TC Energy Co. (NYSE:TRP) Shares Sold by United Services Automobile Association

United Services Automobile Association trimmed its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,927 shares of the pipeline company’s stock after selling 803 shares during the period. United Services Automobile Association’s holdings in TC Energy were worth $1,579,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRP. Vanguard Group Inc. raised its stake in shares of TC Energy by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 43,687,141 shares of the pipeline company’s stock valued at $2,035,952,000 after acquiring an additional 734,678 shares during the period. LPL Financial LLC increased its holdings in TC Energy by 8.9% in the 4th quarter. LPL Financial LLC now owns 911,009 shares of the pipeline company’s stock valued at $42,389,000 after purchasing an additional 74,391 shares in the last quarter. Guardian Partners Inc. acquired a new stake in TC Energy in the 4th quarter valued at $8,614,000. Hillsdale Investment Management Inc. raised its position in TC Energy by 1,273.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 369,221 shares of the pipeline company’s stock valued at $17,188,000 after purchasing an additional 342,332 shares during the period. Finally, Sei Investments Co. boosted its position in shares of TC Energy by 8.7% in the fourth quarter. Sei Investments Co. now owns 45,239 shares of the pipeline company’s stock worth $2,105,000 after buying an additional 3,636 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on TRP shares. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. TD Securities initiated coverage on shares of TC Energy in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. StockNews.com downgraded shares of TC Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Royal Bank of Canada raised their price target on shares of TC Energy from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

TC Energy Trading Down 1.5 %

NYSE TRP opened at $48.45 on Monday. The company has a market capitalization of $50.34 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. TC Energy Co. has a 12 month low of $34.95 and a 12 month high of $50.37. The company’s fifty day moving average price is $46.33 and its two-hundred day moving average price is $46.87.

TC Energy (NYSE:TRP) (TSE:TRP) last announced 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. TC Energy had a return on equity of 12.12% and a net margin of 29.40%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share. As a group, research analysts predict that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a dividend yield of 7.02%. TC Energy’s dividend payout ratio is 72.53%.

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.