Everett Harris & Co. CA Has $1.12 Million Stock Holdings in TC Energy Co. (NYSE:TRP)

Everett Harris & Co. CA lessened its stake in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,632 shares of the pipeline company’s stock after selling 4,683 shares during the quarter. Everett Harris & Co. CA’s holdings in TC Energy were worth $1,119,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in TC Energy in the 4th quarter valued at approximately $26,000. Hexagon Capital Partners LLC increased its stake in shares of TC Energy by 158.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,085 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 665 shares during the last quarter. Money Concepts Capital Corp increased its stake in shares of TC Energy by 149.1% during the 4th quarter. Money Concepts Capital Corp now owns 949 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 568 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of TC Energy during the 1st quarter worth $41,000. Finally, Peoples Bank KS acquired a new position in shares of TC Energy during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Price Performance

Shares of NYSE:TRP traded up $0.56 during midday trading on Thursday, reaching $40.20. 1,703,357 shares of the company’s stock were exchanged, compared to its average volume of 2,591,540. The company’s 50 day simple moving average is $39.42 and its two-hundred day simple moving average is $37.79. The firm has a market capitalization of $40.20 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 3.38 and a beta of 0.75. TC Energy Co. has a 12 month low of $32.51 and a 12 month high of $42.76. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 0.96.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.20. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. Equities research analysts expect that TC Energy Co. will post 2.99 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company 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 dividend of $0.714 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.10%. This is a boost from TC Energy’s previous quarterly dividend of $0.67. TC Energy’s dividend payout ratio (DPR) is 138.42%.

Analysts Set New Price Targets

Several brokerages have recently commented on TRP. Barclays increased their price target on shares of TC Energy from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Stifel Nicolaus initiated coverage on shares of TC Energy in a research note on Thursday, January 18th. They issued a “buy” rating on the stock. TheStreet upgraded shares of TC Energy from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. Jefferies Financial Group initiated coverage on shares of TC Energy in a research note on Tuesday, February 27th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group raised their target price on shares of TC Energy from $29.00 to $32.00 and gave the company a “sell” rating in a research note on Friday, January 26th. One equities 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.83.

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.