TC Energy Co. (NYSE:TRP) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 32,718 shares of the pipeline company’s stock after purchasing an additional 2,342 shares during the period. Corient Private Wealth LLC’s holdings in TC Energy were worth $1,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in shares of TC Energy during the third quarter worth $236,000. Prospera Financial Services Inc increased its stake 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. Citigroup Inc. lifted its holdings in TC Energy by 73.9% in the 3rd quarter. Citigroup Inc. now owns 166,822 shares of the pipeline company’s stock worth $7,939,000 after buying an additional 70,905 shares in the last quarter. Cerity Partners LLC boosted its position in TC Energy by 72.9% in the 3rd quarter. Cerity Partners LLC now owns 20,538 shares of the pipeline company’s stock valued at $977,000 after buying an additional 8,660 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of TC Energy during the third quarter valued at about $530,000. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Stock Down 0.8 %

Shares of NYSE:TRP opened at $48.89 on Wednesday. The company’s fifty day moving average is $46.45 and its two-hundred day moving average is $46.91. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. TC Energy Co. has a 1-year low of $34.95 and a 1-year high of $50.37. The stock has a market capitalization of $50.80 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share 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 analyst estimates of $2.42 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. Equities analysts anticipate that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.85 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date is Monday, March 31st. TC Energy’s dividend payout ratio is presently 72.53%.

Analyst Ratings Changes

Several research firms recently commented on TRP. StockNews.com cut TC Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. TD Securities began coverage on TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. 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 report on Tuesday, February 18th. Finally, US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, TC Energy has an average rating of “Moderate Buy” and an average price target of $62.00.

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.