40,800 Shares in TC Energy Co. (NYSE:TRP) Bought by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. bought a new stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 40,800 shares of the pipeline company's stock, valued at approximately $1,900,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in TC Energy in the 4th quarter valued at about $31,000. Synergy Investment Management LLC acquired a new position in shares of TC Energy during the fourth quarter worth approximately $36,000. Millstone Evans Group LLC acquired a new position in shares of TC Energy during the fourth quarter worth approximately $41,000. First Command Advisory Services Inc. acquired a new stake in TC Energy in the 4th quarter valued at approximately $46,000. Finally, UMB Bank n.a. bought a new stake in TC Energy during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 83.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Cibc World Mkts raised shares of TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Royal Bank of Canada raised their price objective on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Stock Performance

TRP opened at $49.35 on Friday. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The firm has a market cap of $51.31 billion, a PE ratio of 15.23, a P/E/G ratio of 4.34 and a beta of 0.78. The business has a fifty day simple moving average of $48.12 and a 200-day simple moving average of $47.39. TC Energy Co. has a fifty-two week low of $37.07 and a fifty-two week high of $51.34.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.04). TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. As a group, equities analysts predict that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.6142 per share. This represents a $2.46 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Monday, June 30th. TC Energy's payout ratio is presently 77.89%.

TC Energy 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.

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