TC Energy Corporation $TRP Stock Position Reduced by Westerkirk Capital Inc.

Westerkirk Capital Inc. lessened its position in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 93.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,962 shares of the pipeline company’s stock after selling 40,700 shares during the quarter. Westerkirk Capital Inc.’s holdings in TC Energy were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TRP. Annis Gardner Whiting Capital Advisors LLC bought a new position in TC Energy during the 4th quarter worth approximately $25,000. Trust Co. of Vermont bought a new position in TC Energy during the 4th quarter worth approximately $28,000. McIlrath & Eck LLC bought a new position in TC Energy during the 4th quarter worth approximately $32,000. SWAN Capital LLC bought a new position in TC Energy during the 3rd quarter worth approximately $40,000. Finally, Smartleaf Asset Management LLC lifted its holdings in TC Energy by 237.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 803 shares of the pipeline company’s stock worth $43,000 after buying an additional 565 shares during the last quarter. Institutional investors own 83.13% of the company’s stock.

TC Energy Trading Down 0.2%

Shares of NYSE TRP opened at $68.14 on Wednesday. The company has a market cap of $68.14 billion, a price-to-earnings ratio of 29.58 and a beta of 0.66. TC Energy Corporation has a 12-month low of $46.29 and a 12-month high of $71.47. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 1.67. The stock’s 50 day simple moving average is $65.29 and its 200 day simple moving average is $60.76.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.20 billion. TC Energy had a return on equity of 10.74% and a net margin of 22.22%.During the same quarter last year, the business posted $0.95 EPS. Equities research analysts expect that TC Energy Corporation will post 2.75 EPS for the current year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.2%. The ex-dividend date is Tuesday, June 30th. TC Energy’s dividend payout ratio (DPR) is currently 109.57%.

Analysts Set New Price Targets

TRP has been the topic of a number of research analyst reports. Raymond James Financial raised TC Energy to a “hold” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of TC Energy in a report on Tuesday, May 26th. Royal Bank Of Canada raised their price target on TC Energy from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. TD Securities reissued a “hold” rating on shares of TC Energy in a report on Monday, May 4th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of TC Energy in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.