XTX Topco Ltd Has $1.84 Million Holdings in TC Energy Co. (NYSE:TRP)

XTX Topco Ltd boosted its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 253.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,608 shares of the pipeline company’s stock after purchasing an additional 34,870 shares during the quarter. XTX Topco Ltd’s holdings in TC Energy were worth $1,842,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC raised its holdings in shares of TC Energy by 1.6% during the 2nd quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock worth $621,000 after buying an additional 261 shares in the last quarter. New Hampshire Trust grew its position in TC Energy by 3.8% in the first quarter. New Hampshire Trust now owns 7,263 shares of the pipeline company’s stock valued at $292,000 after acquiring an additional 269 shares during the last quarter. Financial Advocates Investment Management raised its stake in TC Energy by 5.4% during the fourth quarter. Financial Advocates Investment Management now owns 6,121 shares of the pipeline company’s stock worth $240,000 after acquiring an additional 316 shares in the last quarter. Windsor Advisory Group LLC lifted its holdings in shares of TC Energy by 2.5% in the first quarter. Windsor Advisory Group LLC now owns 12,831 shares of the pipeline company’s stock worth $516,000 after acquiring an additional 316 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of TC Energy by 2.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 15,005 shares of the pipeline company’s stock valued at $604,000 after purchasing an additional 332 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

TRP has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of TC Energy in a research report on Thursday. They set a “hold” rating for the company. Barclays raised shares of TC Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.50.

TC Energy Stock Performance

TC Energy stock opened at $45.01 on Friday. The business has a 50 day moving average of $43.88 and a 200-day moving average of $40.32. The company has a market capitalization of $45.01 billion, a P/E ratio of 23.20, a P/E/G ratio of 3.81 and a beta of 0.81. TC Energy Co. has a 1 year low of $32.51 and a 1 year high of $47.38. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.76 and a quick ratio of 0.68.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Thursday, August 1st. The pipeline company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.29. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.78 billion. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. During the same period in the prior year, the company posted $0.71 EPS. On average, equities research analysts predict that TC Energy Co. will post 3.06 earnings per share for the current year.

TC Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a dividend of $0.702 per share. The ex-dividend date is Friday, September 27th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 6.24%. TC Energy’s dividend payout ratio (DPR) is 146.39%.

TC Energy 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.