XTX Topco Ltd Has $741,000 Position in TC Energy Corporation (NYSE:TRP)

XTX Topco Ltd raised its holdings in TC Energy Corporation (NYSE:TRP - Free Report) TSE: TRP by 94.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,698 shares of the pipeline company's stock after purchasing an additional 7,609 shares during the quarter. XTX Topco Ltd's holdings in TC Energy were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BROOKFIELD Corp ON boosted its position in shares of TC Energy by 31.6% in the 4th quarter. BROOKFIELD Corp ON now owns 1,890,168 shares of the pipeline company's stock valued at $87,950,000 after purchasing an additional 454,011 shares during the period. Bank of New York Mellon Corp lifted its position in TC Energy by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 915,241 shares of the pipeline company's stock worth $43,209,000 after acquiring an additional 10,227 shares during the period. Farther Finance Advisors LLC lifted its position in TC Energy by 77.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,299 shares of the pipeline company's stock worth $110,000 after acquiring an additional 1,005 shares during the period. Wealthstar Advisors LLC acquired a new stake in TC Energy during the 1st quarter worth approximately $432,000. Finally, Golden State Wealth Management LLC lifted its position in TC Energy by 222.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,076 shares of the pipeline company's stock worth $51,000 after acquiring an additional 742 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TRP. Cibc World Mkts raised TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. CIBC raised TC Energy from a "neutral" rating to a "sector outperform" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, TC Energy presently has an average rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Stock Performance

Shares of NYSE TRP traded up $0.42 during midday trading on Tuesday, hitting $48.96. 1,922,267 shares of the company's stock were exchanged, compared to its average volume of 2,074,324. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.61 and a quick ratio of 0.54. The stock's 50 day moving average price is $48.51 and its 200-day moving average price is $47.89. The firm has a market cap of $50.91 billion, a P/E ratio of 16.71, a PEG ratio of 4.67 and a beta of 0.75. TC Energy Corporation has a twelve month low of $38.33 and a twelve month high of $51.99.

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

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be paid a $0.6148 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from TC Energy's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, September 29th. TC Energy's dividend payout ratio (DPR) is currently 85.32%.

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.