TC Energy Co. (NYSE:TRP) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 43.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,819 shares of the pipeline company's stock after selling 27,183 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in TC Energy were worth $1,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in TC Energy in the 1st quarter valued at about $104,000. Atomi Financial Group Inc. purchased a new position in shares of TC Energy during the 1st quarter worth approximately $219,000. Windsor Advisory Group LLC increased its holdings in TC Energy by 2.5% in the 1st quarter. Windsor Advisory Group LLC now owns 12,831 shares of the pipeline company's stock valued at $516,000 after purchasing an additional 316 shares during the last quarter. M&G Plc purchased a new stake in TC Energy in the first quarter valued at approximately $111,587,000. Finally, Intech Investment Management LLC acquired a new position in TC Energy during the first quarter worth $1,159,000. Hedge funds and other institutional investors own 83.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TRP shares. Morgan Stanley raised TC Energy from an "underweight" rating to an "overweight" rating in a research note on Friday, October 25th. StockNews.com initiated coverage on shares of TC Energy in a research note on Saturday, October 5th. They set a "hold" rating on the stock. JPMorgan Chase & Co. upgraded TC Energy from a "neutral" rating to an "overweight" rating in a report on Monday, October 14th. Barclays raised TC Energy from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, July 17th. Finally, UBS Group raised shares of TC Energy from a "neutral" rating to a "buy" rating in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.50.

TC Energy Stock Up 0.8 %

TRP stock traded up $0.40 during midday trading on Thursday, reaching $48.84. 2,212,241 shares of the company were exchanged, compared to its average volume of 3,090,301. The company has a market cap of $50.69 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 4.06 and a beta of 0.81. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. TC Energy Co. has a 1-year low of $31.83 and a 1-year high of $50.22. The stock's 50-day simple moving average is $46.78 and its 200 day simple moving average is $42.59.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last announced its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. On average, equities analysts forecast that TC Energy Co. will post 2.98 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.822 dividend. The ex-dividend date of this dividend 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 6.73%. TC Energy's dividend payout ratio is 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.