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

TD Waterhouse Canada Inc. grew its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,415,137 shares of the pipeline company’s stock after purchasing an additional 66,931 shares during the quarter. TC Energy makes up approximately 1.7% of TD Waterhouse Canada Inc.’s holdings, making the stock its 13th biggest holding. TD Waterhouse Canada Inc.’s holdings in TC Energy were worth $205,043,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRP. SBI Securities Co. Ltd. bought a new stake in TC Energy in the fourth quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in shares of TC Energy in the 4th quarter valued at about $33,000. Synergy Investment Management LLC acquired a new stake in TC Energy during the fourth quarter worth about $36,000. Millstone Evans Group LLC acquired a new stake in TC Energy in the fourth quarter worth $41,000. Finally, First Command Advisory Services Inc. bought a new stake in TC Energy in the 4th quarter valued at about $46,000. Institutional investors own 83.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TRP shares. TD Securities assumed coverage on shares of TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Royal Bank of Canada raised their target price on TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Citigroup began coverage on TC Energy in a research report on Friday, April 4th. They set a “neutral” rating for the company. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, three 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 company presently has an average rating of “Moderate Buy” and an average price target of $62.00.

TC Energy Trading Up 1.1 %

Shares of TRP stock opened at $49.44 on Monday. The stock has a 50-day simple moving average of $46.78 and a 200 day simple moving average of $47.03. The stock has a market capitalization of $51.39 billion, a P/E ratio of 15.26, a P/E/G ratio of 4.34 and a beta of 0.74. TC Energy Co. has a fifty-two week low of $35.38 and a fifty-two week high of $50.37. 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 (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates 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 firm posted $1.35 EPS. On average, sell-side analysts expect that TC Energy Co. will post 2.63 earnings per share 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 given a $0.85 dividend. This is a positive change 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 payout ratio is 72.84%.

TC Energy Company 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.