Fiera Capital Corp Lowers Stake in TC Energy Co. (NYSE:TRP)

Fiera Capital Corp reduced its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 14.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 730,141 shares of the pipeline company's stock after selling 122,036 shares during the quarter. Fiera Capital Corp owned 0.07% of TC Energy worth $31,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRP. EdgeRock Capital LLC bought a new stake in shares of TC Energy during the second quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of TC Energy by 138.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company's stock valued at $28,000 after buying an additional 429 shares during the period. Fortitude Family Office LLC bought a new stake in shares of TC Energy during the third quarter valued at about $28,000. Blue Trust Inc. increased its position in shares of TC Energy by 72.0% during the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company's stock valued at $30,000 after buying an additional 267 shares during the period. Finally, Mather Group LLC. bought a new position in shares of TC Energy in the second quarter worth approximately $33,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRP has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of TC Energy from a "neutral" rating to an "overweight" rating in a research report on Monday, October 14th. StockNews.com began coverage on shares of TC Energy in a research report on Saturday, October 5th. They set a "hold" rating on the stock. UBS Group upgraded shares of TC Energy from a "neutral" rating to a "buy" rating in a research report on Monday, September 30th. Veritas upgraded shares of TC Energy to a "strong sell" rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price objective on TC Energy from $38.00 to $42.00 and gave the company a "sell" rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TC Energy has an average rating of "Hold" and a consensus target price of $48.50.

TC Energy Trading Down 1.9 %

Shares of NYSE:TRP traded down $0.92 during trading on Friday, reaching $48.76. 2,259,810 shares of the company traded hands, compared to its average volume of 3,117,135. The business's fifty day moving average is $46.64 and its 200-day moving average is $42.28. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.22. The firm has a market capitalization of $50.61 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 4.00 and a beta of 0.81. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 1.57.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. TC Energy had a return on equity of 16.97% and a net margin of 21.31%. As a group, analysts forecast that TC Energy Co. will post 3.02 EPS for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.822 dividend. This represents a $3.29 annualized dividend and a yield of 6.74%. This is a boost from TC Energy's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, December 31st. TC Energy's dividend payout ratio (DPR) is presently 116.80%.

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.