First Command Advisory Services Inc. Purchases Shares of 985 TC Energy Co. (NYSE:TRP)

First Command Advisory Services Inc. purchased a new stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 985 shares of the pipeline company’s stock, valued at approximately $46,000.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in TC Energy by 156.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock worth $321,778,000 after acquiring an additional 4,126,801 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in TC Energy in the 3rd quarter worth approximately $73,162,000. Merewether Investment Management LP increased its holdings in TC Energy by 37.9% in the 3rd quarter. Merewether Investment Management LP now owns 4,097,600 shares of the pipeline company’s stock worth $194,776,000 after acquiring an additional 1,127,000 shares in the last quarter. Duff & Phelps Investment Management Co. increased its holdings in TC Energy by 70.7% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,763,915 shares of the pipeline company’s stock worth $83,874,000 after acquiring an additional 730,415 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its holdings in TC Energy by 29.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company’s stock worth $152,072,000 after acquiring an additional 722,619 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TRP shares. TD Securities started coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a “buy” rating for the company. BMO Capital Markets increased their target price on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded TC Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, TC Energy has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

TC Energy Stock Down 0.2 %

NYSE TRP opened at $44.36 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The company has a market capitalization of $46.10 billion, a P/E ratio of 13.69, a P/E/G ratio of 4.34 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. The stock has a 50 day moving average price of $46.38 and a 200-day moving average price of $46.66.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.54. The firm 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 12.12% and a net margin of 29.40%. During the same period in the prior year, the company earned $1.35 EPS. As a group, equities analysts predict that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date of this dividend is Monday, March 31st. TC Energy’s dividend payout ratio is currently 71.91%.

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.