Intrust Bank NA Increases Stake in TC Energy Co. (NYSE:TRP)

Intrust Bank NA lifted its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,122 shares of the pipeline company’s stock after purchasing an additional 808 shares during the period. Intrust Bank NA’s holdings in TC Energy were worth $471,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of TC Energy in the fourth quarter worth $31,000. Versant Capital Management Inc bought a new stake in shares of TC Energy in the fourth quarter worth about $33,000. Synergy Investment Management LLC purchased a new position in TC Energy during the 4th quarter valued at about $36,000. Point72 DIFC Ltd bought a new position in TC Energy during the 3rd quarter valued at approximately $39,000. Finally, Millstone Evans Group LLC bought a new position in TC Energy during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Price Performance

TRP stock opened at $48.02 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The firm has a 50 day moving average price of $46.54 and a 200-day moving average price of $46.95. TC Energy Co. has a 52-week low of $34.95 and a 52-week high of $50.37. The firm has a market capitalization of $49.90 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 4.34 and a beta of 0.83.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business earned $1.35 earnings per share. Equities research analysts forecast that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.85 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Monday, March 31st. TC Energy’s dividend payout ratio (DPR) is currently 72.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRP shares. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. TD Securities initiated coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a “buy” rating for the company. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. StockNews.com cut TC Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada increased their target price on TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.