YANKCOM Partnership Makes New $592,000 Investment in TC Energy Co. (NYSE:TRP)

YANKCOM Partnership purchased a new stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,714 shares of the pipeline company's stock, valued at approximately $592,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRP. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in TC Energy by 156.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company's stock worth $321,778,000 after buying an additional 4,126,801 shares during the period. Geode Capital Management LLC lifted its holdings in TC Energy by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company's stock worth $225,890,000 after purchasing an additional 360,548 shares in the last quarter. Merewether Investment Management LP boosted its stake in TC Energy by 37.9% in the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company's stock worth $194,776,000 after purchasing an additional 1,127,000 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in TC Energy by 29.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company's stock valued at $152,072,000 after buying an additional 722,619 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of TC Energy by 0.8% during the third quarter. Swiss National Bank now owns 3,137,901 shares of the pipeline company's stock valued at $149,401,000 after buying an additional 24,800 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TRP. Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. TD Securities started coverage on TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. BMO Capital Markets increased their price target on TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a research note on Wednesday, November 20th. Finally, StockNews.com started coverage on TC Energy in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TC Energy currently has a consensus rating of "Hold" and an average price target of $56.00.

TC Energy Trading Down 0.1 %

TRP stock traded down $0.07 during midday trading on Friday, reaching $46.89. 2,738,928 shares of the company traded hands, compared to its average volume of 2,186,209. The firm has a market capitalization of $48.72 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 4.45 and a beta of 0.81. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The business has a 50 day moving average of $46.78 and a 200-day moving average of $46.37. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. As a group, sell-side analysts expect that TC Energy Co. will post 2.92 earnings per share for the current fiscal year.

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.