Capital International Sarl Sells 89,698 Shares of TC Energy Corporation $TRP

Capital International Sarl lowered its position in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 57.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,048 shares of the pipeline company’s stock after selling 89,698 shares during the quarter. Capital International Sarl’s holdings in TC Energy were worth $3,693,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TRP. AQR Capital Management LLC boosted its position in TC Energy by 54.0% during the first quarter. AQR Capital Management LLC now owns 11,099 shares of the pipeline company’s stock valued at $538,000 after acquiring an additional 3,892 shares during the last quarter. Focus Partners Wealth boosted its position in TC Energy by 46.1% during the first quarter. Focus Partners Wealth now owns 12,446 shares of the pipeline company’s stock valued at $588,000 after acquiring an additional 3,929 shares during the last quarter. Intech Investment Management LLC boosted its position in TC Energy by 200.7% during the first quarter. Intech Investment Management LLC now owns 26,878 shares of the pipeline company’s stock valued at $1,269,000 after acquiring an additional 17,939 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in TC Energy by 50.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the pipeline company’s stock valued at $181,000 after acquiring an additional 1,243 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of TC Energy by 9.9% during the 2nd quarter. Guggenheim Capital LLC now owns 16,758 shares of the pipeline company’s stock worth $818,000 after purchasing an additional 1,511 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

TC Energy Price Performance

TRP stock opened at $68.73 on Monday. The stock has a market capitalization of $68.73 billion, a PE ratio of 29.83 and a beta of 0.66. The company’s 50-day moving average is $65.10 and its 200-day moving average is $60.57. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.65 and a quick ratio of 0.57. TC Energy Corporation has a 1 year low of $46.29 and a 1 year high of $71.47.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business posted $0.95 EPS. Equities research analysts expect that TC Energy Corporation will post 2.75 EPS for the current fiscal year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th. TC Energy’s dividend payout ratio is currently 109.57%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TRP shares. Royal Bank Of Canada increased their price objective on shares of TC Energy from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Barclays reissued an “overweight” rating on shares of TC Energy in a research report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating on shares of TC Energy in a research report on Monday, May 4th. Citigroup reissued a “neutral” rating on shares of TC Energy in a research report on Thursday, February 19th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of TC Energy in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

TC Energy Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long?distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.