TC Energy Corporation $TRP Shares Bought by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. raised its holdings in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,424,436 shares of the pipeline company’s stock after acquiring an additional 753,588 shares during the period. TC Energy accounts for about 8.3% of Mufg Securities Canada LTD.’s holdings, making the stock its 3rd biggest position. Mufg Securities Canada LTD. owned 0.52% of TC Energy worth $298,765,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in TC Energy by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 47,801,695 shares of the pipeline company’s stock valued at $2,632,200,000 after acquiring an additional 980,221 shares during the last quarter. Capital Research Global Investors raised its holdings in TC Energy by 2.5% in the 3rd quarter. Capital Research Global Investors now owns 41,977,582 shares of the pipeline company’s stock valued at $2,282,469,000 after acquiring an additional 1,041,864 shares during the last quarter. TD Asset Management Inc raised its holdings in TC Energy by 6.3% in the 4th quarter. TD Asset Management Inc now owns 20,868,772 shares of the pipeline company’s stock valued at $1,150,656,000 after acquiring an additional 1,244,525 shares during the last quarter. GQG Partners LLC raised its holdings in TC Energy by 586.5% in the 4th quarter. GQG Partners LLC now owns 16,154,469 shares of the pipeline company’s stock valued at $890,711,000 after acquiring an additional 13,801,371 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in TC Energy by 63.2% in the 4th quarter. Deutsche Bank AG now owns 15,384,255 shares of the pipeline company’s stock valued at $846,288,000 after acquiring an additional 5,956,263 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TRP shares. Citigroup reiterated a “neutral” rating on shares of TC Energy in a report on Thursday, February 19th. Barclays reiterated an “overweight” rating on shares of TC Energy in a report on Monday, May 4th. Royal Bank Of Canada boosted their price target on TC Energy from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating on shares of TC Energy in a report on Monday, February 16th. Finally, Raymond James Financial upgraded TC Energy to a “hold” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

TC Energy Trading Down 0.0%

TRP stock opened at $69.39 on Monday. The company has a market cap of $69.39 billion, a price-to-earnings ratio of 30.12 and a beta of 0.66. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 1.67. The business has a fifty day simple moving average of $65.69 and a 200-day simple moving average of $61.08. TC Energy Corporation has a 52 week low of $46.29 and a 52 week high of $71.47.

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

TC Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th. TC Energy’s dividend payout ratio is presently 109.57%.

TC Energy Company Profile

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.