TC Energy Corporation $TRP Position Lifted by Aviso Financial Inc.

Aviso Financial Inc. grew its stake in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,081 shares of the pipeline company’s stock after acquiring an additional 1,084 shares during the period. Aviso Financial Inc.’s holdings in TC Energy were worth $12,158,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in TC Energy by 2,565.1% in the first quarter. Goldman Sachs Group Inc. now owns 16,306,187 shares of the pipeline company’s stock worth $769,815,000 after purchasing an additional 15,694,336 shares in the last quarter. Bank of Nova Scotia raised its stake in TC Energy by 80.3% during the first quarter. Bank of Nova Scotia now owns 16,983,443 shares of the pipeline company’s stock valued at $802,164,000 after buying an additional 7,562,887 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in TC Energy by 34.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 19,808,558 shares of the pipeline company’s stock worth $935,627,000 after buying an additional 5,053,228 shares during the last quarter. Deutsche Bank AG grew its position in shares of TC Energy by 175.1% in the 1st quarter. Deutsche Bank AG now owns 5,758,203 shares of the pipeline company’s stock worth $271,845,000 after acquiring an additional 3,664,862 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of TC Energy by 31.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,418,858 shares of the pipeline company’s stock valued at $444,885,000 after acquiring an additional 2,242,918 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Stock Down 0.5%

Shares of TC Energy stock opened at $53.70 on Tuesday. The business’s fifty day moving average price is $52.67 and its two-hundred day moving average price is $50.63. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.61 and a quick ratio of 0.54. The company has a market capitalization of $55.88 billion, a P/E ratio of 18.33, a PEG ratio of 4.82 and a beta of 0.73. TC Energy Corporation has a 1-year low of $43.51 and a 1-year high of $55.37.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $2.63 billion. TC Energy had a return on equity of 11.22% and a net margin of 28.98%.During the same period last year, the company earned $1.03 earnings per share. As a group, research analysts forecast that TC Energy Corporation will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.85 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.3%. TC Energy’s payout ratio is presently 103.88%.

Analysts Set New Price Targets

TRP has been the topic of several research analyst reports. Wall Street Zen cut TC Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Cibc Captl Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Scotiabank reaffirmed an “outperform” rating on shares of TC Energy in a report on Monday, October 20th. BMO Capital Markets raised shares of TC Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, November 7th. Finally, Cibc World Mkts cut shares of TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and an average target price of $84.00.

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.