TD Private Client Wealth LLC Decreases Holdings in TC Energy Co. (NYSE:TRP)

TD Private Client Wealth LLC cut its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,479 shares of the pipeline company’s stock after selling 1,116 shares during the period. TD Private Client Wealth LLC’s holdings in TC Energy were worth $3,004,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. NTV Asset Management LLC raised its stake in TC Energy by 4.0% during the 4th quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company’s stock valued at $288,000 after buying an additional 239 shares during the last quarter. Captrust Financial Advisors raised its stake in TC Energy by 1.3% during the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock valued at $871,000 after buying an additional 242 shares during the last quarter. Lee Financial Co increased its stake in shares of TC Energy by 3.1% in the 4th quarter. Lee Financial Co now owns 8,185 shares of the pipeline company’s stock worth $381,000 after purchasing an additional 246 shares in the last quarter. IFP Advisors Inc increased its stake in shares of TC Energy by 7.0% in the 4th quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company’s stock worth $177,000 after purchasing an additional 249 shares in the last quarter. Finally, Prospera Financial Services Inc increased its stake in shares of TC Energy by 4.8% in the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company’s stock worth $274,000 after purchasing an additional 262 shares in the last quarter. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

TC Energy Stock Down 1.5 %

Shares of NYSE:TRP opened at $48.45 on Friday. 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 Co. has a 12 month low of $34.95 and a 12 month high of $50.37. The company has a 50-day moving average price of $46.33 and a 200 day moving average price of $46.87. The company has a market cap of $50.34 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 4.34 and a beta of 0.83.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 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 firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm earned $1.35 EPS. As a group, equities research analysts predict that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.85 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Monday, March 31st. TC Energy’s dividend payout ratio is 72.53%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRP. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. TD Securities began coverage on TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. StockNews.com lowered TC Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada increased their price target on TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TC Energy presently has an average rating of “Moderate Buy” and a consensus price target 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.