TC Energy Corporation $TRP Holdings Lowered by Legal & General Group Plc

Posted by Brian Himes on May 26th, 2026

Legal & General Group Plc trimmed its stake in shares of TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,120,442 shares of the pipeline company’s stock after selling 134,990 shares during the quarter. Legal & General Group Plc owned about 0.88% of TC Energy worth $502,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRP. AQR Capital Management LLC raised its position in shares of TC Energy by 54.0% during the 1st quarter. AQR Capital Management LLC now owns 11,099 shares of the pipeline company’s stock worth $538,000 after buying an additional 3,892 shares in the last quarter. Focus Partners Wealth raised its position in shares of TC Energy by 46.1% during the 1st quarter. Focus Partners Wealth now owns 12,446 shares of the pipeline company’s stock worth $588,000 after buying an additional 3,929 shares in the last quarter. Intech Investment Management LLC raised its position in shares of TC Energy by 200.7% during the 1st quarter. Intech Investment Management LLC now owns 26,878 shares of the pipeline company’s stock worth $1,269,000 after buying an additional 17,939 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of TC Energy by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the pipeline company’s stock worth $181,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in shares of TC Energy by 9.9% in the 2nd quarter. Guggenheim Capital LLC now owns 16,758 shares of the pipeline company’s stock worth $818,000 after purchasing an additional 1,511 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRP has been the topic of several recent research reports. National Bank Financial raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. TD Securities reaffirmed a “hold” rating on shares of TC Energy in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce raised shares of TC Energy from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of TC Energy in a research note on Thursday, February 19th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of TC Energy in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

Get Our Latest Stock Report on TRP

TC Energy Stock Performance

TC Energy stock opened at $70.82 on Tuesday. The firm’s 50 day simple moving average is $64.38 and its 200-day simple moving average is $59.63. The company has a market cap of $70.82 billion, a P/E ratio of 30.74 and a beta of 0.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.65 and a quick ratio of 0.57. TC Energy Corporation has a fifty-two week low of $46.29 and a fifty-two week high of $71.47.

TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share 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 the consensus estimate of $2.20 billion. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. During the same period last year, the firm posted $0.95 earnings per share. As a group, equities research analysts predict that TC Energy Corporation will post 2.75 EPS for the current year.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, June 30th. TC Energy’s dividend payout ratio (DPR) is 109.57%.

TC Energy Profile

(Free Report)

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.