Natixis Advisors LLC Acquires 4,877 Shares of TC Energy Co. (NYSE:TRP)

Natixis Advisors LLC raised its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 10.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,438 shares of the pipeline company’s stock after purchasing an additional 4,877 shares during the period. Natixis Advisors LLC’s holdings in TC Energy were worth $2,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Signaturefd LLC boosted its stake in shares of TC Energy by 1.6% in the second quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock valued at $621,000 after buying an additional 261 shares during the period. Blue Trust Inc. lifted 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 acquiring an additional 267 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in shares of TC Energy by 1.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 19,873 shares of the pipeline company’s stock worth $799,000 after purchasing an additional 364 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its position in shares of TC Energy by 4.5% in the third quarter. Mesirow Financial Investment Management Inc. now owns 9,175 shares of the pipeline company’s stock worth $436,000 after purchasing an additional 393 shares during the period. Finally, Souders Financial Advisors raised its stake in TC Energy by 0.5% in the third quarter. Souders Financial Advisors now owns 85,817 shares of the pipeline company’s stock valued at $4,081,000 after purchasing an additional 396 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their target price on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, October 21st. StockNews.com initiated coverage on TC Energy in a report on Monday, November 18th. They set a “hold” rating for the company. Finally, Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and a consensus target price of $55.67.

TC Energy Price Performance

Shares of TRP opened at $49.85 on Monday. The business has a 50-day simple moving average of $47.22 and a two-hundred day simple moving average of $43.26. TC Energy Co. has a 12-month low of $31.83 and a 12-month high of $50.37. The stock has a market cap of $51.74 billion, a PE ratio of 13.81, a PEG ratio of 4.22 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. Analysts anticipate that TC Energy Co. will post 2.98 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.822 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, December 31st. This represents a $3.29 annualized dividend and a dividend yield of 6.60%. TC Energy’s payout ratio is currently 67.31%.

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.