Intact Investment Management Inc. Sells 99,549 Shares of TC Energy Corporation $TRP

Intact Investment Management Inc. trimmed its stake in TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 477,305 shares of the pipeline company's stock after selling 99,549 shares during the period. Intact Investment Management Inc.'s holdings in TC Energy were worth $26,282,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Amplify Investments LLC grew its position in TC Energy by 21.4% in the fourth quarter. Amplify Investments LLC now owns 3,774 shares of the pipeline company's stock valued at $192,000 after acquiring an additional 666 shares during the period. D.A. Davidson & CO. grew its position in TC Energy by 35.0% in the fourth quarter. D.A. Davidson & CO. now owns 13,062 shares of the pipeline company's stock valued at $719,000 after acquiring an additional 3,385 shares during the period. Camelot Portfolios LLC acquired a new position in TC Energy in the fourth quarter worth $60,000. Kestra Private Wealth Services LLC boosted its stake in TC Energy by 5.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 15,953 shares of the pipeline company's stock worth $878,000 after purchasing an additional 772 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in TC Energy by 3.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 402,243 shares of the pipeline company's stock worth $22,179,000 after purchasing an additional 14,545 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

TC Energy Price Performance

TC Energy stock opened at $66.62 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.56 and a current ratio of 0.63. The firm has a market cap of $69.40 billion, a P/E ratio of 28.91 and a beta of 0.67. The business's fifty day moving average is $63.11 and its two-hundred day moving average is $57.83. TC Energy Corporation has a 52 week low of $46.29 and a 52 week high of $67.31.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. TC Energy had a return on equity of 10.77% and a net margin of 22.22%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Equities research analysts forecast that TC Energy Corporation will post 2.76 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 30th. TC Energy's dividend payout ratio is 109.57%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TRP shares. BMO Capital Markets reissued an "outperform" rating on shares of TC Energy in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised TC Energy from a "neutral" rating to a "sector outperform" rating in a research note on Thursday, April 23rd. Barclays reissued an "overweight" rating on shares of TC Energy in a research note on Friday, February 20th. Weiss Ratings raised TC Energy from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their price objective on TC Energy from $84.00 to $92.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Trending Headlines about TC Energy

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

• Positive Sentiment: Q1 results beat estimates and operations described as strong—TC Energy reported quarterly earnings above consensus and highlighted strong U.S. and Canada operations, plus seven delivery records across North America; the company also approved a US$1.5 billion Columbia Gas expansion project that could support future volume and revenue growth. Press Release
• Positive Sentiment: Multiple outlets confirm the beat—third-party coverage (Zacks, Reuters, Globe and Mail) notes EPS topped consensus and attributes the outperformance to robust North American operations, reinforcing the credibility of the beat. Zacks: Q1 Earnings
• Neutral Sentiment: Management released supplemental materials and hosted a conference call and slide deck — useful for investors who want detail on guidance, segment performance and capital allocation. Slide Deck / Press Release
• Negative Sentiment: Analyst downgrades/estimate cuts — US Capital Advisors lowered EPS forecasts for several quarters and trimmed FY2026/FY2027 numbers, which could weigh on near-term expectations and multiple expansion. (reported April 27)
• Negative Sentiment: Unusual options activity — a spike in put buying (large increase vs typical volume) suggests some investors are hedging or expressing bearish sentiment ahead of/after the report, potentially increasing short-term downside pressure.

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.

Want to see what other hedge funds are holding TRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.