TC Energy Corporation $TRP Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 41.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,321 shares of the pipeline company’s stock after selling 12,911 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in TC Energy were worth $1,059,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cidel Asset Management Inc. boosted its holdings in TC Energy by 3.7% during the third quarter. Cidel Asset Management Inc. now owns 22,226 shares of the pipeline company’s stock worth $1,290,000 after buying an additional 800 shares in the last quarter. State of Wyoming increased its holdings in TC Energy by 83.5% in the third quarter. State of Wyoming now owns 4,682 shares of the pipeline company’s stock valued at $272,000 after buying an additional 2,130 shares in the last quarter. D.A. Davidson & CO. increased its holdings in TC Energy by 11.1% in the third quarter. D.A. Davidson & CO. now owns 25,643 shares of the pipeline company’s stock valued at $1,482,000 after buying an additional 2,562 shares in the last quarter. Harrison Street Private Wealth LLC increased its holdings in TC Energy by 6.0% in the third quarter. Harrison Street Private Wealth LLC now owns 49,590 shares of the pipeline company’s stock valued at $2,878,000 after buying an additional 2,800 shares in the last quarter. Finally, apricus wealth LLC raised its position in shares of TC Energy by 8.0% in the third quarter. apricus wealth LLC now owns 35,138 shares of the pipeline company’s stock worth $2,030,000 after acquiring an additional 2,610 shares during the period. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Price Performance

Shares of NYSE TRP opened at $61.95 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.54 and a current ratio of 0.61. The firm has a fifty day moving average of $61.34 and a 200 day moving average of $63.84. The firm has a market cap of $61.95 billion, a PE ratio of 23.03 and a beta of 0.64. TC Energy Corporation has a one year low of $50.72 and a one year high of $71.47.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, November 5th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. TC Energy had a net margin of 25.05% and a return on equity of 11.68%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm posted $0.77 earnings per share. As a group, research analysts predict that TC Energy Corporation will post 2.81 EPS for the current fiscal year.

TC Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be given a dividend of C$0.88 per share. This represents a $3.51 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, December 31st. TC Energy’s dividend payout ratio is 104.98%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD raised shares of TC Energy to a “buy” rating in a research note on Tuesday, September 15th. Barclays restated an “overweight” rating on shares of TC Energy in a research report on Thursday, July 16th. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Wall Street Zen cut TC Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Scotiabank reiterated an “outperform” rating on shares of TC Energy in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.75.

Trending Headlines about TC Energy

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

• Positive Sentiment: Third-quarter EPS of $0.67 beat the $0.64 consensus, while revenue of $2.88 billion exceeded estimates of $2.79 billion. TC Energy Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: TC Energy raised its 2026 profit outlook, extended its outlook through 2031, and announced about C$3 billion in new pipeline growth projects. Stronger guidance and planned investment may support future earnings growth. TC Energy raises 2026 profit outlook and announces projects
• Positive Sentiment: The company declared a quarterly dividend of C$0.88 per share, equivalent to an indicated annualized yield of about 5.6%, which may appeal to income-focused investors.
• Positive Sentiment: Management plans to unveil a further NGTL expansion proposal in December, adding a potential source of future pipeline investment and growth. TC Energy to unveil NGTL expansion plan
• Neutral Sentiment: Despite the favorable earnings and outlook news, TRP was lower in the supplied trading snapshot. The provided coverage does not point to a clear company-specific negative headline explaining the decline.

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas and liquids pipelines, natural gas storage facilities, and power-generation assets. Its services help transport and store energy for producers, utilities, businesses, and consumers.

The company’s pipeline network spans Canada, the United States, and Mexico. Its power-generation portfolio includes an interest in Bruce Power, which operates a nuclear generating station in Ontario.

Founded as TransCanada Corporation, the company adopted the TC Energy name in 2019.