455,479 Shares in TC Energy Corporation $TRP Purchased by Korea Investment CORP

Key Points

• Korea Investment CORP acquired 455,479 TC Energy shares during the second quarter, worth approximately $30.2 million. Institutional investors collectively own 83.13% of the company.
• TC Energy reported quarterly EPS of $0.68, beating estimates of $0.61, while revenue reached $2.80 billion. The company also declared a quarterly dividend of $0.8775, representing a 5.7% annualized yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $89, although some longer-term earnings forecasts were reduced.

Korea Investment CORP bought a new stake in shares of TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 455,479 shares of the pipeline company's stock, valued at approximately $30,152,000.

Several other large investors have also recently made changes to their positions in TRP. GQG Partners LLC boosted its position in shares of TC Energy by 586.5% in the 4th quarter. GQG Partners LLC now owns 16,154,469 shares of the pipeline company's stock worth $890,711,000 after purchasing an additional 13,801,371 shares in the last quarter. Norges Bank bought a new position in TC Energy during the 4th quarter valued at approximately $583,732,000. Deutsche Bank AG increased its position in TC Energy by 63.2% during the 4th quarter. Deutsche Bank AG now owns 15,384,255 shares of the pipeline company's stock valued at $846,288,000 after buying an additional 5,956,263 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in TC Energy during the second quarter valued at $273,917,000. Finally, Kayne Anderson Capital Advisors LP purchased a new position in TC Energy during the second quarter valued at $260,024,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

TC Energy Price Performance

Shares of NYSE TRP opened at $62.04 on Friday. The firm has a market cap of $64.64 billion, a P/E ratio of 25.74 and a beta of 0.66. TC Energy Corporation has a twelve month low of $49.27 and a twelve month high of $71.47. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64. The company has a 50 day moving average of $66.95 and a 200 day moving average of $65.24.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its earnings results on Thursday, July 30th. The pipeline company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. TC Energy had a return on equity of 11.10% and a net margin of 22.91%.During the same period last year, the business posted $0.82 EPS. As a group, research analysts expect that TC Energy Corporation will post 2.78 EPS for the current fiscal year.

TC Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, September 29th. TC Energy's dividend payout ratio (DPR) is presently 102.49%.

Wall Street Analyst Weigh In

TRP has been the topic of several analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of TC Energy in a report on Friday, July 31st. Royal Bank Of Canada raised their price target on TC Energy from $104.00 to $106.00 and gave the company an "outperform" rating in a report on Friday, July 31st. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday. TD Securities reiterated a "hold" rating on shares of TC Energy in a research note on Thursday, July 16th. Finally, Morgan Stanley downgraded shares of TC Energy from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.

More TC Energy News

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

• Positive Sentiment: US Capital Advisors upgraded TC Energy to “Moderate Buy” from “Hold,” providing a more constructive view of the pipeline operator’s shares. Zacks.com
• Positive Sentiment: Scotiabank raised its earnings forecasts and maintained an “Outperform” rating, increasing its FY2026 EPS estimate to $2.76 from $2.69 and its FY2027 estimate to $2.89 from $2.83. The revisions suggest expectations for stronger earnings growth than previously projected. TC Energy analyst estimates
• Positive Sentiment: US Capital Advisors raised its FY2026 EPS forecast to $2.80 from $2.63, while lifting estimates for the third and fourth quarters of 2026 to $0.64 and $0.77, respectively. These forecasts are above the firm’s earlier estimates and broadly support the current-year earnings outlook. TC Energy 2026 earnings estimates
• Neutral Sentiment: The analyst views are mixed: current-year EPS expectations range around $2.75 to $2.80, while US Capital Advisors forecasts FY2027 EPS of $2.69 and FY2028 EPS of $2.81. Investors may remain cautious until the outlook becomes more consistent across firms.
• Negative Sentiment: US Capital Advisors reduced nearly all of its 2027 and 2028 forecasts: FY2027 EPS fell to $2.69 from $2.76, FY2028 EPS to $2.81 from $2.83, and estimates for the first three quarters of 2027 were also trimmed. The cuts imply softer longer-term earnings momentum and are likely weighing on sentiment. US Capital Advisors TC Energy estimates

TC Energy 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.

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