Crossmark Global Holdings Inc. Has $2.35 Million Stake in TC Energy Co. (NYSE:TRP)

Crossmark Global Holdings Inc. lessened its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 6.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,002 shares of the pipeline company’s stock after selling 4,185 shares during the period. Crossmark Global Holdings Inc.’s holdings in TC Energy were worth $2,350,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRP. New Hampshire Trust boosted its holdings in shares of TC Energy by 3.8% in the first quarter. New Hampshire Trust now owns 7,263 shares of the pipeline company’s stock worth $292,000 after acquiring an additional 269 shares during the period. Glassman Wealth Services grew its position in TC Energy by 61.0% during the fourth quarter. Glassman Wealth Services now owns 726 shares of the pipeline company’s stock worth $28,000 after buying an additional 275 shares in the last quarter. Wealthspire Advisors LLC increased its stake in TC Energy by 2.1% in the 4th quarter. Wealthspire Advisors LLC now owns 14,383 shares of the pipeline company’s stock worth $562,000 after acquiring an additional 300 shares during the last quarter. Financial Advocates Investment Management grew its stake in TC Energy by 5.4% in the 4th quarter. Financial Advocates Investment Management now owns 6,121 shares of the pipeline company’s stock worth $240,000 after buying an additional 316 shares in the last quarter. Finally, Windsor Advisory Group LLC lifted its holdings in shares of TC Energy by 2.5% during the 1st quarter. Windsor Advisory Group LLC now owns 12,831 shares of the pipeline company’s stock worth $516,000 after acquiring an additional 316 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Trading Up 1.2 %

NYSE TRP traded up $0.57 during trading on Friday, hitting $46.32. 2,154,010 shares of the company’s stock traded hands, compared to its average volume of 2,907,434. The firm has a market cap of $48.06 billion, a P/E ratio of 23.89, a PEG ratio of 3.73 and a beta of 0.79. TC Energy Co. has a 12-month low of $32.51 and a 12-month high of $46.40. The stock has a fifty day moving average of $41.46 and a two-hundred day moving average of $39.58. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.76 and a quick ratio of 0.68.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, August 1st. The pipeline company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.29. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.78 billion. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. During the same quarter last year, the business earned $0.71 earnings per share. As a group, sell-side analysts expect that TC Energy Co. will post 3.05 EPS for the current year.

TC Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a $0.702 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.81 annualized dividend and a dividend yield of 6.06%. TC Energy’s payout ratio is presently 144.85%.

Analysts Set New Price Targets

Separately, Barclays raised TC Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.67.

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.