Zions Bancorporation N.A. Has $7.78 Million Stock Holdings in TC Energy Co. (NYSE:TRP)

Zions Bancorporation N.A. raised its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,150 shares of the pipeline company's stock after purchasing an additional 19,223 shares during the quarter. Zions Bancorporation N.A.'s holdings in TC Energy were worth $7,777,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NTV Asset Management LLC grew its position in shares of TC Energy by 4.0% in the fourth quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company's stock valued at $288,000 after purchasing an additional 239 shares during the last quarter. Captrust Financial Advisors lifted its holdings in TC Energy by 1.3% during the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock worth $871,000 after purchasing an additional 242 shares during the last quarter. Lee Financial Co boosted its stake in TC Energy by 3.1% in the 4th quarter. Lee Financial Co now owns 8,185 shares of the pipeline company's stock valued at $381,000 after purchasing an additional 246 shares during the period. IFP Advisors Inc grew its holdings in TC Energy by 7.0% in the 4th quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company's stock valued at $177,000 after buying an additional 249 shares in the last quarter. Finally, Prospera Financial Services Inc increased its position in TC Energy by 4.8% during the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company's stock worth $274,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 83.13% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on TRP. Royal Bank of Canada upped 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. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. StockNews.com lowered TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Finally, TD Securities began coverage on TC Energy in a report on Wednesday, January 15th. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, TC Energy has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Price Performance

Shares of TRP traded down $0.25 during midday trading on Friday, hitting $48.02. The company's stock had a trading volume of 1,683,361 shares, compared to its average volume of 2,660,872. 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 $34.95 and a one year high of $50.37. The stock has a market capitalization of $49.90 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83. The company's fifty day simple moving average is $46.54 and its two-hundred day simple moving average is $46.94.

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

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.85 per share. The ex-dividend date is Monday, March 31st. This is an increase from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a dividend yield of 7.08%. TC Energy's dividend payout ratio is 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.