52,453 Shares in TC Energy Co. (NYSE:TRP) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) in the 4th quarter, Holdings Channel.com reports. The firm bought 52,453 shares of the pipeline company’s stock, valued at approximately $2,050,000.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of TC Energy during the fourth quarter worth about $26,000. Money Concepts Capital Corp grew its position in shares of TC Energy by 149.1% during 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. Chilton Capital Management LLC purchased a new stake in shares of TC Energy during the first quarter worth about $41,000. Hexagon Capital Partners LLC grew its position in shares of TC Energy by 158.3% during the third quarter. Hexagon Capital Partners LLC now owns 1,085 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 665 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of TC Energy during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

TC Energy Price Performance

NYSE:TRP opened at $35.68 on Friday. The firm has a market capitalization of $35.68 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.94 and a beta of 0.75. TC Energy Co. has a 1 year low of $32.51 and a 1 year high of $42.49. The business has a 50 day simple moving average of $39.06 and a 200-day simple moving average of $37.95. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.96 and a quick ratio of 0.88.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.20. TC Energy had a return on equity of 18.60% and a net margin of 18.25%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.93 billion. Equities analysts forecast that TC Energy Co. will post 2.98 EPS for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.714 dividend. This represents a $2.86 annualized dividend and a dividend yield of 8.00%. This is an increase from TC Energy’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, March 27th. TC Energy’s dividend payout ratio is presently 139.41%.

Analysts Set New Price Targets

TRP has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on TC Energy in a research note on Tuesday, February 27th. They set a “hold” rating for the company. The Goldman Sachs Group increased their price target on TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Stifel Nicolaus initiated coverage on TC Energy in a research note on Thursday, January 18th. They set a “buy” rating for the company. Barclays increased their price target on TC Energy from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, TheStreet raised TC Energy from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TC Energy presently has an average rating of “Hold” and an average price target of $48.83.

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 93,600 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.