Natural Investments LLC Purchases New Shares in TC Energy Co. (NYSE:TRP)

Natural Investments LLC acquired a new position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,250 shares of the pipeline company’s stock, valued at approximately $290,000.

Several other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TC Energy by 4.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 330,329 shares of the pipeline company’s stock worth $15,386,000 after buying an additional 14,902 shares in the last quarter. Amundi lifted its position in shares of TC Energy by 2.1% during the 4th quarter. Amundi now owns 3,937,675 shares of the pipeline company’s stock valued at $188,181,000 after acquiring an additional 81,413 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in shares of TC Energy by 4.1% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 9,554 shares of the pipeline company’s stock worth $445,000 after purchasing an additional 379 shares in the last quarter. EFG Asset Management Americas Corp. increased its position in shares of TC Energy by 2.8% in the fourth quarter. EFG Asset Management Americas Corp. now owns 24,688 shares of the pipeline company’s stock worth $1,149,000 after purchasing an additional 676 shares during the period. Finally, Candriam S.C.A. raised its stake in TC Energy by 16.6% in the fourth quarter. Candriam S.C.A. now owns 9,088 shares of the pipeline company’s stock valued at $423,000 after purchasing an additional 1,295 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

Wall Street Analyst Weigh In

TRP has been the topic of a number of analyst reports. TD Securities assumed coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. StockNews.com downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. 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 report on Tuesday, February 18th. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Finally, US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and an average price target of $62.00.

TC Energy Trading Up 0.7 %

Shares of TRP stock opened at $46.60 on Thursday. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $48.43 billion, a P/E ratio of 14.38, a P/E/G ratio of 4.34 and a beta of 0.83. TC Energy Co. has a twelve month low of $34.95 and a twelve month high of $50.37. The stock’s fifty day simple moving average is $46.27 and its 200 day simple moving average is $46.77.

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

TC Energy Increases Dividend

The business 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. This represents a $3.40 dividend on an annualized basis and a yield of 7.30%. This is an increase from TC Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. TC Energy’s dividend payout ratio is presently 72.53%.

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.