TC Energy Co. (NYSE:TRP) is Heathbridge Capital Management Ltd.’s 3rd Largest Position

Heathbridge Capital Management Ltd. decreased its holdings in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 416,062 shares of the pipeline company’s stock after selling 98,513 shares during the period. TC Energy makes up approximately 7.7% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 3rd largest position. Heathbridge Capital Management Ltd.’s holdings in TC Energy were worth $19,370,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Lee Financial Co lifted its stake in shares of TC Energy by 3.1% in the 4th quarter. Lee Financial Co now owns 8,185 shares of the pipeline company’s stock valued at $381,000 after purchasing an additional 246 shares during the last quarter. Allworth Financial LP grew its holdings in shares of TC Energy by 72.2% in the fourth quarter. Allworth Financial LP now owns 1,941 shares of the pipeline company’s stock valued at $92,000 after purchasing an additional 814 shares in the last quarter. Roxbury Financial LLC purchased a new stake in TC Energy during the 4th quarter worth approximately $280,000. Guyasuta Investment Advisors Inc. boosted its position in TC Energy by 4.6% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 6,800 shares of the pipeline company’s stock valued at $316,000 after buying an additional 300 shares during the period. Finally, Quaero Capital S.A. acquired a new position in shares of TC Energy in the fourth quarter worth $1,222,000. 83.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TRP. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. BMO Capital Markets raised their target price on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Morgan Stanley upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. TD Securities began coverage on TC Energy in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, StockNews.com started coverage on shares of TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.00.

TC Energy Stock Down 2.8 %

Shares of TC Energy stock opened at $46.05 on Friday. TC Energy Co. has a one year low of $31.83 and a one year high of $50.37. The company has a market cap of $47.85 billion, a P/E ratio of 12.76, a PEG ratio of 4.45 and a beta of 0.81. 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 has a fifty day moving average of $46.61 and a two-hundred day moving average of $46.52.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.54. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company posted $1.35 earnings per share. On average, analysts forecast that TC Energy Co. will post 2.92 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.85 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a dividend yield of 7.38%. TC Energy’s dividend payout ratio (DPR) is currently 63.43%.

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.