Envestnet Asset Management Inc. Trims Stock Position in TC Energy Corporation $TRP

Envestnet Asset Management Inc. cut its holdings in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,392,101 shares of the pipeline company’s stock after selling 13,804 shares during the period. Envestnet Asset Management Inc. owned 0.13% of TC Energy worth $75,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TRP. Westside Investment Management Inc. raised its stake in shares of TC Energy by 100.0% in the third quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock worth $32,000 after buying an additional 297 shares during the period. Harbor Asset Planning Inc. bought a new position in TC Energy in the 2nd quarter worth approximately $43,000. Sagard Holdings Management Inc. purchased a new stake in TC Energy during the 2nd quarter valued at approximately $46,000. SouthState Corp raised its position in shares of TC Energy by 2,757.1% during the second quarter. SouthState Corp now owns 1,000 shares of the pipeline company’s stock valued at $49,000 after buying an additional 965 shares during the last quarter. Finally, City Holding Co. bought a new stake in TC Energy in the 3rd quarter valued at $72,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TRP shares. BMO Capital Markets raised TC Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, November 7th. Canadian Imperial Bank of Commerce upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Scotiabank restated an “outperform” rating on shares of TC Energy in a research report on Monday, October 20th. TD Securities restated a “buy” rating on shares of TC Energy in a research report on Friday, October 17th. Finally, Wall Street Zen lowered TC Energy from a “hold” rating to a “sell” rating in a research report on Sunday, January 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, TC Energy has an average rating of “Buy” and an average price target of $84.00.

TC Energy Stock Down 0.2%

NYSE:TRP opened at $59.80 on Monday. The company has a 50-day moving average of $55.46 and a 200 day moving average of $53.09. TC Energy Corporation has a 1-year low of $43.59 and a 1-year high of $60.71. The firm has a market cap of $62.24 billion, a PE ratio of 25.78 and a beta of 0.73. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.63 and a quick ratio of 0.56.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 23.86% and a return on equity of 10.61%. During the same period last year, the company posted $1.03 earnings per share. As a group, research analysts anticipate that TC Energy Corporation will post 2.63 EPS for the current fiscal year.

Key Stories Impacting TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Momentum pickup: TRP’s Relative Strength (RS) rating rose to 82, a technical signal that can attract momentum buyers and support the share price. Stocks to watch: TC Energy sees RS rating rise to 82
• Positive Sentiment: Dividend appeal: A recent piece highlights TRP as a reliable Canadian dividend stock for choppy markets — reinforcing its defensive income story for yield-focused investors. The Canadian Dividend Stock I’d Trust if Markets Get Choppy
• Neutral Sentiment: Earnings event risk: TRP is scheduled to report quarterly results on Friday — a binary catalyst that could move the stock depending on guidance, cash flow and maintenance/capex commentary. TC Energy (TRP) to Release Quarterly Earnings on Friday
• Neutral Sentiment: Valuation question after gains: Coverage notes TRP has seen multi‑year share gains and asks whether some of that upside is already priced in — a cautionary but non-immediate valuation consideration for investors. Is TC Energy (TSX:TRP) Pricing In Too Much After Strong Multi‑Year Share Gains
• Neutral Sentiment: Analyst modeling context: US Capital Advisors published FY2026 estimates earlier this week, providing a baseline for expectations ahead of the print. US Capital Advisors Estimates TC Energy FY2026 Earnings
• Negative Sentiment: Analyst cuts: US Capital Advisors issued a reduction to its earnings estimates for TC Energy, which can lower buy-side targets and weigh on sentiment. US Capital Advisors Reduces Earnings Estimates for TC Energy
• Negative Sentiment: Earnings headwind flagged: Zacks highlights analysts expect a decline in EPS for the upcoming quarter and argues TRP lacks the usual setup for an earnings beat — increasing downside risk if results or guidance miss. Analysts Estimate TC Energy (TRP) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Bearish positioning: Unusually large put-option volume (16,157 puts, a ~1,446% jump vs. average) indicates investors are hedging or speculating on a near-term decline, which can amplify downside and volatility. Investors Buy Large Volume of Put Options on TC Energy (NYSE:TRP)

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.