TC Energy Co. (NYSE:TRP) Position Lifted by Yaupon Capital Management LP

Yaupon Capital Management LP boosted its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 37.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,054,695 shares of the pipeline company's stock after acquiring an additional 285,237 shares during the period. TC Energy accounts for about 2.0% of Yaupon Capital Management LP's portfolio, making the stock its 5th largest holding. Yaupon Capital Management LP owned approximately 0.10% of TC Energy worth $49,075,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. NTV Asset Management LLC grew its holdings in shares of TC Energy by 4.0% during the 4th quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company's stock worth $288,000 after purchasing an additional 239 shares during the period. Lee Financial Co boosted its stake in TC Energy by 3.1% during the fourth quarter. Lee Financial Co now owns 8,185 shares of the pipeline company's stock worth $381,000 after buying an additional 246 shares during the period. IFP Advisors Inc increased its position in shares of TC Energy by 7.0% during the fourth quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company's stock valued at $177,000 after acquiring an additional 249 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of TC Energy by 7.2% during the fourth quarter. Global Retirement Partners LLC now owns 4,099 shares of the pipeline company's stock valued at $191,000 after acquiring an additional 274 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its stake in shares of TC Energy by 2.9% in the 4th quarter. Cohen Investment Advisors LLC now owns 9,831 shares of the pipeline company's stock valued at $457,000 after acquiring an additional 279 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

TC Energy Stock Up 0.2 %

TC Energy stock traded up $0.11 during trading on Friday, reaching $49.61. The stock had a trading volume of 7,055,812 shares, compared to its average volume of 2,584,689. 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 business has a 50 day moving average price of $47.03 and a 200 day moving average price of $47.18. The stock has a market cap of $51.58 billion, a PE ratio of 15.31, a P/E/G ratio of 4.34 and a beta of 0.74. TC Energy Co. has a 52-week low of $35.38 and a 52-week high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The business had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the prior year, the firm posted $1.35 EPS. On average, analysts predict that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The business 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. This is a boost from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 6.85%. TC Energy's dividend payout ratio is presently 72.84%.

Wall Street Analyst Weigh In

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

About TC Energy

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.