Crossmark Global Holdings Inc. Sells 13,013 Shares of TC Energy Corporation $TRP

Crossmark Global Holdings Inc. cut its holdings in TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,034 shares of the pipeline company’s stock after selling 13,013 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TC Energy were worth $1,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont bought a new position in TC Energy in the fourth quarter valued at approximately $28,000. Westside Investment Management Inc. boosted its stake in TC Energy by 100.0% in the third quarter. Westside Investment Management Inc. now owns 594 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 297 shares during the last quarter. McIlrath & Eck LLC bought a new position in TC Energy in the fourth quarter valued at approximately $32,000. SWAN Capital LLC bought a new position in TC Energy in the third quarter valued at approximately $40,000. Finally, Smartleaf Asset Management LLC boosted its stake in TC Energy by 237.4% in the third quarter. Smartleaf Asset Management LLC now owns 803 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 565 shares during the last quarter. 83.13% of the stock is owned by institutional investors.

TC Energy Trading Up 1.1%

TRP opened at $66.26 on Wednesday. The stock has a market capitalization of $69.03 billion, a P/E ratio of 28.76 and a beta of 0.67. TC Energy Corporation has a 12 month low of $46.29 and a 12 month high of $67.31. The firm’s fifty day simple moving average is $63.39 and its 200 day simple moving average is $58.43. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 1.67.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its quarterly earnings data on Friday, May 1st. The pipeline company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.20 billion. TC Energy had a net margin of 22.22% and a return on equity of 10.74%. During the same period in the previous year, the firm posted $0.95 EPS. As a group, research analysts anticipate that TC Energy Corporation will post 2.75 EPS for the current fiscal year.

TC Energy Announces Dividend

The business also recently disclosed 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 5.3%. The ex-dividend date of this dividend is Tuesday, June 30th. TC Energy’s payout ratio is currently 109.57%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating on shares of TC Energy in a research report on Monday, May 4th. TD Securities reissued a “hold” rating on shares of TC Energy in a research report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating on shares of TC Energy in a research report on Monday, May 4th. Raymond James Financial raised shares of TC Energy to a “hold” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings cut shares of TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

TC Energy 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.