Bessemer Group Inc. Acquires 33,964 Shares of TC Energy Corporation $TRP

Posted by Geri Gentry on Jul 18th, 2026

Bessemer Group Inc. increased its stake in TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 862,098 shares of the pipeline company’s stock after acquiring an additional 33,964 shares during the quarter. Bessemer Group Inc.’s holdings in TC Energy were worth $53,800,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of TC Energy in the 4th quarter worth $25,000. Sterling Capital Management LLC bought a new stake in TC Energy in the 1st quarter worth about $26,000. Trust Co. of Vermont bought a new position in shares of TC Energy in the fourth quarter valued at approximately $28,000. McIlrath & Eck LLC purchased a new stake in shares of TC Energy during the 4th quarter valued at $32,000. Finally, SWAN Capital LLC purchased a new stake in TC Energy during the third quarter worth about $40,000. 83.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “neutral” rating and boosted their target price for the company from $53.00 to $62.00 in a research note on Monday, April 20th. TD Securities reissued a “hold” rating on shares of TC Energy in a report on Thursday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of TC Energy in a report on Tuesday, May 26th. BMO Capital Markets reissued an “outperform” rating on shares of TC Energy in a research note on Monday, May 4th. Finally, Barclays reiterated an “overweight” rating on shares of TC Energy in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Get Our Latest Research Report on TC Energy

TC Energy Trading Down 0.2%

TRP opened at $69.75 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.65 and a quick ratio of 0.57. The firm has a market capitalization of $72.68 billion, a price-to-earnings ratio of 30.28 and a beta of 0.66. The business has a 50 day simple moving average of $68.37 and a two-hundred day simple moving average of $63.44. TC Energy Corporation has a one year low of $46.61 and a one year high of $71.47.

TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last released its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. Analysts predict that TC Energy Corporation will post 2.72 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 paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, June 30th. TC Energy’s dividend payout ratio (DPR) is presently 107.39%.

About TC Energy

(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.