TC Energy Co. (NYSE:TRP) Shares Bought by PDT Partners LLC

PDT Partners LLC boosted its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,344 shares of the pipeline company's stock after acquiring an additional 5,400 shares during the quarter. PDT Partners LLC's holdings in TC Energy were worth $2,668,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of 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 acquiring an additional 87,885 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in TC Energy in the 3rd quarter worth about $186,000. Centerstone Investors LLC boosted its position in TC Energy by 3.4% during the third quarter. Centerstone Investors LLC now owns 328,440 shares of the pipeline company's stock worth $14,550,000 after purchasing an additional 10,890 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in TC Energy by 58.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,769 shares of the pipeline company's stock valued at $409,000 after purchasing an additional 3,218 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of TC Energy in the fourth quarter valued at approximately $33,000. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Price Performance

Shares of TC Energy stock traded up $0.94 on Friday, hitting $50.95. 2,091,960 shares of the company were exchanged, compared to its average volume of 2,552,287. TC Energy Co. has a 1-year low of $37.05 and a 1-year high of $51.25. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The company has a 50-day moving average price of $47.57 and a 200 day moving average price of $47.30.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm posted $1.02 EPS. As a group, sell-side analysts predict that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Cuts Dividend

The company 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 dividend of $0.6142 per share. This represents a $2.46 annualized dividend and a yield of 4.82%. The ex-dividend date is Monday, June 30th. TC Energy's payout ratio is currently 72.84%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. CIBC upgraded TC Energy from a "neutral" rating to a "sector outperform" rating in a research report on Friday. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. TD Securities initiated coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a "buy" rating for the company. StockNews.com downgraded shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

TC Energy Company 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.