Jump Financial LLC Acquires Shares of 13,200 TC Energy Co. (NYSE:TRP)

Jump Financial LLC purchased a new stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 13,200 shares of the pipeline company's stock, valued at approximately $614,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of TC Energy during the 4th quarter valued at approximately $428,759,000. Mufg Securities Canada LTD. grew its holdings in TC Energy by 571.7% in the 4th quarter. Mufg Securities Canada LTD. now owns 6,184,832 shares of the pipeline company's stock valued at $288,043,000 after buying an additional 5,264,079 shares in the last quarter. FIL Ltd raised its holdings in shares of TC Energy by 10.3% during the 4th quarter. FIL Ltd now owns 28,443,403 shares of the pipeline company's stock worth $1,325,558,000 after acquiring an additional 2,644,627 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of TC Energy during the 4th quarter valued at about $102,405,000. Finally, Kayne Anderson Capital Advisors LP grew its holdings in shares of TC Energy by 51.4% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 4,842,255 shares of the pipeline company's stock valued at $225,310,000 after purchasing an additional 1,644,115 shares during the period. 83.13% of the stock is currently owned by institutional investors.

TC Energy Stock Up 0.1 %

TRP traded up $0.05 during trading hours on Tuesday, reaching $50.30. 233,998 shares of the stock traded hands, compared to its average volume of 2,571,012. The company has a market cap of $52.29 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 4.34 and a beta of 0.74. TC Energy Co. has a fifty-two week low of $35.38 and a fifty-two week high of $50.45. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. The firm's fifty day simple moving average is $47.12 and its two-hundred day simple moving average is $47.21.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. As a group, analysts forecast that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.85 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.76%. This is a positive change from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio is presently 72.84%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Securities initiated coverage on shares of TC Energy in a report on Wednesday, January 15th. They set a "buy" rating for the company. Veritas raised shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, StockNews.com cut TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $62.00.

TC Energy 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.