TC Energy Co. (NYSE:TRP) Position Boosted by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 10.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,438 shares of the pipeline company’s stock after purchasing an additional 4,877 shares during the quarter. Natixis Advisors LLC’s holdings in TC Energy were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TRP. Fortitude Family Office LLC purchased a new stake in TC Energy in the 3rd quarter worth approximately $28,000. Blue Trust Inc. raised its holdings in shares of TC Energy by 72.0% during the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 267 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in TC Energy during the second quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. boosted its position in TC Energy by 138.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 429 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in TC Energy in the second quarter valued at about $33,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Trading Down 0.8 %

TRP stock opened at $49.85 on Monday. The company has a market cap of $51.74 billion, a P/E ratio of 13.81, a PEG ratio of 4.22 and a beta of 0.81. TC Energy Co. has a twelve month low of $31.83 and a twelve month high of $50.37. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The business has a fifty day moving average of $47.22 and a 200-day moving average of $43.26.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. As a group, equities research analysts expect that TC Energy Co. will post 2.98 EPS for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.29 annualized dividend and a dividend yield of 6.60%. TC Energy’s payout ratio is 67.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TRP shares. JPMorgan Chase & Co. upgraded TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. StockNews.com assumed coverage on shares of TC Energy in a research note on Monday, November 18th. They set a “hold” rating on the stock. BMO Capital Markets lifted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Finally, Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.67.

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.