Capital International Inc. CA Sells 19,927 Shares of TC Energy Co. (NYSE:TRP)

Capital International Inc. CA decreased its position in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 446,627 shares of the pipeline company's stock after selling 19,927 shares during the period. Capital International Inc. CA's holdings in TC Energy were worth $20,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in TC Energy in the 4th quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in TC Energy during the 4th quarter worth $33,000. Synergy Investment Management LLC bought a new position in TC Energy in the 4th quarter valued at $36,000. Millstone Evans Group LLC bought a new stake in TC Energy during the 4th quarter worth about $41,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of TC Energy during the 4th quarter worth approximately $46,000. Institutional investors own 83.13% of the company's stock.

TC Energy Stock Down 0.2 %

NYSE TRP traded down $0.08 during trading hours on Friday, reaching $49.42. 4,709,567 shares of the company's stock were exchanged, compared to its average volume of 2,581,027. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55. The company has a market capitalization of $51.38 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The company's 50-day moving average is $46.97 and its two-hundred day moving average is $47.12. TC Energy Co. has a one year low of $35.38 and a one year high of $50.37.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data 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. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same quarter in the prior year, the firm earned $1.35 earnings per share. On average, analysts forecast that TC Energy Co. will post 2.63 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.85 dividend. This is an increase from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 6.88%. TC Energy's dividend payout ratio (DPR) is currently 72.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRP shares. StockNews.com cut shares of TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. TD Securities started coverage on TC Energy in a research note on Wednesday, January 15th. They set a "buy" rating for the company. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Citigroup started coverage on TC Energy in a research report on Friday, April 4th. They set a "neutral" rating for the company. Finally, Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

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.