TC Energy Co. (NYSE:TRP) is Triasima Portfolio Management inc.'s 6th Largest Position

Triasima Portfolio Management inc. decreased its holdings in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,280 shares of the pipeline company's stock after selling 28,412 shares during the quarter. TC Energy accounts for approximately 2.4% of Triasima Portfolio Management inc.'s portfolio, making the stock its 6th largest position. Triasima Portfolio Management inc.'s holdings in TC Energy were worth $12,496,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors grew its position in TC Energy by 1.3% in the third quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock worth $871,000 after acquiring an additional 242 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of TC Energy by 4.8% in the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company's stock valued at $274,000 after purchasing an additional 262 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of TC Energy by 8.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company's stock worth $167,000 after purchasing an additional 264 shares during the period. Blue Trust Inc. increased its position in shares of TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 267 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its holdings in TC Energy by 2.9% during the 4th quarter. Cohen Investment Advisors LLC now owns 9,831 shares of the pipeline company's stock valued at $457,000 after buying an additional 279 shares during the period. 83.13% of the stock is currently owned by institutional investors.

TC Energy Trading Up 0.1 %

Shares of TC Energy stock traded up $0.03 on Tuesday, hitting $47.23. 656,921 shares of the company traded hands, compared to its average volume of 2,089,133. The stock's 50 day moving average price is $46.75 and its 200-day moving average price is $46.44. The company has a market cap of $49.07 billion, a PE ratio of 13.08, a PEG ratio of 4.45 and a beta of 0.81. TC Energy Co. has a 52 week low of $31.83 and a 52 week high of $50.37. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. StockNews.com started coverage on shares of TC Energy in a research note on Wednesday, December 4th. They set a "hold" rating for the company. BMO Capital Markets raised their price objective on shares of TC Energy from $66.00 to $70.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 20th. TD Securities assumed coverage on TC Energy in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group raised their price target on TC Energy from $38.00 to $42.00 and gave the stock a "sell" rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, TC Energy presently has an average rating of "Hold" and an average price target of $56.00.

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.