Capital World Investors Acquires 6,097 Shares of TC Energy Co. (NYSE:TRP)

Capital World Investors boosted its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,190,119 shares of the pipeline company's stock after buying an additional 6,097 shares during the quarter. Capital World Investors owned 0.98% of TC Energy worth $474,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in TC Energy during the fourth quarter valued at $31,000. Versant Capital Management Inc bought a new stake in shares of TC Energy during the 4th quarter valued at about $33,000. Synergy Investment Management LLC purchased a new stake in shares of TC Energy during the 4th quarter valued at about $36,000. Millstone Evans Group LLC bought a new position in shares of TC Energy in the 4th quarter worth approximately $41,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of TC Energy in the fourth quarter worth approximately $46,000. Institutional investors own 83.13% of the company's stock.

TC Energy Trading Down 0.2 %

TRP traded down $0.08 on Friday, hitting $49.42. The company had a trading volume of 4,709,567 shares, compared to its average volume of 2,581,027. The business's fifty day simple moving average is $46.97 and its 200 day simple moving average is $47.12. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy Co. has a 12-month low of $35.38 and a 12-month high of $50.37. The company has a market cap of $51.38 billion, a PE ratio of 15.27, a PEG ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter in the previous year, the business earned $1.35 EPS. Equities research analysts expect that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.85 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 6.88%. This is an increase from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio is currently 72.84%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Citigroup began coverage on TC Energy in a research report on Friday, April 4th. They set a "neutral" rating on the stock. TD Securities started coverage on TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

About TC Energy

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.