Achmea Investment Management B.V. Purchases Shares of 428,692 TC Energy Co. (NYSE:TRP)

Achmea Investment Management B.V. purchased a new stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 428,692 shares of the pipeline company’s stock, valued at approximately $19,969,000.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in TC Energy in the 4th quarter valued at $31,000. Versant Capital Management Inc bought a new position in TC Energy in the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new position in TC Energy in the 4th quarter valued at $36,000. Point72 DIFC Ltd bought a new position in TC Energy in the 3rd quarter valued at $39,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of TC Energy during the 4th quarter worth $46,000. 83.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. BMO Capital Markets lifted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on shares of TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Finally, TD Securities assumed coverage on shares of TC Energy in a report on Wednesday, January 15th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TC Energy currently has an average rating of “Moderate Buy” and an average target price of $62.00.

TC Energy Price Performance

Shares of NYSE:TRP opened at $46.60 on Thursday. The stock has a market cap of $48.43 billion, a PE ratio of 14.38, a PEG ratio of 4.34 and a beta of 0.83. The company’s fifty day moving average is $46.27 and its 200 day moving average is $46.77. TC Energy Co. has a 52 week low of $34.95 and a 52 week high of $50.37. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.54. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same quarter last year, the company earned $1.35 EPS. Research analysts anticipate that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Monday, March 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.82. TC Energy’s dividend payout ratio (DPR) is presently 72.53%.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.