TC Energy Co. (NYSE:TRP) Stock Holdings Trimmed by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 23.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,564 shares of the pipeline company’s stock after selling 2,592 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in TC Energy were worth $398,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Addenda Capital Inc. lifted its stake in TC Energy by 4.4% during the fourth quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company’s stock worth $48,135,000 after purchasing an additional 43,639 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock worth $871,000 after buying an additional 242 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of TC Energy by 44.8% in the 4th quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company’s stock valued at $1,115,000 after buying an additional 7,412 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in TC Energy during the third quarter worth about $3,771,000. Finally, Exchange Traded Concepts LLC raised its stake in TC Energy by 7.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,034,698 shares of the pipeline company’s stock worth $48,144,000 after acquiring an additional 71,955 shares during the period. Institutional investors own 83.13% of the company’s stock.

TC Energy Stock Performance

Shares of TRP opened at $47.17 on Tuesday. The firm has a market capitalization of $49.02 billion, a PE ratio of 14.56, a P/E/G ratio of 4.34 and a beta of 0.83. The company has a quick ratio of 1.23, a current ratio of 0.55 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average price of $46.53 and a 200 day moving average price of $46.96. TC Energy Co. has a 52-week low of $34.95 and a 52-week high of $50.37.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.54. The business 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 last year, the firm posted $1.35 earnings per share. On average, sell-side analysts anticipate that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.85 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 7.21%. TC Energy’s dividend payout ratio is 72.53%.

Wall Street Analyst Weigh In

TRP has been the subject of several recent research reports. Royal Bank of Canada upped their target price on TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. TD Securities started coverage on TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. StockNews.com downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Finally, US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has a consensus 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.