Anson Funds Management LP Sells 24,907 Shares of TC Energy Co. (NYSE:TRP)

Anson Funds Management LP decreased its position in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 31.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,136 shares of the pipeline company's stock after selling 24,907 shares during the period. Anson Funds Management LP's holdings in TC Energy were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Zurich Insurance Group Ltd FI bought a new stake in TC Energy during the 3rd quarter worth about $73,162,000. Kovitz Investment Group Partners LLC bought a new stake in shares of TC Energy during the third quarter valued at approximately $577,000. Wellington Management Group LLP grew its stake in shares of TC Energy by 102.7% during the third quarter. Wellington Management Group LLP now owns 98,846 shares of the pipeline company's stock valued at $4,704,000 after purchasing an additional 50,088 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of TC Energy by 0.6% during the third quarter. Two Sigma Advisers LP now owns 314,100 shares of the pipeline company's stock valued at $14,935,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Soros Fund Management LLC acquired a new stake in shares of TC Energy in the third quarter valued at approximately $7,132,000. Institutional investors own 83.13% of the company's stock.

Analyst Upgrades and Downgrades

TRP has been the topic of several research reports. StockNews.com began coverage on TC Energy in a research note on Wednesday. They set a "hold" rating on the stock. Morgan Stanley upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upgraded shares of TC Energy from a "neutral" rating to an "overweight" rating in a research report on Monday, October 14th. Veritas raised shares of TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. Finally, UBS Group raised shares of TC Energy from a "neutral" rating to a "buy" rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, TC Energy presently has an average rating of "Hold" and a consensus target price of $55.67.

TC Energy Trading Down 1.4 %

NYSE:TRP traded down $0.70 during trading hours on Friday, hitting $48.25. The stock had a trading volume of 1,702,276 shares, compared to its average volume of 1,940,762. The business's 50 day moving average is $47.62 and its 200-day moving average is $43.96. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The company has a market cap of $50.08 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 4.09 and a beta of 0.82. TC Energy Co. has a one year low of $31.83 and a one year high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. Sell-side analysts anticipate that TC Energy Co. will post 3 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.822 per share. The ex-dividend date is Tuesday, December 31st. This is an increase from TC Energy's previous quarterly dividend of $0.70. This represents a $3.29 dividend on an annualized basis and a dividend yield of 6.81%. TC Energy's dividend payout ratio (DPR) is presently 78.95%.

TC Energy Company 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.