Partners Group Holding AG Buys 8,038 Shares of TC Energy Corporation $TRP

Partners Group Holding AG grew its stake in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,583 shares of the pipeline company’s stock after purchasing an additional 8,038 shares during the quarter. TC Energy makes up approximately 1.6% of Partners Group Holding AG’s investment portfolio, making the stock its 24th largest holding. Partners Group Holding AG’s holdings in TC Energy were worth $23,727,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. increased its holdings in TC Energy by 514.5% in the 3rd quarter. American Century Companies Inc. now owns 6,491,799 shares of the pipeline company’s stock valued at $352,976,000 after buying an additional 5,435,310 shares during the period. Nicola Wealth Management LTD. boosted its position in TC Energy by 793.7% during the 3rd quarter. Nicola Wealth Management LTD. now owns 2,302,996 shares of the pipeline company’s stock worth $125,229,000 after buying an additional 2,045,300 shares during the period. BROOKFIELD Corp ON acquired a new stake in TC Energy during the 2nd quarter worth approximately $78,443,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TC Energy by 32.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,496,410 shares of the pipeline company’s stock worth $244,650,000 after buying an additional 1,109,897 shares during the period. Finally, Capital Research Global Investors boosted its position in TC Energy by 2.5% during the 3rd quarter. Capital Research Global Investors now owns 41,977,582 shares of the pipeline company’s stock worth $2,282,469,000 after buying an additional 1,041,864 shares during the period. 83.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TRP has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of TC Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley restated an “overweight” rating on shares of TC Energy in a research note on Wednesday, January 28th. The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $62.00 in a research note on Monday, April 20th. Citigroup reiterated a “neutral” rating on shares of TC Energy in a research note on Thursday, February 19th. Finally, Scotiabank reiterated an “outperform” rating on shares of TC Energy in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

TC Energy Price Performance

NYSE TRP opened at $69.43 on Wednesday. TC Energy Corporation has a 52 week low of $46.29 and a 52 week high of $69.73. The company has a market cap of $69.43 billion, a PE ratio of 30.13 and a beta of 0.67. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 1.67. The firm’s 50-day simple moving average is $63.80 and its two-hundred day simple moving average is $59.05.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. Research analysts predict that TC Energy Corporation will post 2.75 earnings per share for the current year.

TC Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. TC Energy’s dividend payout ratio is presently 109.57%.

About TC Energy

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.