Yousif Capital Management LLC Has $633,000 Stock Holdings in TC Energy Corporation (NYSE:TRP)

Yousif Capital Management LLC trimmed its holdings in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,408 shares of the pipeline company’s stock after selling 2,215 shares during the quarter. Yousif Capital Management LLC’s holdings in TC Energy were worth $633,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC bought a new position in TC Energy during the first quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in TC Energy during the fourth quarter worth $31,000. Synergy Investment Management LLC bought a new position in TC Energy during the fourth quarter worth $36,000. Millstone Evans Group LLC bought a new position in TC Energy during the fourth quarter worth $41,000. Finally, First Command Advisory Services Inc. bought a new position in TC Energy during the fourth quarter worth $46,000. 83.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRP has been the subject of several analyst reports. Cibc World Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, May 2nd. Citigroup assumed coverage on shares of TC Energy in a report on Friday, April 4th. They set a “neutral” rating for the company. Wall Street Zen lowered shares of TC Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, CIBC upgraded shares of TC Energy from a “neutral” rating to a “sector outperform” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

TC Energy Stock Down 0.7%

TC Energy stock opened at $47.40 on Friday. The stock has a market capitalization of $49.28 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 4.59 and a beta of 0.78. TC Energy Corporation has a 12 month low of $37.07 and a 12 month high of $51.99. The business has a 50 day simple moving average of $49.65 and a 200-day simple moving average of $47.68. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.70 and a quick ratio of 0.63.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.04). TC Energy had a return on equity of 11.41% and a net margin of 29.17%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm posted $1.02 EPS. On average, analysts anticipate that TC Energy Corporation will post 2.63 EPS for the current fiscal year.

TC Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.6142 per share. The ex-dividend date is Monday, June 30th. This represents a $2.46 dividend on an annualized basis and a yield of 5.18%. TC Energy’s dividend payout ratio is presently 77.89%.

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.