Tortoise Capital Advisors L.L.C. Buys 337,647 Shares of TC Energy Co. (NYSE:TRP)

Tortoise Capital Advisors L.L.C. increased its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,279,997 shares of the pipeline company's stock after acquiring an additional 337,647 shares during the quarter. TC Energy makes up 4.9% of Tortoise Capital Advisors L.L.C.'s portfolio, making the stock its 8th biggest position. Tortoise Capital Advisors L.L.C. owned 0.80% of TC Energy worth $385,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Natixis increased its holdings in TC Energy by 54.6% in the fourth quarter. Natixis now owns 34,468 shares of the pipeline company's stock valued at $1,604,000 after buying an additional 12,174 shares during the last quarter. Covalis Capital LLP acquired a new stake in shares of TC Energy during the 4th quarter valued at approximately $3,849,000. First Trust Advisors LP lifted its stake in TC Energy by 685.3% during the fourth quarter. First Trust Advisors LP now owns 1,061,697 shares of the pipeline company's stock worth $49,411,000 after purchasing an additional 926,497 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in TC Energy by 3.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,140,672 shares of the pipeline company's stock worth $52,981,000 after purchasing an additional 42,578 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of TC Energy by 9.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,755,330 shares of the pipeline company's stock worth $686,763,000 after purchasing an additional 1,280,000 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRP. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. 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. Royal Bank of Canada upped their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Citigroup assumed coverage on shares of TC Energy in a research note on Friday, April 4th. They set a "neutral" rating on the stock. Finally, TD Securities started coverage on TC Energy in a research note on Wednesday, January 15th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Trading Up 0.1 %

Shares of TC Energy stock traded up $0.04 on Friday, reaching $49.54. 5,035,402 shares of the company were exchanged, compared to its average volume of 2,582,190. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. TC Energy Co. has a fifty-two week low of $35.38 and a fifty-two week high of $50.37. The firm has a market capitalization of $51.51 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The stock has a fifty day moving average price of $46.97 and a 200-day moving average price of $47.12.

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, beating analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. On average, analysts expect that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid 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 6.86%. The ex-dividend date of this dividend is Monday, March 31st. TC Energy's payout ratio is 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.