TC Energy Co. (NYSE:TRP) Shares Sold by Guardian Capital LP

Guardian Capital LP reduced its position in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 287,117 shares of the pipeline company’s stock after selling 9,010 shares during the quarter. Guardian Capital LP’s holdings in TC Energy were worth $13,374,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of TC Energy by 19.9% during the 3rd quarter. Barclays PLC now owns 528,528 shares of the pipeline company’s stock worth $25,132,000 after purchasing an additional 87,885 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in TC Energy in the 3rd quarter worth approximately $186,000. Centerstone Investors LLC boosted its holdings in shares of TC Energy by 3.4% in the 3rd quarter. Centerstone Investors LLC now owns 328,440 shares of the pipeline company’s stock valued at $14,550,000 after purchasing an additional 10,890 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of TC Energy by 58.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,769 shares of the pipeline company’s stock valued at $409,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of TC Energy in the 4th quarter valued at $33,000. 83.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TRP shares. Citigroup initiated coverage on shares of TC Energy in a report on Friday, April 4th. They set a “neutral” rating on the stock. StockNews.com lowered TC Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada lifted their target price on TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

TC Energy Trading Down 0.1 %

Shares of TRP stock opened at $50.22 on Wednesday. TC Energy Co. has a 1 year low of $35.38 and a 1 year high of $50.47. The firm’s fifty day simple moving average is $47.22 and its 200 day simple moving average is $47.23. The firm has a market capitalization of $52.21 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the company posted $1.35 EPS. As a group, sell-side analysts predict that TC Energy Co. will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.85 dividend. The ex-dividend date is Monday, March 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a yield of 6.77%. TC Energy’s dividend payout ratio (DPR) is presently 72.84%.

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.