Gulf International Bank UK Ltd Has $246,000 Stock Position in TC Energy Co. (NYSE:TRP)

Gulf International Bank UK Ltd decreased its stake in shares of TC Energy Co. (NYSE:TRPFree Report) (TSE:TRP) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,313 shares of the pipeline company’s stock after selling 700 shares during the quarter. Gulf International Bank UK Ltd’s holdings in TC Energy were worth $246,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRP. Bruce G. Allen Investments LLC acquired a new position in shares of TC Energy during the 4th quarter worth approximately $26,000. Hexagon Capital Partners LLC increased its holdings in shares of TC Energy by 158.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,085 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 665 shares during the last quarter. Money Concepts Capital Corp increased its holdings in shares of TC Energy by 149.1% during the 4th quarter. Money Concepts Capital Corp now owns 949 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 568 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of TC Energy during the 1st quarter worth approximately $41,000. Finally, Peoples Bank KS acquired a new position in shares of TC Energy during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Stock Performance

NYSE:TRP opened at $40.50 on Tuesday. The stock has a fifty day moving average price of $39.37 and a 200-day moving average price of $37.71. The company has a market cap of $40.50 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 3.38 and a beta of 0.75. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 0.96. TC Energy Co. has a fifty-two week low of $32.51 and a fifty-two week high of $42.76.

TC Energy (NYSE:TRPGet Free Report) (TSE:TRP) last released its earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.93 billion. TC Energy had a return on equity of 18.60% and a net margin of 18.25%. As a group, equities analysts anticipate that TC Energy Co. will post 2.99 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.714 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.05%. This is a boost from TC Energy’s previous quarterly dividend of $0.67. TC Energy’s payout ratio is 138.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TheStreet raised TC Energy from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. The Goldman Sachs Group boosted their price target on TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Stifel Nicolaus started coverage on TC Energy in a research note on Thursday, January 18th. They issued a “buy” rating for the company. Jefferies Financial Group started coverage on TC Energy in a research note on Tuesday, February 27th. They issued a “hold” rating for the company. Finally, Barclays boosted their price target on TC Energy from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.83.

Read Our Latest Stock Report on TRP

TC Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TC Energy (NYSE:TRP)

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