Castleark Management LLC Makes New $4.67 Million Investment in TC Energy Corporation $TRP

Posted by Brenda Bartman on Aug 26th, 2026

Castleark Management LLC acquired a new stake in shares of TC Energy Corporation (NYSE:TRP – Free Report) (TSE:TRP) in the second quarter, HoldingsChannel.com reports. The fund acquired 70,370 shares of the pipeline company’s stock, valued at approximately $4,665,000.

A number of other large investors have also recently made changes to their positions in TRP. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in TC Energy in the 4th quarter worth approximately $25,000. Sterling Capital Management LLC purchased a new position in TC Energy during the first quarter valued at approximately $26,000. McIlrath & Eck LLC bought a new position in shares of TC Energy in the fourth quarter worth approximately $32,000. Trust Co. of Vermont bought a new position in shares of TC Energy in the second quarter worth approximately $33,000. Finally, SWAN Capital LLC purchased a new stake in shares of TC Energy in the third quarter worth $40,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TRP. Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada upped their target price on shares of TC Energy from $104.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Scotiabank restated an “outperform” rating on shares of TC Energy in a research report on Tuesday, July 21st. Finally, National Bank Financial raised TC Energy from a “hold” rating to a “strong-buy” rating 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 company’s stock. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Check Out Our Latest Stock Analysis on TRP

TC Energy Price Performance

TRP stock opened at $61.85 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.54 and a current ratio of 0.61. The company’s fifty day moving average price is $66.66 and its 200-day moving average price is $65.32. TC Energy Corporation has a one year low of $49.27 and a one year high of $71.47. The company has a market capitalization of $64.45 billion, a PE ratio of 25.67 and a beta of 0.66.

TC Energy (NYSE:TRP – Get Free Report) (TSE:TRP) last posted its earnings results on Thursday, July 30th. The pipeline company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.76 billion. TC Energy had a net margin of 22.91% and a return on equity of 11.10%. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts anticipate that TC Energy Corporation will post 2.78 EPS for the current fiscal year.

TC Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $3.51 dividend on an annualized basis and a yield of 5.7%. TC Energy’s dividend payout ratio is presently 102.49%.

TC Energy Company 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.