428,692 Shares in TC Energy Co. (NYSE:TRP) Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. bought a new position in TC Energy Co. (NYSE:TRP) (TSE:TRP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 428,692 shares of the pipeline company’s stock, valued at approximately $19,969,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in TC Energy by 6.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,175,940 shares of the pipeline company’s stock valued at $333,993,000 after buying an additional 405,965 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in TC Energy by 9.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,564 shares of the pipeline company’s stock valued at $445,000 after buying an additional 829 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in TC Energy by 51.4% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 4,842,255 shares of the pipeline company’s stock valued at $225,310,000 after buying an additional 1,644,115 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in TC Energy by 5.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,177 shares of the pipeline company’s stock valued at $474,000 after buying an additional 526 shares during the last quarter. Finally, Natural Investments LLC purchased a new stake in TC Energy in the 4th quarter valued at about $290,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on TRP shares. BMO Capital Markets increased 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. TD Securities began coverage on shares of TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered shares of TC Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

TC Energy Stock Up 0.7 %

TRP opened at $46.60 on Thursday. The company has a 50 day moving average of $46.27 and a 200 day moving average of $46.77. The company has a market cap of $48.43 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83. TC Energy Co. has a 12 month low of $34.95 and a 12 month high of $50.37. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.51 by $0.54. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same period last year, the firm earned $1.35 EPS. On average, sell-side analysts expect that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.85 dividend. The ex-dividend date is Monday, March 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 7.30%. TC Energy’s dividend payout ratio (DPR) is 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.