TC Energy Co. (NYSE:TRP) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its position in TC Energy Co. (NYSE:TRP) (TSE:TRP) by 6.9% during the third quarter, Holdings Channel reports. The fund owned 19,181 shares of the pipeline company’s stock after selling 1,417 shares during the quarter. Sanctuary Advisors LLC’s holdings in TC Energy were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in TC Energy by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 18,316 shares of the pipeline company’s stock worth $871,000 after purchasing an additional 242 shares during the last quarter. Signaturefd LLC grew its holdings in TC Energy by 1.6% in the 2nd quarter. Signaturefd LLC now owns 16,373 shares of the pipeline company’s stock worth $621,000 after buying an additional 261 shares in the last quarter. Prospera Financial Services Inc increased its position in TC Energy by 4.8% in the 3rd quarter. Prospera Financial Services Inc now owns 5,754 shares of the pipeline company’s stock valued at $274,000 after acquiring an additional 262 shares during the period. First Horizon Advisors Inc. raised its stake in TC Energy by 8.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,505 shares of the pipeline company’s stock valued at $167,000 after acquiring an additional 264 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 267 shares during the period. 83.13% of the stock is currently owned by institutional investors.

TC Energy Trading Up 1.0 %

Shares of NYSE:TRP opened at $45.79 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. The stock has a market capitalization of $47.53 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.88 and a beta of 0.82. TC Energy Co. has a 1-year low of $31.83 and a 1-year high of $50.37. The company has a 50 day moving average price of $47.79 and a 200 day moving average price of $44.48.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.83 billion. On average, research analysts anticipate that TC Energy Co. will post 3 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.822 dividend. This represents a $3.29 annualized dividend and a dividend yield of 7.18%. This is a boost from TC Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is presently 67.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRP shares. JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a report on Monday, October 14th. StockNews.com began coverage on shares of TC Energy in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.67.

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.