55,000 Shares in TC Energy Co. (NYSE:TRP) Purchased by Timelo Investment Management Inc.

Timelo Investment Management Inc. bought a new position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,000 shares of the pipeline company's stock, valued at approximately $2,150,000. TC Energy makes up 1.9% of Timelo Investment Management Inc.'s portfolio, making the stock its 8th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of TRP. Norges Bank acquired a new position in shares of TC Energy in the 4th quarter worth approximately $519,894,000. National Bank of Canada FI lifted its holdings in TC Energy by 68.2% during the 3rd quarter. National Bank of Canada FI now owns 19,993,928 shares of the pipeline company's stock worth $668,801,000 after buying an additional 8,103,785 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in TC Energy by 70.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 16,540,018 shares of the pipeline company's stock worth $569,058,000 after buying an additional 6,840,000 shares in the last quarter. Mufg Securities Canada LTD. acquired a new position in TC Energy during the 4th quarter worth $235,580,000. Finally, Canada Pension Plan Investment Board lifted its holdings in TC Energy by 18.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 24,574,983 shares of the pipeline company's stock worth $849,037,000 after buying an additional 3,740,495 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TRP shares. Barclays upped their price objective on TC Energy from $53.00 to $55.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Jefferies Financial Group assumed coverage on TC Energy in a report on Tuesday, February 27th. They set a "hold" rating on the stock. TheStreet raised TC Energy from a "c+" rating to a "b-" rating in a research note on Wednesday, March 20th. Stifel Nicolaus began coverage on TC Energy in a research report on Thursday, January 18th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group raised their price target on TC Energy from $29.00 to $32.00 and gave the stock a "sell" rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.83.

TC Energy Trading Down 1.4 %

TC Energy stock traded down $0.53 during mid-day trading on Friday, hitting $38.21. 1,832,588 shares of the company's stock were exchanged, compared to its average volume of 3,864,577. The firm has a market capitalization of $38.21 billion, a P/E ratio of 18.82, a PEG ratio of 3.24 and a beta of 0.75. TC Energy Co. has a fifty-two week low of $32.51 and a fifty-two week high of $42.76. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 1.65. The company's 50 day simple moving average is $39.52 and its 200-day simple moving average is $37.91.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.79 by $0.20. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.93 billion. TC Energy had a return on equity of 18.60% and a net margin of 18.25%. On average, equities analysts anticipate that TC Energy Co. will post 2.99 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.714 dividend. This is an increase from TC Energy's previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, March 27th. This represents a $2.86 annualized dividend and a dividend yield of 7.47%. TC Energy's dividend payout ratio (DPR) is currently 139.41%.

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.