Aviso Financial Inc. Sells 20,829 Shares of TC Energy Co. (NYSE:TRP)

Aviso Financial Inc. lessened its holdings in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,658 shares of the pipeline company's stock after selling 20,829 shares during the quarter. Aviso Financial Inc.'s holdings in TC Energy were worth $11,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Achmea Investment Management B.V. acquired a new position in shares of TC Energy during the 4th quarter worth approximately $19,969,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in TC Energy by 6.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,175,940 shares of the pipeline company's stock worth $333,993,000 after purchasing an additional 405,965 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of TC Energy by 9.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 9,564 shares of the pipeline company's stock valued at $445,000 after purchasing an additional 829 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of TC Energy by 51.4% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 4,842,255 shares of the pipeline company's stock valued at $225,310,000 after purchasing an additional 1,644,115 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of TC Energy by 5.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,177 shares of the pipeline company's stock worth $474,000 after buying an additional 526 shares during the last quarter. Institutional investors own 83.13% of the company's stock.

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Analyst Upgrades and Downgrades

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

TC Energy Price Performance

NYSE TRP traded down $0.03 on Tuesday, hitting $47.72. 2,504,170 shares of the company's stock were exchanged, compared to its average volume of 2,561,413. The stock has a 50-day moving average of $46.26 and a 200-day moving average of $46.82. The stock has a market cap of $49.59 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 4.34 and a beta of 0.83. TC Energy Co. has a 52 week low of $34.95 and a 52 week high of $50.37. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, topping 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 business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the company earned $1.35 EPS. Analysts expect that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.85 per share. The ex-dividend date 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 7.12%. TC Energy's 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.