TC Energy Co. (NYSE:TRP) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in TC Energy Co. (NYSE:TRPFree Report) (TSE:TRP) by 58.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,680 shares of the pipeline company’s stock after acquiring an additional 77,040 shares during the quarter. American Century Companies Inc.’s holdings in TC Energy were worth $7,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Money Concepts Capital Corp grew its stake in shares of TC Energy by 149.1% during the 4th quarter. Money Concepts Capital Corp now owns 949 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 568 shares during the period. Chilton Capital Management LLC acquired a new stake in TC Energy in the first quarter valued at approximately $41,000. Hexagon Capital Partners LLC grew its holdings in TC Energy by 158.3% in the third quarter. Hexagon Capital Partners LLC now owns 1,085 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 665 shares during the period. ICA Group Wealth Management LLC acquired a new stake in TC Energy in the fourth quarter valued at approximately $47,000. Finally, Peoples Bank KS acquired a new stake in TC Energy in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TRP shares. Jefferies Financial Group started coverage on TC Energy in a report on Tuesday, February 27th. They issued a “hold” rating on the stock. TheStreet upgraded shares of TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Barclays boosted their price target on shares of TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Stifel Nicolaus began coverage on shares of TC Energy in a research report on Thursday, January 18th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of TC Energy from $29.00 to $32.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.83.

Get Our Latest Research Report on TC Energy

TC Energy Trading Up 0.2 %

NYSE:TRP opened at $40.50 on Tuesday. The firm has a market cap of $40.50 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 3.38 and a beta of 0.75. The stock has a fifty day moving average price of $39.37 and a 200 day moving average price of $37.71. TC Energy Co. has a 12-month low of $32.51 and a 12-month high of $42.76. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 1.65.

TC Energy (NYSE:TRPGet Free Report) (TSE:TRP) last released its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. Sell-side analysts anticipate that TC Energy Co. will post 2.99 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.714 per share. This represents a $2.86 annualized dividend and a dividend yield of 7.05%. The ex-dividend date is Wednesday, March 27th. This is an increase from TC Energy’s previous quarterly dividend of $0.67. TC Energy’s payout ratio is currently 138.42%.

TC Energy Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TC Energy Co. (NYSE:TRPFree Report) (TSE:TRP).

Institutional Ownership by Quarter for TC Energy (NYSE:TRP)

Receive News & Ratings for TC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TC Energy and related companies with MarketBeat.com's FREE daily email newsletter.