Capital International Inc. CA Has $20.80 Million Stock Position in TC Energy Co. (NYSE:TRP)

Capital International Inc. CA decreased its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 446,627 shares of the pipeline company's stock after selling 19,927 shares during the quarter. Capital International Inc. CA's holdings in TC Energy were worth $20,804,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRP. NTV Asset Management LLC boosted its stake in TC Energy by 4.0% in the fourth quarter. NTV Asset Management LLC now owns 6,189 shares of the pipeline company's stock valued at $288,000 after acquiring an additional 239 shares during the period. Lee Financial Co lifted its holdings in shares of TC Energy by 3.1% in the 4th quarter. Lee Financial Co now owns 8,185 shares of the pipeline company's stock worth $381,000 after purchasing an additional 246 shares during the last quarter. IFP Advisors Inc boosted its position in TC Energy by 7.0% during the 4th quarter. IFP Advisors Inc now owns 3,809 shares of the pipeline company's stock valued at $177,000 after purchasing an additional 249 shares during the period. Global Retirement Partners LLC grew its stake in TC Energy by 7.2% during the 4th quarter. Global Retirement Partners LLC now owns 4,099 shares of the pipeline company's stock worth $191,000 after buying an additional 274 shares during the last quarter. Finally, Cohen Investment Advisors LLC increased its position in TC Energy by 2.9% in the fourth quarter. Cohen Investment Advisors LLC now owns 9,831 shares of the pipeline company's stock worth $457,000 after buying an additional 279 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. TD Securities assumed coverage on shares of TC Energy in a report on Wednesday, January 15th. They issued a "buy" rating for the company. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Citigroup assumed coverage on TC Energy in a research report on Friday, April 4th. They issued a "neutral" rating for the company. Finally, StockNews.com cut TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Price Performance

Shares of NYSE TRP traded down $0.09 during mid-day trading on Wednesday, reaching $48.92. The company had a trading volume of 1,669,824 shares, compared to its average volume of 2,576,987. The company has a 50-day moving average price of $46.84 and a two-hundred day moving average price of $47.07. The stock has a market cap of $50.84 billion, a PE ratio of 15.10, a P/E/G ratio of 4.34 and a beta of 0.74. 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 Co. has a 1-year low of $35.38 and a 1-year high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. On average, equities analysts anticipate that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently declared 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 represents a $3.40 dividend on an annualized basis and a dividend yield of 6.95%. This is an increase from TC Energy's previous quarterly dividend of $0.82. TC Energy's dividend payout ratio (DPR) is currently 72.84%.

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.