Financial Counselors Inc. Sells 5,776 Shares of TC Energy Co. (NYSE:TRP)

Financial Counselors Inc. trimmed its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,965 shares of the pipeline company's stock after selling 5,776 shares during the period. Financial Counselors Inc.'s holdings in TC Energy were worth $9,397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in TC Energy in the fourth quarter worth $31,000. Versant Capital Management Inc acquired a new stake in TC Energy during the 4th quarter worth $33,000. Synergy Investment Management LLC bought a new position in TC Energy during the fourth quarter worth about $36,000. Point72 DIFC Ltd bought a new position in TC Energy during the third quarter worth about $39,000. Finally, Millstone Evans Group LLC acquired a new position in TC Energy in the fourth quarter valued at about $41,000. Institutional investors own 83.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com cut TC Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Royal Bank of Canada lifted 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. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Finally, TD Securities initiated coverage on shares of TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.00.

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TC Energy Stock Down 1.8 %

TC Energy stock traded down $0.88 during mid-day trading on Monday, reaching $47.17. The company's stock had a trading volume of 3,660,477 shares, compared to its average volume of 2,664,854. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. TC Energy Co. has a 12 month low of $34.95 and a 12 month high of $50.37. The business's 50 day simple moving average is $46.53 and its 200 day simple moving average is $46.96. The company has a market capitalization of $49.02 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 4.34 and a beta of 0.83.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The company 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 business posted $1.35 EPS. As a group, research analysts anticipate 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. Shareholders of record on Monday, March 31st will be given a dividend of $0.85 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 7.21%. 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.