TC Energy Corporation (NYSE:TRP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,840,833 shares of the pipeline company's stock after selling 11,109 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.27% of TC Energy worth $134,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. ASR Vermogensbeheer N.V. bought a new position in TC Energy during the first quarter valued at $2,693,000. Vanguard Group Inc. grew its holdings in shares of TC Energy by 1.6% in the first quarter. Vanguard Group Inc. now owns 44,397,978 shares of the pipeline company's stock worth $2,096,739,000 after purchasing an additional 710,837 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of TC Energy by 3.8% in the first quarter. Westwood Holdings Group Inc. now owns 2,012,524 shares of the pipeline company's stock worth $95,011,000 after purchasing an additional 73,079 shares during the last quarter. Finally, Argent Trust Co grew its holdings in shares of TC Energy by 6.0% in the first quarter. Argent Trust Co now owns 20,077 shares of the pipeline company's stock worth $948,000 after purchasing an additional 1,140 shares during the last quarter. Institutional investors own 83.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRP. CIBC upgraded shares of TC Energy from a "neutral" rating to a "sector outperform" rating in a report on Friday, May 2nd. Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Barclays restated an "overweight" rating on shares of TC Energy in a report on Thursday. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Stock Up 0.5%

NYSE:TRP traded up $0.24 during mid-day trading on Thursday, reaching $51.27. The company's stock had a trading volume of 890,575 shares, compared to its average volume of 2,357,675. TC Energy Corporation has a 1 year low of $39.73 and a 1 year high of $51.99. The stock has a fifty day moving average of $48.40 and a 200-day moving average of $48.01. The firm has a market capitalization of $53.31 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 4.81 and a beta of 0.75. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.54.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Thursday, July 31st. The pipeline company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.03. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $2.56 billion. TC Energy had a net margin of 28.98% and a return on equity of 11.22%. During the same period in the previous year, the company posted $0.79 earnings per share. Equities research analysts forecast that TC Energy Corporation will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be issued a $0.6148 dividend. This is a boost from TC Energy's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, September 29th. TC Energy's dividend payout ratio is presently 85.32%.

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.