Meixler Investment Management Ltd. Has $493,000 Stock Holdings in TC Energy Co. (NYSE:TRP)

Meixler Investment Management Ltd. raised its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,600 shares of the pipeline company’s stock after purchasing an additional 950 shares during the quarter. Meixler Investment Management Ltd.’s holdings in TC Energy were worth $493,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TRP. Creative Planning boosted its holdings in shares of TC Energy by 4.1% in the 3rd quarter. Creative Planning now owns 46,779 shares of the pipeline company’s stock valued at $2,224,000 after purchasing an additional 1,829 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of TC Energy by 72.0% in the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 267 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of TC Energy by 26.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,651 shares of the pipeline company’s stock valued at $459,000 after acquiring an additional 1,993 shares during the last quarter. Signaturefd LLC lifted its stake in shares of TC Energy by 15.6% in the 3rd quarter. Signaturefd LLC now owns 18,929 shares of the pipeline company’s stock valued at $900,000 after acquiring an additional 2,556 shares during the last quarter. Finally, Eastern Bank bought a new position in shares of TC Energy in the 3rd quarter valued at $166,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Monday, October 21st. StockNews.com assumed coverage on TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. TD Securities assumed coverage on TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, BMO Capital Markets lifted their price objective on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.00.

TC Energy Stock Performance

Shares of TRP opened at $46.05 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The stock has a 50-day moving average of $46.61 and a 200-day moving average of $46.52. The company has a market cap of $47.85 billion, a PE ratio of 12.76, a P/E/G ratio of 4.45 and a beta of 0.81. TC Energy Co. has a one year low of $31.83 and a one year high of $50.37.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.54. The business 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 12.92% and a net margin of 31.15%. During the same quarter in the previous year, the business earned $1.35 EPS. On average, equities research analysts predict that TC Energy Co. will post 2.92 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.38%. This is an increase from TC Energy’s previous quarterly dividend of $0.82. TC Energy’s payout ratio is presently 63.43%.

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.