Partners Group Holding AG Acquires 8,038 Shares of TC Energy Corporation $TRP

Partners Group Holding AG raised its holdings in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,583 shares of the pipeline company’s stock after acquiring an additional 8,038 shares during the period. TC Energy comprises approximately 1.6% of Partners Group Holding AG’s portfolio, making the stock its 24th biggest holding. Partners Group Holding AG’s holdings in TC Energy were worth $23,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TRP. Trust Co. of Vermont bought a new position in shares of TC Energy in the fourth quarter worth approximately $28,000. Westside Investment Management Inc. boosted its holdings in TC Energy by 100.0% in the third quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 297 shares in the last quarter. McIlrath & Eck LLC bought a new stake in TC Energy in the fourth quarter valued at $32,000. SWAN Capital LLC purchased a new position in TC Energy during the third quarter valued at $40,000. Finally, Smartleaf Asset Management LLC lifted its position in TC Energy by 237.4% during the third quarter. Smartleaf Asset Management LLC now owns 803 shares of the pipeline company’s stock valued at $43,000 after buying an additional 565 shares during the period. Institutional investors own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings lowered TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. TD Securities reiterated a “hold” rating on shares of TC Energy in a report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating on shares of TC Energy in a research note on Monday, February 16th. Barclays restated an “overweight” rating on shares of TC Energy in a research note on Monday, May 4th. Finally, Scotiabank restated an “outperform” rating on shares of TC Energy in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

TC Energy Stock Up 0.2%

NYSE TRP opened at $69.43 on Wednesday. The stock has a market cap of $69.43 billion, a PE ratio of 30.13 and a beta of 0.67. TC Energy Corporation has a 12 month low of $46.29 and a 12 month high of $69.73. The stock’s 50 day moving average is $63.80 and its 200 day moving average is $59.05. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 1.67.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Friday, May 1st. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations 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 earned $0.95 EPS. Research analysts predict that TC Energy Corporation will post 2.75 EPS for the current fiscal 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 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. TC Energy’s dividend payout ratio is 109.57%.

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.