Amundi Has $188.18 Million Stock Holdings in TC Energy Co. (NYSE:TRP)

Amundi grew its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,937,675 shares of the pipeline company’s stock after purchasing an additional 81,413 shares during the quarter. Amundi owned about 0.38% of TC Energy worth $188,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CIBC Asset Management Inc raised its position in TC Energy by 8.4% during the fourth quarter. CIBC Asset Management Inc now owns 7,123,344 shares of the pipeline company’s stock worth $331,863,000 after acquiring an additional 551,980 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 valued at $321,778,000 after purchasing an additional 4,126,801 shares during the period. Geode Capital Management LLC raised its holdings in shares of TC Energy by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,712,660 shares of the pipeline company’s stock valued at $225,890,000 after purchasing an additional 360,548 shares during the period. Merewether Investment Management LP lifted its stake 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 valued at $194,776,000 after purchasing an additional 1,127,000 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in TC Energy by 29.2% during the third quarter. Kayne Anderson Capital Advisors LP now owns 3,198,140 shares of the pipeline company’s stock worth $152,072,000 after purchasing an additional 722,619 shares during the period. Institutional investors own 83.13% of the company’s stock.

TC Energy Trading Up 0.8 %

Shares of TRP stock opened at $45.86 on Monday. TC Energy Co. has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The stock’s fifty day moving average price is $46.28 and its two-hundred day moving average price is $46.75. 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 cap of $47.66 billion, a PE ratio of 14.15, a P/E/G ratio of 4.34 and a beta of 0.83.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.54. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $1.35 earnings per share. Equities analysts predict that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 7.41%. This is a boost from TC Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. TC Energy’s dividend payout ratio is currently 72.53%.

Wall Street Analyst Weigh In

TRP has been the topic of several research analyst reports. 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. BMO Capital Markets lifted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. TD Securities initiated coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, StockNews.com downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, TC Energy currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

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.