Van Lanschot Kempen Investment Management N.V. Makes New Investment in TC Energy Co. (NYSE:TRP)

Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 168,775 shares of the pipeline company's stock, valued at approximately $7,853,000.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD Securities began coverage on TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada boosted their price objective on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Citigroup started coverage on TC Energy in a report on Friday, April 4th. They set a "neutral" rating on the stock. Finally, US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Stock Up 0.2 %

NYSE:TRP traded up $0.11 during mid-day 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 business's 50 day moving average is $47.03 and its 200 day moving average is $47.18. TC Energy Co. has a fifty-two week low of $35.38 and a fifty-two week high of $50.37. The stock has a market cap of $51.58 billion, a P/E ratio of 15.31, a PEG ratio of 4.34 and a beta of 0.74. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23.

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 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. As a group, sell-side analysts predict that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.85 per share. 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 6.85%. This is a boost from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio is presently 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.