UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $24.91 Million Holdings in TC Energy Co. (NYSE:TRP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 29.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,256 shares of the pipeline company's stock after selling 222,177 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of TC Energy worth $24,905,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRP. SBI Securities Co. Ltd. bought a new position in TC Energy during the fourth quarter valued at about $31,000. Synergy Investment Management LLC bought a new position in TC Energy during the fourth quarter valued at about $36,000. Millstone Evans Group LLC bought a new position in TC Energy during the fourth quarter valued at about $41,000. First Command Advisory Services Inc. bought a new position in TC Energy during the fourth quarter valued at about $46,000. Finally, Rogco LP raised its holdings in TC Energy by 100.0% during the fourth quarter. Rogco LP now owns 1,000 shares of the pipeline company's stock valued at $47,000 after buying an additional 500 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TRP shares. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. CIBC upgraded TC Energy from a "neutral" rating to a "sector outperform" rating in a research note on Friday, May 2nd. Wall Street Zen lowered TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Citigroup initiated coverage on TC Energy in a research note on Friday, April 4th. They issued a "neutral" rating on the stock. Finally, Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, TC Energy has a consensus rating of "Moderate Buy" and an average target price of $62.00.

TC Energy Stock Performance

TRP stock traded down $0.05 during trading on Thursday, reaching $49.84. 1,569,768 shares of the stock were exchanged, compared to its average volume of 2,492,223. TC Energy Co. has a twelve month low of $37.07 and a twelve month high of $51.34. The company has a market capitalization of $51.81 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 4.34 and a beta of 0.78. The stock has a 50 day simple moving average of $48.79 and a 200-day simple moving average of $47.60. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last released its earnings results 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 12.12% and a net margin of 29.40%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the business earned $1.02 earnings per share. As a group, sell-side analysts anticipate that TC Energy Co. will post 2.63 earnings per share for the current year.

TC Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.6142 per share. This represents a $2.46 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Monday, June 30th. TC Energy's dividend payout ratio (DPR) 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.