State of Wyoming Has $477,000 Holdings in TC Energy Co. (NYSE:TRP)

State of Wyoming grew its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 126.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,250 shares of the pipeline company's stock after purchasing an additional 5,730 shares during the period. State of Wyoming's holdings in TC Energy were worth $477,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TRP. Barclays PLC lifted its position in TC Energy by 19.9% during the 3rd quarter. Barclays PLC now owns 528,528 shares of the pipeline company's stock worth $25,132,000 after buying an additional 87,885 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in TC Energy by 3.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 33,445 shares of the pipeline company's stock worth $1,558,000 after buying an additional 1,133 shares in the last quarter. Park Avenue Securities LLC lifted its position in TC Energy by 144.5% during the 4th quarter. Park Avenue Securities LLC now owns 18,275 shares of the pipeline company's stock worth $851,000 after buying an additional 10,802 shares in the last quarter. Ritholtz Wealth Management lifted its position in TC Energy by 44.8% during the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company's stock worth $1,115,000 after buying an additional 7,412 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in TC Energy during the 4th quarter worth about $270,000. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Trading Up 1.9%

Shares of TRP stock traded up $0.95 on Friday, reaching $50.46. The company had a trading volume of 1,290,935 shares, compared to its average volume of 2,510,216. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. The stock has a market cap of $52.46 billion, a PE ratio of 15.57, a PEG ratio of 4.34 and a beta of 0.78. The company has a 50-day moving average of $48.70 and a 200-day moving average of $47.57. TC Energy Co. has a 12 month low of $37.07 and a 12 month high of $51.34.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.57 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same period last year, the company earned $1.02 earnings per share. On average, equities analysts forecast that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.6142 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.87%. TC Energy's dividend payout ratio (DPR) is presently 77.89%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Royal Bank of Canada upped 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. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Wall Street Zen downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.