Signaturefd LLC Boosts Holdings in TC Energy Co. (NYSE:TRP)

Signaturefd LLC grew its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,765 shares of the pipeline company’s stock after buying an additional 3,317 shares during the quarter. Signaturefd LLC’s holdings in TC Energy were worth $577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Lindbrook Capital LLC raised its position in shares of TC Energy by 1,354.8% during the 4th quarter. Lindbrook Capital LLC now owns 12,599 shares of the pipeline company’s stock valued at $492,000 after buying an additional 11,733 shares in the last quarter. HF Advisory Group LLC grew its holdings in shares of TC Energy by 6.9% during the 4th quarter. HF Advisory Group LLC now owns 51,443 shares of the pipeline company’s stock valued at $2,011,000 after purchasing an additional 3,316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TC Energy by 8.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 276,295 shares of the pipeline company’s stock valued at $10,846,000 after purchasing an additional 22,091 shares during the last quarter. Lipe & Dalton grew its holdings in shares of TC Energy by 3.0% during the 4th quarter. Lipe & Dalton now owns 44,117 shares of the pipeline company’s stock valued at $1,725,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Wealth Alliance grew its holdings in shares of TC Energy by 1.4% during the 4th quarter. Wealth Alliance now owns 22,531 shares of the pipeline company’s stock valued at $881,000 after purchasing an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Analysts Set New Price Targets

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

TC Energy Trading Down 0.3 %

Shares of TRP opened at $35.91 on Thursday. The firm’s 50-day moving average price is $38.95 and its 200-day moving average price is $38.04. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 3.03 and a beta of 0.75. 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 Co. has a 1-year low of $32.51 and a 1-year high of $42.49.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. Sell-side analysts anticipate that TC Energy Co. will post 2.98 EPS for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.714 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, March 27th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.95%. TC Energy’s payout ratio is presently 139.41%.

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.