7,038 Shares in TC Energy Co. (NYSE:TRP) Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC acquired a new position in TC Energy Co. (NYSE:TRP) (TSE:TRP) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,038 shares of the pipeline company’s stock, valued at approximately $274,000.

A number of other hedge funds also recently added to or reduced their stakes in TRP. Parallel Advisors LLC lifted its stake in TC Energy by 104.6% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 320 shares during the period. CoreCap Advisors LLC bought a new position in TC Energy in the fourth quarter worth about $30,000. GPS Wealth Strategies Group LLC bought a new position in TC Energy in the first quarter worth about $37,000. Money Concepts Capital Corp raised its holdings in TC Energy by 149.1% in the fourth quarter. Money Concepts Capital Corp now owns 949 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 568 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in TC Energy by 152.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,028 shares of the pipeline company’s stock worth $40,000 after purchasing an additional 620 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

TC Energy Price Performance

Shares of NYSE:TRP opened at $36.13 on Friday. TC Energy Co. has a twelve month low of $33.02 and a twelve month high of $51.18. The company’s 50 day moving average is $37.51 and its 200 day moving average is $39.45. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The company has a market cap of $37.48 billion, a PE ratio of 50.18, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, July 27th. The pipeline company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). TC Energy had a return on equity of 13.80% and a net margin of 6.89%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.74 billion. On average, sell-side analysts forecast that TC Energy Co. will post 3.19 EPS for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.702 dividend. This represents a $2.81 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from TC Energy’s previous quarterly dividend of $0.69. TC Energy’s dividend payout ratio is currently 388.89%.

Analyst Ratings Changes

TRP has been the subject of a number of recent research reports. TD Securities downgraded shares of TC Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $62.00 to $50.00 in a report on Friday, July 28th. Scotiabank reduced their target price on shares of TC Energy from $64.00 to $55.00 and set an “outperform” rating for the company in a report on Monday, July 31st. BMO Capital Markets downgraded shares of TC Energy from an “outperform” rating to a “market perform” rating in a report on Friday, July 28th. StockNews.com started coverage on shares of TC Energy in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, National Bank Financial upgraded shares of TC Energy from a “sector perform” rating to an “outperform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and an average price target of $58.06.

TC Energy Company 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 93,700 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.