5,077 Shares in TC Energy Co. (NYSE:TRP) Bought by Syon Capital LLC

Syon Capital LLC acquired a new position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,077 shares of the pipeline company's stock, valued at approximately $236,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in TC Energy in the fourth quarter worth $31,000. Versant Capital Management Inc purchased a new position in shares of TC Energy during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new position in TC Energy during the fourth quarter valued at $36,000. Millstone Evans Group LLC bought a new stake in shares of TC Energy during the 4th quarter valued at $41,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of TC Energy in the 4th quarter worth about $46,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRP has been the subject of a number of analyst reports. TD Securities started coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a "buy" rating for the company. CIBC raised TC Energy from a "neutral" rating to a "sector outperform" rating in a report on Friday. Royal Bank of Canada raised their price target on TC Energy from $71.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered shares of TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Stock Performance

Shares of TRP stock traded up $0.31 on Friday, reaching $50.32. The stock had a trading volume of 706,844 shares, compared to its average volume of 2,552,908. 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 Co. has a 1 year low of $35.89 and a 1 year high of $51.25. The stock has a market cap of $52.32 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The company has a 50 day simple moving average of $47.44 and a 200 day simple moving average of $47.27.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings results 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). The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.57 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same quarter in the previous year, the business posted $1.02 earnings per share. Equities research analysts expect that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 6.76%. This is an increase from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio (DPR) is 72.84%.

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.