TC Energy Co. (NYSE:TRP) Stock Holdings Lowered by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD decreased its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,183,645 shares of the pipeline company's stock after selling 2,210,119 shares during the quarter. TC Energy comprises approximately 3.4% of Mondrian Investment Partners LTD's portfolio, making the stock its 6th biggest holding. Mondrian Investment Partners LTD owned about 0.40% of TC Energy worth $194,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Addenda Capital Inc. increased its holdings in shares of TC Energy by 4.4% in the 4th quarter. Addenda Capital Inc. now owns 1,034,497 shares of the pipeline company's stock valued at $48,135,000 after purchasing an additional 43,639 shares in the last quarter. Captrust Financial Advisors grew its position in 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 buying an additional 242 shares during the period. Ritholtz Wealth Management increased its holdings in TC Energy by 44.8% in the fourth quarter. Ritholtz Wealth Management now owns 23,957 shares of the pipeline company's stock valued at $1,115,000 after buying an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of TC Energy during the 3rd quarter valued at approximately $3,771,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of TC Energy by 7.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,034,698 shares of the pipeline company's stock worth $48,144,000 after acquiring an additional 71,955 shares in the last quarter. Institutional investors and hedge funds own 83.13% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TRP shares. Royal Bank of Canada raised their price objective on 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 research 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. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, BMO Capital Markets increased their price target on shares of TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

TC Energy Trading Down 0.1 %

Shares of NYSE TRP traded down $0.03 during midday trading on Tuesday, reaching $47.72. 2,504,170 shares of the stock were exchanged, compared to its average volume of 2,561,413. The stock has a 50 day moving average price of $46.26 and a 200-day moving average price of $46.82. 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 company has a market capitalization of $49.59 billion, a P/E ratio of 14.73, a P/E/G ratio of 4.34 and a beta of 0.83. TC Energy Co. has a 52-week low of $34.95 and a 52-week high of $50.37.

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

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 7.12%. This is an increase 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 72.53%.

About TC Energy

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.