Viking Fund Management LLC Buys 40,000 Shares of TC Energy Corporation $TRP

Viking Fund Management LLC lifted its stake in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 542,000 shares of the pipeline company’s stock after buying an additional 40,000 shares during the quarter. TC Energy comprises about 3.6% of Viking Fund Management LLC’s portfolio, making the stock its 3rd largest holding. Viking Fund Management LLC’s holdings in TC Energy were worth $29,490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRP. Goldman Sachs Group Inc. raised its position in TC Energy by 2,565.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 16,306,187 shares of the pipeline company’s stock worth $769,815,000 after buying an additional 15,694,336 shares during the last quarter. Norges Bank purchased a new stake in shares of TC Energy in the second quarter valued at about $493,434,000. Canada Pension Plan Investment Board increased its stake in shares of TC Energy by 34.2% during the first quarter. Canada Pension Plan Investment Board now owns 19,808,558 shares of the pipeline company’s stock worth $935,627,000 after acquiring an additional 5,053,228 shares during the period. Public Sector Pension Investment Board increased its stake in shares of TC Energy by 2,573.3% during the second quarter. Public Sector Pension Investment Board now owns 2,680,572 shares of the pipeline company’s stock worth $130,600,000 after acquiring an additional 2,580,300 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in TC Energy during the second quarter worth about $104,628,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRP. BMO Capital Markets upgraded TC Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, November 7th. Wall Street Zen cut TC Energy from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. TD Securities reaffirmed a “buy” rating on shares of TC Energy in a report on Friday, October 17th. Cibc World Mkts downgraded TC Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of TC Energy in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.00.

More TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Zacks Research raised multiple earnings estimates for TRP across quarters and fiscal years — including Q4 2025 to $0.66, Q1 2026 to $0.73, Q2 2026 to $0.56, Q4 2026 to $0.69, Q1 2027 to $0.71, Q2 2027 to $0.59, FY2026 to $2.54 and FY2027 to $2.56. These upward revisions improve the near-term earnings outlook and are a likely driver of the stock’s gain today.
• Positive Sentiment: Consistent upward tweaks across several consecutive notes (multiple quarters and full-year lifts) signal improving analyst sentiment rather than a one-off change — this tends to support further investor interest in the shares.
• Neutral Sentiment: Market commentary noted the stock rose on Friday but still underperformed the broader market, indicating the move, while positive, may be muted versus sector or market momentum. Article Title

TC Energy Stock Performance

NYSE TRP opened at $54.36 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.60. TC Energy Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $55.37. The business has a fifty day moving average of $52.93 and a 200-day moving average of $51.19. The stock has a market cap of $56.58 billion, a price-to-earnings ratio of 23.43 and a beta of 0.70.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $2.63 billion. TC Energy had a return on equity of 10.61% and a net margin of 23.86%.During the same quarter last year, the business posted $1.03 EPS. As a group, analysts predict that TC Energy Corporation will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.3%. This is a boost from TC Energy’s previous quarterly dividend of $0.61. TC Energy’s dividend payout ratio is currently 106.47%.

TC Energy 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.