14,970 Shares in TC Energy Corporation $TRP Bought by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new position in shares of TC Energy Corporation (NYSE:TRPFree Report) (TSE:TRP) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 14,970 shares of the pipeline company’s stock, valued at approximately $992,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of TC Energy during the fourth quarter worth about $25,000. Sterling Capital Management LLC bought a new stake in TC Energy in the first quarter valued at approximately $26,000. McIlrath & Eck LLC acquired a new stake in TC Energy during the 4th quarter valued at approximately $32,000. Trust Co. of Vermont acquired a new stake in TC Energy during the 2nd quarter valued at approximately $33,000. Finally, SWAN Capital LLC bought a new position in TC Energy during the 3rd quarter worth approximately $40,000. Institutional investors own 83.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TRP. TD Securities reaffirmed a “hold” rating on shares of TC Energy in a research note on Thursday, July 16th. National Bank Financial raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of TC Energy in a research report on Tuesday, May 26th. Barclays reissued an “overweight” rating on shares of TC Energy in a research note on Thursday, July 16th. Finally, US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Get Our Latest Stock Analysis on TRP

TC Energy Stock Up 1.1%

Shares of NYSE TRP opened at $62.57 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.61 and a quick ratio of 0.54. The company has a 50-day moving average price of $66.21 and a 200-day moving average price of $65.39. The stock has a market capitalization of $65.19 billion, a P/E ratio of 25.96 and a beta of 0.66. TC Energy Corporation has a 1 year low of $49.27 and a 1 year high of $71.47.

TC Energy (NYSE:TRPGet Free Report) (TSE:TRP) last issued its quarterly earnings data 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 business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.76 billion. TC Energy had a return on equity of 11.10% and a net margin of 22.91%.During the same period last year, the business earned $0.82 EPS. On average, equities research analysts forecast that TC Energy Corporation will post 2.78 EPS for the current fiscal year.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, September 29th. This represents a $3.51 annualized dividend and a dividend yield of 5.6%. TC Energy’s dividend payout ratio (DPR) 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.

Further Reading

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Institutional Ownership by Quarter for TC Energy (NYSE:TRP)

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