Nomura Holdings Inc. Buys New Stake in TC Energy Co. (NYSE:TRP)

Nomura Holdings Inc. bought a new position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,743 shares of the pipeline company's stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in TC Energy during the fourth quarter worth $31,000. Synergy Investment Management LLC acquired a new position in shares of TC Energy during the 4th quarter worth approximately $36,000. Millstone Evans Group LLC purchased a new position in shares of TC Energy during the 4th quarter valued at approximately $41,000. First Command Advisory Services Inc. acquired a new stake in TC Energy in the 4th quarter valued at $46,000. Finally, UMB Bank n.a. purchased a new stake in TC Energy in the 4th quarter worth $47,000. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Trading Down 0.3%

Shares of TRP traded down $0.18 during midday trading on Wednesday, hitting $49.92. 188,185 shares of the stock were exchanged, compared to its average volume of 2,263,570. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The firm has a market cap of $51.89 billion, a P/E ratio of 15.43, a P/E/G ratio of 4.34 and a beta of 0.78. TC Energy Co. has a 52-week low of $33.76 and a 52-week high of $51.34. The stock has a fifty day simple moving average of $48.76 and a 200 day simple moving average of $47.59.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results 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 business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company posted $1.02 EPS. On average, research analysts anticipate that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.6142 per share. The ex-dividend date is Monday, June 30th. This represents a $2.46 annualized dividend and a yield of 4.92%. TC Energy's dividend payout ratio (DPR) is 77.89%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TRP. Cibc World Mkts raised TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Citigroup started coverage on TC Energy in a research report on Friday, April 4th. They issued a "neutral" rating for the company. Wall Street Zen cut TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Finally, Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

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.