Fiera Capital Corp Sells 56,473 Shares of TC Energy Co. (NYSE:TRP)

Fiera Capital Corp reduced its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 673,668 shares of the pipeline company's stock after selling 56,473 shares during the period. Fiera Capital Corp owned about 0.06% of TC Energy worth $31,361,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRP. Addenda Capital Inc. grew its holdings in shares of TC Energy by 4.4% in the fourth quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company's stock valued at $48,135,000 after acquiring an additional 43,639 shares in the last quarter. Captrust Financial Advisors lifted its position 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 acquiring an additional 242 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of TC Energy by 44.8% during the fourth quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company's stock worth $1,115,000 after acquiring an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of TC Energy in the third quarter worth $3,771,000. Finally, Harvest Portfolios Group Inc. raised its position in shares of TC Energy by 107.7% in the third quarter. Harvest Portfolios Group Inc. now owns 226,007 shares of the pipeline company's stock worth $10,743,000 after buying an additional 117,176 shares in the last quarter. 83.13% of the stock is owned by institutional investors.

TC Energy Stock Down 2.8 %

Shares of TRP stock traded down $1.35 during trading hours on Monday, hitting $46.05. 3,448,624 shares of the company's stock traded hands, compared to its average volume of 2,186,209. The stock's fifty day simple moving average is $46.61 and its two-hundred day simple moving average is $46.58. TC Energy Co. has a 12-month low of $31.83 and a 12-month high of $50.37. The stock has a market cap of $47.85 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 4.45 and a beta of 0.81. 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 (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 analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the business earned $1.35 EPS. On average, analysts expect that TC Energy Co. will post 2.92 EPS for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 7.38%. This is an increase from TC Energy's previous quarterly dividend of $0.82. TC Energy's payout ratio is 63.43%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRP. Morgan Stanley upgraded TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. StockNews.com began coverage on TC Energy in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. TD Securities initiated coverage on TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of TC Energy from $38.00 to $42.00 and gave the stock a "sell" rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.00.

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.