Natixis Has $1.60 Million Position in TC Energy Co. (NYSE:TRP)

Natixis grew its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 54.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,468 shares of the pipeline company's stock after purchasing an additional 12,174 shares during the quarter. Natixis' holdings in TC Energy were worth $1,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Addenda Capital Inc. grew its stake in TC Energy by 4.4% during the 4th quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company's stock worth $48,135,000 after buying an additional 43,639 shares during the last quarter. Ritholtz Wealth Management boosted its stake in TC Energy by 44.8% during the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company's stock valued at $1,115,000 after purchasing an additional 7,412 shares during the period. O Shaughnessy Asset Management LLC grew its position in TC Energy by 7.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 224,829 shares of the pipeline company's stock worth $10,463,000 after purchasing an additional 16,334 shares during the last quarter. Cinctive Capital Management LP raised its holdings in shares of TC Energy by 12.3% during the fourth quarter. Cinctive Capital Management LP now owns 194,133 shares of the pipeline company's stock valued at $9,042,000 after buying an additional 21,243 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new position in shares of TC Energy during the fourth quarter worth approximately $8,614,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on TRP shares. Royal Bank of Canada lifted their target price 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 upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. TD Securities initiated coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup began coverage on shares of TC Energy in a research report on Friday, April 4th. They set a "neutral" rating on the stock. Finally, StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TC Energy presently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Price Performance

Shares of NYSE TRP traded up $0.30 during midday trading on Monday, reaching $49.90. The company's stock had a trading volume of 268,876 shares, compared to its average volume of 2,575,532. TC Energy Co. has a one year low of $35.38 and a one year high of $50.37. The company has a market cap of $51.88 billion, a price-to-earnings ratio of 15.38, 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 $47.03 and a 200 day moving average price of $47.18. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.54. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. During the same quarter in the prior year, the firm earned $1.35 EPS. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 dividend on an annualized basis and a yield of 6.81%. This is a boost from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio (DPR) is currently 72.84%.

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.