Evergreen Capital Management LLC Has $2.09 Million Stock Position in TC Energy Co. (NYSE:TRP)

Evergreen Capital Management LLC trimmed its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 7.8% in the fourth quarter, Holdings Channel reports. The fund owned 45,008 shares of the pipeline company’s stock after selling 3,816 shares during the period. Evergreen Capital Management LLC’s holdings in TC Energy were worth $2,094,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in TC Energy during the 4th quarter worth about $31,000. Versant Capital Management Inc bought a new position in shares of TC Energy during the fourth quarter worth about $33,000. Synergy Investment Management LLC acquired a new stake in TC Energy in the 4th quarter valued at approximately $36,000. Millstone Evans Group LLC bought a new stake in TC Energy in the 4th quarter valued at approximately $41,000. Finally, First Command Advisory Services Inc. acquired a new position in TC Energy during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Stock Performance

TRP opened at $49.44 on Friday. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy Co. has a 12-month low of $34.95 and a 12-month high of $50.37. The business has a 50 day moving average of $46.73 and a 200-day moving average of $46.99. The stock has a market cap of $51.39 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 4.34 and a beta of 0.74.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.54. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same period in the previous year, the business posted $1.35 earnings per share. On average, equities research analysts expect that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.85 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is Monday, March 31st. TC Energy’s dividend payout ratio is currently 72.84%.

Analyst Upgrades and Downgrades

TRP has been the topic of a number of recent research reports. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. StockNews.com cut TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Citigroup started coverage on TC Energy in a report on Friday, April 4th. They set a “neutral” rating on the stock. Finally, TD Securities began coverage on TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

TC Energy 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.