Stifel Financial Corp Has $15.53 Million Holdings in TC Energy Co. (NYSE:TRP)

Stifel Financial Corp decreased its position in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 333,762 shares of the pipeline company's stock after selling 25,262 shares during the period. Stifel Financial Corp's holdings in TC Energy were worth $15,530,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Barclays PLC grew its position in shares of TC Energy by 19.9% during the 3rd quarter. Barclays PLC now owns 528,528 shares of the pipeline company's stock worth $25,132,000 after buying an additional 87,885 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in TC Energy in the third quarter worth $186,000. Centerstone Investors LLC increased its stake in TC Energy by 3.4% in the third quarter. Centerstone Investors LLC now owns 328,440 shares of the pipeline company's stock valued at $14,550,000 after purchasing an additional 10,890 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of TC Energy by 58.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,769 shares of the pipeline company's stock valued at $409,000 after purchasing an additional 3,218 shares during the period. Finally, Versant Capital Management Inc bought a new position in shares of TC Energy during the 4th quarter worth about $33,000. Institutional investors own 83.13% of the company's stock.

Analyst Upgrades and Downgrades

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

TC Energy Trading Up 0.2 %

Shares of TRP stock opened at $49.61 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The company has a market capitalization of $51.58 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 4.34 and a beta of 0.74. TC Energy Co. has a 52-week low of $35.38 and a 52-week high of $50.37. The company has a 50-day simple moving average of $47.03 and a two-hundred day simple moving average of $47.16.

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

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 6.85%. This is a boost from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. TC Energy's payout ratio is presently 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.

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