Several other institutional financiers have actually likewise just recently made modifications to their positions in TRP. National Bank of Canada FI raised its holdings in shares of TC Energy by 527.8% throughout the 4th quarter. National Bank of Canada FI now owns 13,756,448 shares of the pipeline business’s stock valued at $548,242,000 after acquiring an extra 11,565,402 shares throughout the duration. Price T Rowe Associates Inc. MD raised its holdings in shares of TC Energy by 60.8% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 30,036,811 shares of the pipeline business’s stock worth $1,210,184,000 after obtaining an extra 11,355,601 shares throughout the last quarter. Murchinson Ltd. obtained a brand-new stake in shares of TC Energy in the fourth quarter worth about $610,033,000. Canada Pension Plan Investment Board raised its holdings in shares of TC Energy by 123.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 15,084,085 shares of the pipeline business’s stock worth $610,806,000 after obtaining an extra 8,329,085 shares throughout the last quarter. Finally, Jarislowsky Fraser Ltd raised its holdings in shares of TC Energy by 1,222.0% in the fourth quarter. Jarislowsky Fraser Ltd now owns 6,937,712 shares of the pipeline business’s stock worth $276,392,000 after obtaining an extra 6,412,929 shares throughout the last quarter. Institutional financiers and hedge funds own 71.86% of the business’s stock.
Analyst Ratings Changes
A variety of equities research study experts just recently weighed in on TRP shares. Scotiabank decreased their target rate on shares of TC Energy from C$67.00 to C$66.00 in a report on Thursday, February second. BMO Capital Markets decreased their target rate on shares of TC Energy from C$66.00 to C$64.00 in a report on Thursday, February second. TD Securities decreased their target rate on shares of TC Energy from C$71.00 to C$68.00 in a report on Wednesday, February 15th. TheStreet updated shares of TC Energy from a “c” ranking to a “b-” ranking in a research study note on Friday, April 28th. Finally, Royal Bank of Canada reduced their rate goal on shares of TC Energy from C$73.00 to C$65.00 in a research study note on Thursday, February second. One financial investment expert has actually ranked the stock with a sell ranking, one has actually offered a hold ranking and 3 have actually provided a buy ranking to the stock. Based on information from MarketBeat.com, TC Energy has an agreement ranking of “Hold” and a typical rate target of $63.06.
TC Energy Stock Performance
TRP traded up $1.08 on Friday, striking $41.01. The business’s stock had a trading volume of 920,016 shares, compared to its typical volume of 1,829,149. The business’s 50 day easy moving average is $40.58 and its 200-day easy moving average is $41.50. The business has a fast ratio of 0.67, an existing ratio of 0.74 and a debt-to-equity ratio of 1.76. TC Energy Co. has a 12 month low of $36.79 and a 12 month high of $59.38. The company has a market cap of $42.22 billion, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 3.17 and a beta of 0.85.
TC Energy Cuts Dividend
The business likewise just recently stated a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be offered a dividend of $0.688 per share. The ex-dividend date is Thursday, June 29th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 6.71%. TC Energy’s dividend payment ratio (DPR) is presently 220.00%.
TC Energy Profile
(Get Rating)
TC Energy Corporation participates in the arrangement of energy facilities services. It runs through the following business sections: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Energy Solutions, and Corporate. The Canadian Natural Gas Pipelines sector includes managed gas pipelines.
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