Deutsche Bank Ag Trimmed Transcanada Corp (TRP) Position by $39.70 Million; Shares Rose

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Deutsche Bank Ag decreased its stake in Transcanada Corp (TRP) by 4.06% based on its latest 2018Q4 regulatory filing with the SEC. Deutsche Bank Ag sold 1.13M shares as the company’s stock rose 11.46% with the market. The institutional investor held 26.80 million shares of the natural gas distribution company at the end of 2018Q4, valued at $956.67 million, down from 27.93M at the end of the previous reported quarter. Deutsche Bank Ag who had been investing in Transcanada Corp for a number of months, seems to be less bullish one the $44.89 billion market cap company. The stock decreased 0.52% or $0.25 during the last trading session, reaching $48.11. About 926,613 shares traded. TC Energy Corporation (NYSE:TRP) has risen 2.75% since May 31, 2018 and is uptrending. It has underperformed by 1.62% the S&P500.

Deutsche Bank Ag, which manages about $141.01 billion US Long portfolio, upped its stake in Charter Communications Inc N by 2.68M shares to 2.68 million shares, valued at $763.33 million in 2018Q4, according to the filing. It also increased its holding in Packaging Corp Amer (NYSE:PKG) by 71,805 shares in the quarter, for a total of 404,707 shares, and has risen its stake in Welbilt Inc.

Analysts await TC Energy Corporation (NYSE:TRP) to report earnings on August, 1. They expect $0.71 EPS, up 7.58 % or $0.05 from last year’s $0.66 per share. TRP’s profit will be $662.51M for 16.94 P/E if the $0.71 EPS becomes a reality. After $0.80 actual EPS reported by TC Energy Corporation for the previous quarter, Wall Street now forecasts -11.25 % negative EPS growth.

More notable recent TC Energy Corporation (NYSE:TRP) news were published by: Fool.ca which released: “Dividends for Life: 3 “Forever Assets” to Provide $999 in TFSA Income – The Motley Fool Canada” on May 09, 2019, also Fool.ca with their article: “Which Pipeline Stock to Buy? Enbridge (TSX:ENB) vs. TC Energy (TSX:TRP)? – The Motley Fool Canada” published on May 07, 2019, Fool.ca published: “Why TransCanada’s Name Change Could Be a Big Move for the Stock – The Motley Fool Canada” on May 08, 2019. More interesting news about TC Energy Corporation (NYSE:TRP) were released by: Fool.ca and their article: “3 Top Dividend Stocks to Buy Right Now and Hold for a Decade – The Motley Fool Canada” published on May 30, 2019 as well as Pehub.com‘s news article titled: “AIMCo to buy 85 pct of Northern Courier Pipeline in $1.15 bln deal – PE Hub” with publication date: May 28, 2019.

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