Pictet Asset Management Holding SA Raises Stock Position in TC Energy Corporation $TRP

Pictet Asset Management Holding SA boosted its stake in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,243 shares of the pipeline company’s stock after purchasing an additional 14,545 shares during the period. Pictet Asset Management Holding SA’s holdings in TC Energy were worth $22,179,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. grew its holdings in shares of TC Energy by 2.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 9,991 shares of the pipeline company’s stock worth $544,000 after acquiring an additional 200 shares during the period. Gold Investment Management Ltd. lifted its holdings in TC Energy by 2.0% in the fourth quarter. Gold Investment Management Ltd. now owns 9,964 shares of the pipeline company’s stock valued at $549,000 after acquiring an additional 200 shares during the period. Kingswood Wealth Advisors LLC boosted its position in TC Energy by 2.8% in the third quarter. Kingswood Wealth Advisors LLC now owns 7,342 shares of the pipeline company’s stock worth $399,000 after purchasing an additional 202 shares during the last quarter. Kennebec Savings Bank boosted its position in TC Energy by 2.1% in the fourth quarter. Kennebec Savings Bank now owns 9,854 shares of the pipeline company’s stock worth $542,000 after purchasing an additional 203 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in shares of TC Energy by 3.4% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,171 shares of the pipeline company’s stock valued at $336,000 after purchasing an additional 204 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRP has been the subject of several research reports. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “neutral” rating and upped their price target for the company from $53.00 to $62.00 in a research report on Monday, April 20th. National Bank Financial lowered shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Weiss Ratings raised shares of TC Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, April 21st. Barclays reiterated an “overweight” rating on shares of TC Energy in a research report on Friday, February 20th. Finally, TD Securities cut shares of TC Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

TC Energy Stock Up 4.8%

TRP stock opened at $67.06 on Friday. The business’s 50-day moving average price is $63.11 and its 200-day moving average price is $57.76. The stock has a market cap of $69.86 billion, a P/E ratio of 28.85 and a beta of 0.69. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.66. TC Energy Corporation has a twelve month low of $46.29 and a twelve month high of $67.11.

TC Energy (NYSE:TRP) (TSE:TRP) last released its earnings results on Friday, February 13th. The pipeline company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. TC Energy had a net margin of 23.04% and a return on equity of 10.52%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm posted $1.05 EPS. On average, equities research analysts forecast that TC Energy Corporation will post 2.76 EPS for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from TC Energy’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, March 31st. TC Energy’s dividend payout ratio is currently 108.62%.

Key TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Featured as one of the “5 Best Infrastructure Stocks” (cites a recent selection and notes an April 23 CIBC upgrade referenced in that piece) — this kind of placement/upgrade can attract investor interest into pipeline/infrastructure names. InsiderMonkey: 5 Best Infrastructure Stocks
• Neutral Sentiment: Consensus headline full-year EPS estimate remains cited at $2.78 — analyst house revisions so far have not (yet) meaningfully moved the consensus published figure, leaving market focus on individual shop views and near-term catalysts.
• Negative Sentiment: US Capital Advisors cut a broad set of EPS forecasts for TRP across multiple quarters and fiscal years (examples: FY2026 cut to $2.47 from $2.61; FY2027 to $2.62 from $2.70; FY2028 to $2.65 from $2.75; and multiple quarterly trims). These downward revisions increase short-term earnings risk and may pressure sentiment if other firms follow.
• Negative Sentiment: Unusual options activity: buyers purchased ~16,157 put contracts on Wednesday — roughly a 1,446% jump versus typical daily put volume. That sharp increase in put demand signals elevated bearish hedging/speculation, which can amplify downside pressure if sentiment shifts.

TC Energy Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.