Park Avenue Securities LLC Sells 8,117 Shares of TC Energy Corporation $TRP

Park Avenue Securities LLC lowered its position in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,900 shares of the pipeline company’s stock after selling 8,117 shares during the quarter. Park Avenue Securities LLC’s holdings in TC Energy were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TRP. apricus wealth LLC boosted its stake in shares of TC Energy by 8.0% in the 3rd quarter. apricus wealth LLC now owns 35,138 shares of the pipeline company’s stock worth $2,030,000 after buying an additional 2,610 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in shares of TC Energy by 16.5% during the third quarter. Miller Howard Investments Inc. NY now owns 1,479,257 shares of the pipeline company’s stock valued at $85,471,000 after acquiring an additional 208,983 shares during the last quarter. Viewpoint Investment Partners Corp increased its position in shares of TC Energy by 60.1% during the third quarter. Viewpoint Investment Partners Corp now owns 58,225 shares of the pipeline company’s stock valued at $3,206,000 after acquiring an additional 21,868 shares during the last quarter. Code Waechter LLC lifted its holdings in TC Energy by 17.0% during the third quarter. Code Waechter LLC now owns 12,951 shares of the pipeline company’s stock worth $748,000 after acquiring an additional 1,879 shares during the period. Finally, Lorne Steinberg Wealth Management Inc. lifted its holdings in TC Energy by 1.2% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 211,970 shares of the pipeline company’s stock worth $12,271,000 after acquiring an additional 2,465 shares during the period. Institutional investors own 83.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TRP shares. Raymond James Financial reissued a “market perform” rating on shares of TC Energy in a research report on Wednesday, September 16th. TD Securities restated a “buy” rating on shares of TC Energy in a research note on Friday, October 16th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Barclays reiterated an “overweight” rating on shares of TC Energy in a research note on Thursday, July 16th. Finally, Jefferies Financial Group raised shares of TC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.75.

Trending Headlines about TC Energy

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

• Positive Sentiment: TC Energy reported Q3 EPS of C$0.67, above the C$0.64 consensus, and also topped revenue estimates. The company raised its 2026 outlook and extended its forecast horizon through 2031, signaling stronger expected performance. Zacks earnings report
• Positive Sentiment: The company announced about C$3 billion in new growth projects. CEO François Poirier also said TC Energy plans to unveil an expansion plan for its NGTL natural-gas system in December, pointing to potential longer-term growth opportunities. Reuters report on guidance and projects Reuters report on NGTL expansion
• Neutral Sentiment: TC Energy declared a quarterly dividend of C$0.88 per share, equivalent to about C$3.51 annualized and a stated yield of 5.6%. This may appeal to income-focused investors, though the announcement does not specify a dividend increase.

TC Energy Stock Down 0.1%

TC Energy stock opened at $62.56 on Friday. TC Energy Corporation has a twelve month low of $49.64 and a twelve month high of $71.47. The firm has a 50 day moving average price of $61.34 and a 200-day moving average price of $63.80. The company has a market capitalization of $62.56 billion, a P/E ratio of 25.96 and a beta of 0.64. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Thursday, November 5th. The pipeline company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. During the same period in the previous year, the firm posted $0.77 EPS. As a group, equities analysts predict that TC Energy Corporation will post 2.79 EPS for the current year.

TC Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, December 31st will be issued a dividend of C$0.88 per share. This represents a $3.51 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, December 31st. TC Energy’s dividend payout ratio is 104.98%.

About TC Energy

TC Energy Corporation (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company’s operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.