Quantinno Capital Management LP Grows Stock Holdings in TC Energy Co. (NYSE:TRP)

Quantinno Capital Management LP increased its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 29.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,845 shares of the pipeline company’s stock after purchasing an additional 5,256 shares during the quarter. Quantinno Capital Management LP’s holdings in TC Energy were worth $1,087,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TRP. SG Americas Securities LLC boosted its holdings in shares of TC Energy by 33.4% in the second quarter. SG Americas Securities LLC now owns 3,455 shares of the pipeline company’s stock worth $131,000 after buying an additional 865 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of TC Energy by 69.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,402 shares of the pipeline company’s stock valued at $622,000 after acquiring an additional 6,695 shares during the period. Nexus Investment Management ULC increased its stake in shares of TC Energy by 2.6% in the 2nd quarter. Nexus Investment Management ULC now owns 632,285 shares of the pipeline company’s stock worth $23,953,000 after purchasing an additional 15,800 shares in the last quarter. Stableford Capital II LLC raised its holdings in TC Energy by 1.4% in the 2nd quarter. Stableford Capital II LLC now owns 30,272 shares of the pipeline company’s stock worth $1,213,000 after purchasing an additional 422 shares during the period. Finally, Hennessy Advisors Inc. lifted its position in TC Energy by 4.6% during the second quarter. Hennessy Advisors Inc. now owns 614,400 shares of the pipeline company’s stock valued at $23,286,000 after purchasing an additional 27,100 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

TC Energy Trading Down 1.1 %

TC Energy stock opened at $46.78 on Friday. TC Energy Co. has a 1 year low of $31.83 and a 1 year high of $50.37. The firm’s 50 day moving average price is $47.66 and its 200-day moving average price is $44.11. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The stock has a market cap of $48.56 billion, a P/E ratio of 13.10, a PEG ratio of 4.03 and a beta of 0.82.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) 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 analysts predict that TC Energy Co. will post 3 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.822 dividend. This is an increase from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s payout ratio is currently 67.31%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group upped their price target on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. StockNews.com assumed coverage on shares of TC Energy in a report on Wednesday, December 4th. They set a “hold” rating on the stock. UBS Group upgraded shares of TC Energy from a “neutral” rating to a “buy” rating in a research report on Monday, September 30th. Finally, BMO Capital Markets upped their target price on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and a consensus price target of $55.67.

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.