MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 156,944 Shares of TC Energy Co. (NYSE:TRP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,460,562 shares of the pipeline company's stock after acquiring an additional 156,944 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.33% of TC Energy worth $161,020,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in TC Energy in the 4th quarter worth $31,000. Synergy Investment Management LLC bought a new position in TC Energy during the fourth quarter worth $36,000. Millstone Evans Group LLC bought a new position in TC Energy during the fourth quarter worth $41,000. First Command Advisory Services Inc. bought a new stake in shares of TC Energy in the fourth quarter valued at about $46,000. Finally, Rogco LP lifted its stake in shares of TC Energy by 100.0% in the fourth quarter. Rogco LP now owns 1,000 shares of the pipeline company's stock valued at $47,000 after buying an additional 500 shares during the period. Institutional investors own 83.13% of the company's stock.

TC Energy Stock Up 0.7%

Shares of NYSE TRP opened at $49.35 on Monday. The stock has a market cap of $51.31 billion, a PE ratio of 15.23, a PEG ratio of 4.34 and a beta of 0.78. The business has a fifty day moving average of $48.12 and a two-hundred day moving average of $47.40. TC Energy Co. has a 52-week low of $37.07 and a 52-week high of $51.34. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share 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 firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company posted $1.02 earnings per share. As a group, equities research analysts expect that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.6142 dividend. This represents a $2.46 annualized dividend and a yield of 4.98%. The ex-dividend date is Monday, June 30th. TC Energy's dividend payout ratio (DPR) is presently 77.89%.

Analysts Set New Price Targets

Several research firms recently weighed in on TRP. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. StockNews.com cut TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. CIBC upgraded TC Energy from a "neutral" rating to a "sector outperform" rating in a research report on Friday, May 2nd. Citigroup started coverage on shares of TC Energy in a report on Friday, April 4th. They set a "neutral" rating for the company. Finally, Royal Bank of Canada raised their price objective on shares of TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.

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