Guardian Capital LP Has $13.37 Million Holdings in TC Energy Co. (NYSE:TRP)

Guardian Capital LP reduced its stake in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 287,117 shares of the pipeline company's stock after selling 9,010 shares during the period. Guardian Capital LP's holdings in TC Energy were worth $13,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of TC Energy during the fourth quarter valued at $31,000. Versant Capital Management Inc purchased a new stake in shares of TC Energy in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new position in TC Energy in the 4th quarter worth approximately $36,000. Millstone Evans Group LLC purchased a new position in TC Energy during the 4th quarter worth approximately $41,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of TC Energy in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 83.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup assumed coverage on shares of TC Energy in a research report on Friday, April 4th. They issued a "neutral" rating for the company. StockNews.com downgraded TC Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Cibc World Mkts upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Finally, Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, TC Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

TC Energy Trading Down 0.9 %

TRP traded down $0.48 during midday trading on Monday, reaching $50.50. 399,853 shares of the company were exchanged, compared to its average volume of 2,538,365. The stock has a market capitalization of $52.50 billion, a P/E ratio of 15.59, a PEG ratio of 4.34 and a beta of 0.78. TC Energy Co. has a one year low of $37.07 and a one year high of $51.25. The stock's 50-day simple moving average is $47.57 and its 200 day simple moving average is $47.30. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 0.55.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). TC Energy had a net margin of 29.40% and a return on equity of 12.12%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. As a group, analysts forecast that TC Energy Co. will post 2.63 earnings per share for the current fiscal year.

TC Energy Cuts Dividend

The firm 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 $0.6142 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Monday, June 30th. TC Energy's dividend payout ratio (DPR) is currently 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.