apricus wealth LLC Has $2.39 Million Stock Holdings in TC Energy Co. (NYSE:TRP)

apricus wealth LLC lowered its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,450 shares of the pipeline company's stock after selling 16,195 shares during the quarter. TC Energy accounts for about 1.6% of apricus wealth LLC's investment portfolio, making the stock its 28th biggest position. apricus wealth LLC's holdings in TC Energy were worth $2,394,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Addenda Capital Inc. increased its position in shares of TC Energy by 4.4% during the 4th 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 in the last quarter. Captrust Financial Advisors increased its holdings in shares of TC Energy by 1.3% during the third quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company's stock worth $871,000 after buying an additional 242 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of TC Energy by 44.8% in the fourth quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company's stock valued at $1,115,000 after acquiring an additional 7,412 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of TC Energy in the 3rd quarter worth approximately $3,771,000. Finally, Harvest Portfolios Group Inc. grew its position in TC Energy by 107.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company's stock worth $10,743,000 after acquiring an additional 117,176 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Trading Up 1.0 %

TRP stock traded up $0.47 during midday trading on Friday, reaching $47.57. The company's stock had a trading volume of 1,256,521 shares, compared to its average volume of 1,732,911. The business's 50-day simple moving average is $47.44 and its 200-day simple moving average is $45.89. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. TC Energy Co. has a 52 week low of $31.83 and a 52 week high of $50.37. The stock has a market cap of $49.43 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 4.45 and a beta of 0.82.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. As a group, sell-side analysts expect that TC Energy Co. will post 2.95 EPS for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.822 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost 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 6.91%. TC Energy's dividend payout ratio is 63.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised TC Energy from a "neutral" rating to an "overweight" rating in a research note on Monday, October 14th. TD Securities began coverage on shares of TC Energy in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. StockNews.com started coverage on shares of TC Energy in a research report on Wednesday, December 4th. They set a "hold" rating on the stock. UBS Group raised shares of TC Energy from a "neutral" rating to a "buy" rating in a report on Monday, September 30th. Finally, Morgan Stanley raised TC Energy from an "underweight" rating to an "overweight" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $55.67.

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.