Lindbrook Capital LLC Purchases 11,733 Shares of TC Energy Co. (NYSE:TRP)

Lindbrook Capital LLC boosted its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 1,354.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,599 shares of the pipeline company’s stock after acquiring an additional 11,733 shares during the quarter. Lindbrook Capital LLC’s holdings in TC Energy were worth $492,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC increased its position in shares of TC Energy by 23.8% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,450 shares of the pipeline company’s stock valued at $56,000 after acquiring an additional 279 shares during the period. EverSource Wealth Advisors LLC grew its position in TC Energy by 14.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,315 shares of the pipeline company’s stock worth $80,000 after purchasing an additional 288 shares during the period. Boothbay Fund Management LLC grew its position in TC Energy by 1.0% during the 2nd quarter. Boothbay Fund Management LLC now owns 31,537 shares of the pipeline company’s stock worth $1,274,000 after purchasing an additional 300 shares during the period. AdvisorNet Financial Inc grew its position in TC Energy by 25.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,483 shares of the pipeline company’s stock worth $58,000 after purchasing an additional 304 shares during the period. Finally, Wealth Alliance grew its position in TC Energy by 1.4% during the 4th quarter. Wealth Alliance now owns 22,531 shares of the pipeline company’s stock worth $881,000 after purchasing an additional 304 shares during the period. 83.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TRP shares. Jefferies Financial Group started coverage on shares of TC Energy in a research note on Tuesday, February 27th. They set a “hold” rating on the stock. Stifel Nicolaus started coverage on shares of TC Energy in a research note on Thursday, January 18th. They issued a “buy” rating on the stock. Barclays raised their price target on shares of TC Energy from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. The Goldman Sachs Group raised their price target on shares of TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Finally, TheStreet raised shares of TC Energy from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.83.

TC Energy Price Performance

TC Energy stock opened at $35.70 on Monday. The stock has a market cap of $35.70 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 3.00 and a beta of 0.75. The company has a fifty day simple moving average of $39.06 and a 200-day simple moving average of $38.02. TC Energy Co. has a 12-month low of $32.51 and a 12-month high of $42.49. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 1.65.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. Equities analysts expect that TC Energy Co. will post 2.98 EPS for the current fiscal year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a $0.714 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from TC Energy’s previous quarterly dividend of $0.67. This represents a $2.86 dividend on an annualized basis and a yield of 8.00%. TC Energy’s payout ratio is 139.41%.

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.