Jackson Square Capital LLC Buys New Shares in TC Energy Co. (NYSE:TRP)

Jackson Square Capital LLC acquired a new stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,635 shares of the pipeline company’s stock, valued at approximately $775,000.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in shares of TC Energy in the third quarter valued at about $28,000. Blue Trust Inc. raised its stake in shares of TC Energy by 72.0% during the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 267 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of TC Energy during the fourth quarter valued at about $33,000. Point72 DIFC Ltd bought a new position in shares of TC Energy during the third quarter valued at about $39,000. Finally, Farther Finance Advisors LLC raised its stake in shares of TC Energy by 215.7% during the third quarter. Farther Finance Advisors LLC now owns 1,209 shares of the pipeline company’s stock valued at $57,000 after acquiring an additional 826 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

TRP has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research report on Monday, October 21st. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. StockNews.com initiated coverage on shares of TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, TC Energy has an average rating of “Hold” and an average price target of $55.67.

TC Energy Trading Up 2.7 %

NYSE:TRP opened at $47.39 on Friday. The company’s 50 day moving average price is $47.59 and its 200-day moving average price is $45.56. TC Energy Co. has a 52 week low of $31.83 and a 52 week high of $50.37. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The stock has a market cap of $49.23 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 4.31 and a beta of 0.82.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.83 billion. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. On average, equities research analysts forecast that TC Energy Co. will post 2.95 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.29 dividend on an annualized basis and a yield of 6.94%. TC Energy’s dividend payout ratio is 63.43%.

About TC Energy

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.