TC Energy Corporation $TRP Stock Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its position in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 42.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,900 shares of the pipeline company’s stock after selling 8,117 shares during the period. Park Avenue Securities LLC’s holdings in TC Energy were worth $633,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC bought a new position in shares of TC Energy in the 1st quarter worth $26,000. Trust Co. of Vermont acquired a new stake in TC Energy in the 2nd quarter valued at $33,000. Halbert Hargrove Global Advisors LLC acquired a new stake in TC Energy in the 3rd quarter valued at $35,000. Ascentis Independent Advisors bought a new stake in TC Energy during the 1st quarter valued at $49,000. Finally, Aberdeen Wealth Management LLC bought a new stake in TC Energy during the 2nd quarter valued at $51,000. Institutional investors own 83.13% of the company’s stock.

TC Energy Stock Down 0.1%

TRP stock opened at $62.56 on Friday. TC Energy Corporation has a twelve month low of $49.64 and a twelve month high of $71.47. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average is $61.34 and its 200-day moving average is $63.80. The firm has a market capitalization of $62.56 billion, a PE ratio of 25.96 and a beta of 0.64.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Thursday, November 5th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. TC Energy had a return on equity of 11.10% and a net margin of 22.91%. During the same quarter in the prior year, the company earned $0.77 earnings per share. Sell-side analysts expect that TC Energy Corporation will post 2.79 EPS for the current fiscal year.

TC Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, December 31st will be paid a dividend of C$0.88 per share. The ex-dividend date is Thursday, December 31st. This represents a $3.51 annualized dividend and a yield of 5.6%. TC Energy’s dividend payout ratio (DPR) is 104.98%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRP. Weiss Ratings restated a “buy (b)” rating on shares of TC Energy in a report on Thursday, October 29th. TD upgraded shares of TC Energy to a “buy” rating in a report on Tuesday, September 15th. Barclays reiterated an “overweight” rating on shares of TC Energy in a report on Thursday, July 16th. Jefferies Financial Group raised shares of TC Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $99.00 target price on shares of TC Energy in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.75.

Key Headlines Impacting TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy reported Q3 EPS of C$0.67, above the C$0.64 consensus, and also topped revenue estimates. The company raised its 2026 outlook and extended its forecast horizon through 2031, signaling stronger expected performance. Zacks earnings report
• Positive Sentiment: The company announced about C$3 billion in new growth projects. CEO François Poirier also said TC Energy plans to unveil an expansion plan for its NGTL natural-gas system in December, pointing to potential longer-term growth opportunities. Reuters report on guidance and projects Reuters report on NGTL expansion
• Neutral Sentiment: TC Energy declared a quarterly dividend of C$0.88 per share, equivalent to about C$3.51 annualized and a stated yield of 5.6%. This may appeal to income-focused investors, though the announcement does not specify a dividend increase.

About TC Energy

TC Energy Corporation (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company’s operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.