Russell Investments Group Ltd. Decreases Stock Holdings in TC Energy Co. (NYSE:TRP)

Russell Investments Group Ltd. reduced its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,258,643 shares of the pipeline company's stock after selling 299,028 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of TC Energy worth $49,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TRP. SG Americas Securities LLC grew its position in TC Energy by 747.1% during the 3rd quarter. SG Americas Securities LLC now owns 22,627 shares of the pipeline company's stock worth $779,000 after acquiring an additional 19,956 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in TC Energy by 10.0% in the third quarter. Commonwealth Equity Services LLC now owns 92,505 shares of the pipeline company's stock worth $3,183,000 after buying an additional 8,378 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in TC Energy by 158.3% in the third quarter. Hexagon Capital Partners LLC now owns 1,085 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 665 shares during the last quarter. apricus wealth LLC grew its position in shares of TC Energy by 6.0% in the 3rd quarter. apricus wealth LLC now owns 65,560 shares of the pipeline company's stock worth $2,299,000 after buying an additional 3,740 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in TC Energy by 17.3% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 269,732 shares of the pipeline company's stock worth $9,208,000 after buying an additional 39,830 shares during the period. 83.13% of the stock is owned by institutional investors.

TC Energy Trading Down 0.4 %

TC Energy stock traded down $0.14 during midday trading on Tuesday, hitting $35.85. 4,338,664 shares of the stock were exchanged, compared to its average volume of 3,048,679. TC Energy Co. has a fifty-two week low of $32.51 and a fifty-two week high of $42.49. The stock's 50-day simple moving average is $38.76 and its 200 day simple moving average is $38.10. The stock has a market capitalization of $35.85 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 3.11 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 1.65.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings data 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. TC Energy had a return on equity of 18.60% and a net margin of 18.25%. The business had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $2.93 billion. On average, equities analysts anticipate that TC Energy Co. will post 2.9 EPS for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a $0.714 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.97%. This is an increase from TC Energy's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Wednesday, March 27th. TC Energy's dividend payout ratio (DPR) is 139.41%.

Analyst Upgrades and Downgrades

TRP has been the topic of several recent research reports. Stifel Nicolaus started coverage on TC Energy in a report on Thursday, January 18th. They set a "buy" rating on the stock. Jefferies Financial Group began coverage on TC Energy in a research report on Tuesday, February 27th. They set a "hold" rating on the stock. The Goldman Sachs Group raised their price target on shares of TC Energy from $29.00 to $32.00 and gave the company a "sell" rating in a report on Friday, January 26th. TheStreet raised shares of TC Energy from a "c+" rating to a "b-" rating in a research report on Wednesday, March 20th. Finally, Barclays upped their price target on TC Energy from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, TC Energy has a consensus rating of "Hold" and a consensus price target of $48.83.

TC Energy Profile

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.