168,775 Shares in TC Energy Co. (NYSE:TRP) Purchased by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. acquired a new stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 168,775 shares of the pipeline company's stock, valued at approximately $7,853,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of TC Energy during the 4th quarter worth approximately $31,000. Versant Capital Management Inc bought a new stake in shares of TC Energy during the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new position in shares of TC Energy in the 4th quarter valued at $36,000. Millstone Evans Group LLC bought a new stake in shares of TC Energy during the fourth quarter worth about $41,000. Finally, First Command Advisory Services Inc. bought a new position in shares of TC Energy during the fourth quarter valued at $46,000. Institutional investors and hedge funds own 83.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on TRP shares. TD Securities began coverage on shares of TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Royal Bank of Canada boosted their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Citigroup initiated coverage on shares of TC Energy in a research report on Friday, April 4th. They set a "neutral" rating for the company. Finally, Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, TC Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

TC Energy Trading Up 0.2 %

Shares of NYSE TRP traded up $0.11 during midday trading on Friday, reaching $49.61. The company had a trading volume of 7,055,812 shares, compared to its average volume of 2,590,052. The firm's fifty day moving average price is $46.97 and its 200-day moving average price is $47.12. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy Co. has a one year low of $35.38 and a one year high of $50.37. The stock has a market cap of $51.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The firm had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter last year, the business earned $1.35 earnings per share. On average, equities research analysts anticipate that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.85 dividend. This is a positive change 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 yield of 6.85%. TC Energy's dividend payout ratio (DPR) is presently 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.