Dakota Community Bank & Trust NA Has $164,000 Stock Position in TC Energy Co. (NYSE:TRP)

Dakota Community Bank & Trust NA lessened its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,514 shares of the pipeline company’s stock after selling 335 shares during the period. Dakota Community Bank & Trust NA’s holdings in TC Energy were worth $164,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its position in shares of TC Energy by 107.1% in the second quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company’s stock worth $737,609,000 after buying an additional 10,065,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of TC Energy by 156.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock valued at $321,778,000 after acquiring an additional 4,126,801 shares in the last quarter. Merewether Investment Management LP acquired a new stake in TC Energy in the 2nd quarter worth approximately $112,618,000. Marshall Wace LLP boosted its position in TC Energy by 841.1% during the second quarter. Marshall Wace LLP now owns 2,040,863 shares of the pipeline company’s stock worth $77,349,000 after purchasing an additional 1,824,008 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in TC Energy during the third quarter valued at approximately $73,162,000. 83.13% of the stock is currently owned by institutional investors.

TC Energy Stock Performance

NYSE:TRP opened at $47.39 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The firm’s 50-day moving average is $47.61 and its 200-day moving average is $45.49. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.37. The company has a market cap of $49.23 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 4.31 and a beta of 0.82.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. Equities research analysts anticipate that TC Energy Co. will post 2.95 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.822 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 6.94%. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio is presently 63.43%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their price target on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research report on Monday, October 21st. Veritas upgraded TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Finally, TD Securities initiated coverage on TC Energy in a research note on Wednesday. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and a consensus target price of $55.67.

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.