TC Energy Co. (NYSE:TRP) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,415,137 shares of the pipeline company’s stock after purchasing an additional 66,931 shares during the period. TC Energy comprises approximately 1.7% of TD Waterhouse Canada Inc.’s holdings, making the stock its 13th biggest holding. TD Waterhouse Canada Inc. owned 0.42% of TC Energy worth $205,043,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TRP. Vanguard Group Inc. boosted its stake in shares of TC Energy by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 43,687,141 shares of the pipeline company’s stock valued at $2,035,952,000 after acquiring an additional 734,678 shares during the last quarter. FIL Ltd grew its holdings in shares of TC Energy by 10.3% during the fourth quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company’s stock worth $1,325,558,000 after buying an additional 2,644,627 shares in the last quarter. TD Asset Management Inc. raised its position in shares of TC Energy by 2.1% in the fourth quarter. TD Asset Management Inc. now owns 16,437,150 shares of the pipeline company’s stock valued at $765,627,000 after buying an additional 344,485 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of TC Energy by 9.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,755,330 shares of the pipeline company’s stock valued at $686,763,000 after buying an additional 1,280,000 shares during the period. Finally, Norges Bank purchased a new stake in TC Energy in the 4th quarter worth approximately $428,759,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Stock Performance

NYSE:TRP opened at $49.44 on Monday. The firm’s fifty day simple moving average is $46.78 and its 200 day simple moving average is $47.03. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. TC Energy Co. has a twelve month low of $35.38 and a twelve month high of $50.37. The firm has a market capitalization of $51.39 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping 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 company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. As a group, equities research analysts expect that TC Energy Co. will post 2.63 earnings per share 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 given a $0.85 dividend. This is an increase from TC Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 annualized dividend and a yield of 6.88%. TC Energy’s dividend payout ratio (DPR) is 72.84%.

Analysts Set New Price Targets

TRP has been the topic of several analyst reports. Citigroup started coverage on TC Energy in a report on Friday, April 4th. They set a “neutral” rating on the stock. StockNews.com lowered shares of TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. TD Securities initiated coverage on shares of TC Energy in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Royal Bank of Canada lifted 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 upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.