OMERS ADMINISTRATION Corp Acquires 802,190 Shares of TC Energy Corporation $TRP

OMERS ADMINISTRATION Corp raised its holdings in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 49.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,420,000 shares of the pipeline company’s stock after buying an additional 802,190 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in TC Energy were worth $133,433,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TRP. AQR Capital Management LLC lifted its holdings in shares of TC Energy by 54.0% in the 1st quarter. AQR Capital Management LLC now owns 11,099 shares of the pipeline company’s stock worth $538,000 after acquiring an additional 3,892 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of TC Energy by 46.1% in the 1st quarter. Focus Partners Wealth now owns 12,446 shares of the pipeline company’s stock worth $588,000 after acquiring an additional 3,929 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of TC Energy by 200.7% in the 1st quarter. Intech Investment Management LLC now owns 26,878 shares of the pipeline company’s stock worth $1,269,000 after acquiring an additional 17,939 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of TC Energy by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the pipeline company’s stock worth $181,000 after acquiring an additional 1,243 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of TC Energy by 9.9% in the 2nd quarter. Guggenheim Capital LLC now owns 16,758 shares of the pipeline company’s stock worth $818,000 after acquiring an additional 1,511 shares during the last quarter. Institutional investors own 83.13% of the company’s stock.

TC Energy Trading Down 0.4%

TRP stock opened at $69.13 on Tuesday. The company has a market capitalization of $69.13 billion, a PE ratio of 30.01 and a beta of 0.66. TC Energy Corporation has a 12 month low of $46.29 and a 12 month high of $71.47. The firm’s 50-day moving average is $65.80 and its 200 day moving average is $61.19. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.65 and a quick ratio of 0.57.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. During the same quarter last year, the firm posted $0.95 EPS. On average, research analysts anticipate that TC Energy Corporation will post 2.75 EPS for the current year.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.51 dividend on an annualized basis and a yield of 5.1%. TC Energy’s dividend payout ratio (DPR) is 109.57%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Barclays reaffirmed an “overweight” rating on shares of TC Energy in a research note on Monday, May 4th. National Bank Financial raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of TC Energy in a research note on Tuesday, May 26th. Finally, Raymond James Financial raised shares of TC Energy to a “hold” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

About TC Energy

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long?distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.