77,093 Shares in TC Energy Co. (NYSE:TRP) Purchased by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) during the first quarter, HoldingsChannel.com reports. The firm purchased 77,093 shares of the pipeline company’s stock, valued at approximately $3,527,000. TC Energy accounts for about 1.3% of West Family Investments Inc.’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds have also recently bought and sold shares of TRP. Savior LLC boosted its holdings in TC Energy by 180.7% in the 1st quarter. Savior LLC now owns 539 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 347 shares during the period. Capital Asset Advisory Services LLC purchased a new stake in TC Energy during the 4th quarter worth approximately $26,000. Allred Capital Management LLC purchased a new position in shares of TC Energy during the 1st quarter valued at approximately $27,000. Paradigm Strategies in Wealth Management LLC acquired a new stake in shares of TC Energy during the first quarter worth approximately $29,000. Finally, Reby Advisors LLC bought a new stake in shares of TC Energy in the fourth quarter worth $30,000. 71.03% of the stock is owned by hedge funds and other institutional investors.

NYSE:TRP traded up $0.10 during mid-day trading on Friday, hitting $53.17. The stock had a trading volume of 23,180 shares, compared to its average volume of 2,234,819. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.81 and a quick ratio of 0.73. The stock’s 50 day moving average is $49.61. The stock has a market capitalization of $52.04 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.44 and a beta of 0.78. TC Energy Co. has a 52 week low of $38.80 and a 52 week high of $53.60.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 30th. Shareholders of record on Wednesday, June 30th will be paid a $0.7137 dividend. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $2.85 annualized dividend and a dividend yield of 5.37%. This is a positive change from TC Energy’s previous quarterly dividend of $0.69. TC Energy’s dividend payout ratio (DPR) is presently 57.96%.

A number of equities research analysts have recently issued reports on TRP shares. TD Securities cut their target price on shares of TC Energy from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, February 19th. CIBC increased their target price on TC Energy from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 19th. Wells Fargo & Company lifted their target price on TC Energy from $66.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 13th. Finally, Evercore ISI initiated coverage on TC Energy in a research note on Friday, March 19th. They set a $70.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $66.14.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 93,400 km network 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.

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

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