ProShare Advisors LLC trimmed its holdings in shares of TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,007 shares of the pipeline company’s stock after selling 14,344 shares during the period. ProShare Advisors LLC’s holdings in TC Energy were worth $5,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board bought a new position in shares of TC Energy during the second quarter valued at approximately $273,917,000. Korea Investment CORP bought a new position in TC Energy in the second quarter worth approximately $30,152,000. Wellington Management Group LLP bought a new position in TC Energy in the second quarter worth approximately $7,450,000. Canada Pension Plan Investment Board purchased a new stake in TC Energy during the second quarter worth $1,148,244,000. Finally, Chickasaw Capital Management LLC lifted its holdings in TC Energy by 2,473.7% during the third quarter. Chickasaw Capital Management LLC now owns 200,849 shares of the pipeline company’s stock worth $11,605,000 after buying an additional 193,045 shares during the period. Hedge funds and other institutional investors own 83.13% of the company’s stock.
TC Energy Trading Down 1.2%
NYSE:TRP opened at $62.66 on Thursday. The stock has a market capitalization of $62.66 billion, a price-to-earnings ratio of 23.85 and a beta of 0.64. TC Energy Corporation has a 52 week low of $49.62 and a 52 week high of $71.47. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64. The firm has a 50 day moving average of $61.35 and a 200 day moving average of $63.76.
Analyst Ratings Changes
TRP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TC Energy in a research report on Thursday, October 29th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Raymond James Financial restated a “market perform” rating on shares of TC Energy in a research note on Wednesday, September 16th. Scotiabank reaffirmed an “outperform” rating on shares of TC Energy in a research report on Tuesday, July 21st. Finally, Barclays reaffirmed an “overweight” rating on shares of TC Energy in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.75.
View Our Latest Research Report on TC Energy
TC Energy Profile
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.
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