Miller Howard Investments Inc. NY Has $27.75 Million Holdings in TC Energy Co. (NYSE:TRP)

Miller Howard Investments Inc. NY cut its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 19.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 596,480 shares of the pipeline company’s stock after selling 142,534 shares during the period. Miller Howard Investments Inc. NY’s holdings in TC Energy were worth $27,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of TC Energy during the third quarter worth about $28,000. Blue Trust Inc. raised its holdings in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after buying an additional 267 shares during the period. Versant Capital Management Inc bought a new position in TC Energy in the fourth quarter valued at approximately $33,000. Point72 DIFC Ltd acquired a new position in shares of TC Energy in the third quarter valued at approximately $39,000. Finally, UMB Bank n.a. bought a new stake in shares of TC Energy during the fourth quarter worth $47,000. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Stock Down 0.1 %

NYSE:TRP opened at $46.89 on Friday. The firm has a market capitalization of $48.72 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. TC Energy Co. has a twelve month low of $31.83 and a twelve month high of $50.37. The stock’s 50 day moving average price is $46.78 and its two-hundred day moving average price is $46.33.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. Equities research analysts expect that TC Energy Co. will post 2.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRP has been the topic of several research reports. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. StockNews.com initiated coverage on TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets raised their price target on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.00.

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.