TC Energy Co. (NYSE:TRP) Shares Acquired by TD Asset Management Inc.

TD Asset Management Inc. lifted its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,437,150 shares of the pipeline company's stock after acquiring an additional 344,485 shares during the period. TD Asset Management Inc. owned 1.58% of TC Energy worth $765,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRP. NTV Asset Management LLC boosted its position in shares of TC Energy by 4.0% during the fourth quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company's stock valued at $288,000 after buying an additional 239 shares during the period. Captrust Financial Advisors boosted its holdings in TC Energy by 1.3% during the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock valued at $871,000 after acquiring an additional 242 shares during the period. Lee Financial Co grew its position in TC Energy by 3.1% in the 4th quarter. Lee Financial Co now owns 8,185 shares of the pipeline company's stock valued at $381,000 after acquiring an additional 246 shares during the last quarter. IFP Advisors Inc grew its position in TC Energy by 7.0% in the 4th quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company's stock valued at $177,000 after acquiring an additional 249 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its position in shares of TC Energy by 4.8% during the third quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company's stock worth $274,000 after purchasing an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently commented on TRP shares. StockNews.com downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, TD Securities started coverage on TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued 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 a consensus target price of $62.00.

TC Energy Stock Down 0.5 %

TRP stock traded down $0.25 during trading on Friday, reaching $48.02. 1,683,361 shares of the company traded hands, compared to its average volume of 2,660,872. The company has a market capitalization of $49.90 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The business has a 50 day simple moving average of $46.54 and a 200 day simple moving average of $46.94. TC Energy Co. has a 12 month low of $34.95 and a 12 month high of $50.37.

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 the consensus estimate of $0.51 by $0.54. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same quarter in the previous year, the business posted $1.35 EPS. On average, equities research analysts anticipate that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a yield of 7.08%. This is a boost from TC Energy's previous quarterly dividend of $0.82. TC Energy's payout ratio is currently 72.53%.

TC Energy 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.