Trexquant Investment LP Invests $3.16 Million in TC Energy Co. (NYSE:TRP)

Trexquant Investment LP acquired a new stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 67,834 shares of the pipeline company's stock, valued at approximately $3,156,000.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on TRP. Royal Bank of Canada lifted their target price on TC Energy from $71.00 to $74.00 and gave the company an "outperform" 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. StockNews.com downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Finally, Citigroup started coverage on shares of TC Energy in a report on Friday, April 4th. They set a "neutral" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

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TC Energy Stock Up 4.4 %

TRP traded up $2.01 during trading on Friday, hitting $47.42. The stock had a trading volume of 2,834,721 shares, compared to its average volume of 2,661,920. 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 company has a market capitalization of $49.28 billion, a PE ratio of 14.64, a PEG ratio of 4.34 and a beta of 0.74. TC Energy Co. has a twelve month low of $34.95 and a twelve month high of $50.37. The stock has a 50 day simple moving average of $46.60 and a two-hundred day simple moving average of $46.95.

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 (EPS) 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 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 prior year, the business posted $1.35 EPS. On average, research analysts predict that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.17%. This is a positive change from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio is presently 72.53%.

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.