Lincluden Management Ltd. Cuts Holdings in TC Energy Co. (NYSE:TRP)

Lincluden Management Ltd. decreased its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,054,407 shares of the pipeline company's stock after selling 164,440 shares during the period. TC Energy comprises about 5.9% of Lincluden Management Ltd.'s holdings, making the stock its 3rd largest holding. Lincluden Management Ltd. owned about 0.10% of TC Energy worth $49,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC bought a new stake in shares of TC Energy during the third quarter worth about $28,000. Blue Trust Inc. boosted its position in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock worth $30,000 after buying an additional 267 shares during the period. Versant Capital Management Inc bought a new stake in TC Energy during the 4th quarter worth approximately $33,000. Point72 DIFC Ltd acquired a new position in TC Energy in the 3rd quarter valued at approximately $39,000. Finally, UMB Bank n.a. bought a new position in shares of TC Energy during the fourth quarter valued at $47,000. Institutional investors and hedge funds own 83.13% of the company's stock.

TC Energy Trading Up 0.8 %

TRP stock traded up $0.35 during mid-day trading on Friday, reaching $44.69. The company's stock had a trading volume of 2,216,768 shares, compared to its average volume of 2,070,348. TC Energy Co. has a 12 month low of $31.83 and a 12 month 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. The business's 50 day moving average price is $46.38 and its 200 day moving average price is $46.66. The company has a market cap of $46.43 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.81.

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 EPS for the quarter, topping 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 company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $1.35 EPS. On average, equities research analysts predict that TC Energy Co. will post 2.63 EPS 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 paid a $0.85 dividend. This is an increase from TC Energy's previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 7.61%. The ex-dividend date is Monday, March 31st. TC Energy's payout ratio is 71.91%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRP. StockNews.com raised shares of TC Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. BMO Capital Markets raised their price objective on TC Energy from $66.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Finally, TD Securities started coverage on shares of TC Energy in a report on Wednesday, January 15th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.00.

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.