14,344 TC Energy Corporation $TRP Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 13.2% during the third quarter, Holdings Channel.com reports. The fund owned 94,007 shares of the pipeline company’s stock after selling 14,344 shares during the period. ProShare Advisors LLC’s holdings in TC Energy were worth $5,442,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Ontario Teachers Pension Plan Board purchased a new position in shares of TC Energy in the 2nd quarter valued at approximately $273,917,000. Korea Investment CORP acquired a new stake in TC Energy in the 2nd quarter worth approximately $30,152,000. Wellington Management Group LLP purchased a new stake in TC Energy during the 2nd quarter worth approximately $7,450,000. Canada Pension Plan Investment Board purchased a new stake in TC Energy during the 2nd quarter worth approximately $1,148,244,000. Finally, Chickasaw Capital Management LLC grew its position in TC Energy by 2,473.7% during the 3rd quarter. Chickasaw Capital Management LLC now owns 200,849 shares of the pipeline company’s stock worth $11,605,000 after purchasing an additional 193,045 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRP. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Barclays reissued an “overweight” rating on shares of TC Energy in a report on Thursday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of TC Energy in a research report on Thursday, October 29th. The Goldman Sachs Group raised TC Energy from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Wednesday, September 30th. Finally, Royal Bank Of Canada restated a “moderate buy” rating and issued a $106.00 target price on shares of TC Energy in a research note on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.75.

TC Energy Trading Down 1.2%

TC Energy stock opened at $62.66 on Thursday. The stock has a 50-day moving average price of $61.35 and a 200 day moving average price of $63.76. The company has a market capitalization of $62.66 billion, a price-to-earnings ratio of 23.85 and a beta of 0.64. TC Energy Corporation has a 52 week low of $49.62 and a 52 week 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.

TC Energy Company Profile

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.