TC Energy Co. (NYSE:TRP) Stock Holdings Boosted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 1,273.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 369,221 shares of the pipeline company’s stock after purchasing an additional 342,332 shares during the quarter. TC Energy comprises 0.9% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 22nd largest holding. Hillsdale Investment Management Inc.’s holdings in TC Energy were worth $17,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TRP. Natixis Advisors LLC lifted its position in shares of TC Energy by 10.9% during the 3rd quarter. Natixis Advisors LLC now owns 49,438 shares of the pipeline company’s stock valued at $2,351,000 after acquiring an additional 4,877 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of TC Energy during the 3rd quarter valued at $236,000. Prospera Financial Services Inc lifted its position in shares of TC Energy by 4.8% during the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company’s stock valued at $274,000 after acquiring an additional 262 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of TC Energy during the 3rd quarter valued at $24,808,000. Finally, First Horizon Advisors Inc. lifted its position in shares of TC Energy by 8.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company’s stock valued at $167,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com lowered TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. TD Securities initiated coverage on TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Royal Bank of Canada raised their price target on TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Finally, Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

TC Energy Stock Down 1.5 %

Shares of TRP opened at $48.45 on Friday. The stock has a market cap of $50.34 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 4.34 and a beta of 0.83. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy Co. has a 12 month low of $34.95 and a 12 month high of $50.37. The company has a 50-day moving average price of $46.33 and a two-hundred day moving average price of $46.87.

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

TC Energy Increases Dividend

The firm also recently declared 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 boost from TC Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a yield of 7.02%. TC Energy’s dividend payout ratio (DPR) is currently 72.53%.

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.