5,080 Shares in TC Energy Co. (NYSE:TRP) Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC acquired a new position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,080 shares of the pipeline company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in TC Energy during the 4th quarter worth about $31,000. Versant Capital Management Inc purchased a new stake in TC Energy in the 4th quarter valued at about $33,000. Synergy Investment Management LLC purchased a new stake in TC Energy in the 4th quarter valued at about $36,000. Point72 DIFC Ltd purchased a new stake in TC Energy in the 3rd quarter valued at about $39,000. Finally, First Command Advisory Services Inc. purchased a new stake in TC Energy in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Royal Bank of Canada lifted their price target 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 report on Tuesday, February 18th. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. TD Securities began coverage on TC Energy in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, StockNews.com cut TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.00.

TC Energy Stock Down 1.5 %

Shares of NYSE:TRP opened at $48.45 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. TC Energy Co. has a 1 year low of $34.95 and a 1 year high of $50.37. The stock has a market capitalization of $50.34 billion, a P/E ratio of 14.95, a PEG ratio of 4.34 and a beta of 0.83. The stock has a 50-day simple moving average of $46.33 and a 200-day simple moving average of $46.87.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.54. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same quarter in the previous year, the business earned $1.35 EPS. Equities analysts forecast that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 7.02%. TC Energy’s payout ratio 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.