's stock after buying an additional 12,174 shares during the quarter. Natixis' holdings in TC Energy were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TRP. Barclays PLC raised its holdings in TC Energy by 19.9% during the third quarter. Barclays PLC now owns 528,528 shares of the pipeline company's stock worth $25,132,000 after purchasing an additional 87,885 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of TC Energy during the 3rd quarter valued at $186,000. Centerstone Investors LLC raised its stake in shares of TC Energy by 3.4% in the 3rd quarter. Centerstone Investors LLC now owns 328,440 shares of the pipeline company's stock worth $14,550,000 after buying an additional 10,890 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of TC Energy by 58.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,769 shares of the pipeline company's stock valued at $409,000 after buying an additional 3,218 shares during the period. Finally, Versant Capital Management Inc bought a new position in TC Energy during the fourth quarter valued at about $33,000. 83.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRP has been the subject of a number of research analyst reports. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. 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. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Trading Up 1.2 %

TC Energy stock opened at $49.01 on Wednesday. The company has a 50 day moving average price of $46.84 and a 200 day moving average price of $47.07. 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 52 week low of $35.38 and a 52 week high of $50.37. The firm has a market capitalization of $50.93 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.35 earnings per share. Research analysts forecast that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.85 dividend. This is an increase from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.94%. TC Energy's dividend payout ratio is currently 72.84%.

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.

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