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Allianz Asset Management GmbH boosted its stake in shares of TC Energy Corporation (NYSE: TRP) (TSE: TRP) by 14.1% during the undefined quarter, according to its most recent filing with the SEC. The firm owned 618,384 shares of the pipeline company's stock after purchasing an additional 76,601 shares during the period. Allianz Asset Management
TC Energy Corporation's Bruce Power, operating two stations (A and B), delivers 6.6 GW of nuclear capacity with fixed-price MWh contracts, supports stable cash flows. Plans for Bruce Power C could add up to 4.8 GW of nuclear capacity, with a final investment decision highlighted as a key milestone. Major Component Replacement projects leverage advanced robotics, underscoring operational efficiency and long-term asset reliability.
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BlackRock Inc. increased its stake in shares of TC Energy Corporation (NYSE: TRP) (TSE: TRP) by 10.5% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,793,500 shares of the pipeline company's stock after purchasing an additional 265,322 shares during the period.
TRP's stronger cash flows, rising gas demand and growing pipeline support growth, but elevated leverage and a richer valuation may warrant patience.
TRP expects comparable EBITDA at the upper end of its C$11.6-C$11.8 billion guidance and net capital expenditures of C$5.5-C$6 billion.
TC Energy is upgraded from 'Hold' to 'Buy' based on robust Q2 results and a clear growth outlook. TRP delivered 12% YoY comparable EBITDA growth, driven by high utilization across the U.S., Mexico, and power segments. It maintains a BBB+ credit rating, 4.75x debt/EBITDA, and a 3.8% yield, supporting continued dividend growth.
TC Energy NYSE: TRP said it expects to reach the upper end of its 2026 comparable EBITDA guidance range after reporting 12% year-over-year growth in second-quarter comparable EBITDA, supported by higher pipeline utilization, contributions from projects placed in service and strong performance at Bruce Power.