TC Energy Co. (NYSE:TRP) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc trimmed its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,360 shares of the pipeline company’s stock after selling 26,150 shares during the period. TC Energy comprises 1.0% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 25th largest position. K.J. Harrison & Partners Inc’s holdings in TC Energy were worth $6,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in TC Energy by 14.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,315 shares of the pipeline company’s stock valued at $80,000 after buying an additional 288 shares in the last quarter. AdvisorNet Financial Inc lifted its position in TC Energy by 25.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,483 shares of the pipeline company’s stock valued at $58,000 after buying an additional 304 shares in the last quarter. Wealth Alliance lifted its position in TC Energy by 1.4% during the fourth quarter. Wealth Alliance now owns 22,531 shares of the pipeline company’s stock valued at $881,000 after buying an additional 304 shares in the last quarter. Atria Investments Inc lifted its position in TC Energy by 0.7% during the third quarter. Atria Investments Inc now owns 46,620 shares of the pipeline company’s stock valued at $1,604,000 after buying an additional 317 shares in the last quarter. Finally, Ingalls & Snyder LLC lifted its position in TC Energy by 5.8% during the third quarter. Ingalls & Snyder LLC now owns 9,150 shares of the pipeline company’s stock valued at $315,000 after buying an additional 500 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

TC Energy Stock Down 0.1 %

TRP traded down $0.02 during trading on Friday, hitting $36.07. The company had a trading volume of 2,934,696 shares, compared to its average volume of 3,033,185. The company has a market cap of $36.07 billion, a PE ratio of 17.77, a P/E/G ratio of 3.11 and a beta of 0.75. The business has a 50-day moving average of $38.83 and a 200-day moving average of $38.04. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.96 and a quick ratio of 0.88. TC Energy Co. has a 1-year low of $32.51 and a 1-year high of $42.49.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.20. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.93 billion. As a group, analysts forecast that TC Energy Co. will post 2.89 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.714 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, March 27th. This represents a $2.86 annualized dividend and a yield of 7.92%. TC Energy’s payout ratio is presently 139.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TRP. Barclays boosted their target price on shares of TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Jefferies Financial Group began coverage on shares of TC Energy in a research report on Tuesday, February 27th. They set a “hold” rating on the stock. The Goldman Sachs Group boosted their target price on shares of TC Energy from $29.00 to $32.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. TheStreet raised shares of TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Finally, Stifel Nicolaus began coverage on shares of TC Energy in a research report on Thursday, January 18th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.83.

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.