TC Energy Co. (NYSE:TRP) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its position in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 224,829 shares of the pipeline company’s stock after acquiring an additional 16,334 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in TC Energy were worth $10,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TRP. Addenda Capital Inc. raised its stake in TC Energy by 4.4% during the fourth quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company’s stock worth $48,135,000 after acquiring an additional 43,639 shares during the period. Captrust Financial Advisors lifted its holdings in shares of TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock worth $871,000 after purchasing an additional 242 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of TC Energy by 44.8% in the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company’s stock worth $1,115,000 after purchasing an additional 7,412 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in TC Energy during the 3rd quarter valued at approximately $3,771,000. Finally, Exchange Traded Concepts LLC grew its stake in TC Energy by 7.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,034,698 shares of the pipeline company’s stock worth $48,144,000 after buying an additional 71,955 shares during the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Price Performance

Shares of NYSE:TRP opened at $47.17 on Tuesday. The stock’s 50 day moving average price is $46.53 and its 200 day moving average price is $46.96. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. The stock has a market cap of $49.02 billion, a price-to-earnings ratio of 14.56, a PEG 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.

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

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 7.21%. TC Energy’s dividend payout ratio (DPR) is 72.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Royal Bank of Canada upped their target price on shares of TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. TD Securities assumed coverage on TC Energy in a report on Wednesday, January 15th. They set a “buy” rating on the stock. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Finally, Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. One research 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 company’s stock. Based on data from MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and an average target price of $62.00.

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.