TC Energy Corporation $TRP Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. cut its position in shares of TC Energy Corporation (NYSE:TRP) (TSE:TRP) by 93.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in TC Energy during the fourth quarter worth about $25,000. Trust Co. of Vermont acquired a new stake in shares of TC Energy in the fourth quarter valued at about $28,000. McIlrath & Eck LLC acquired a new stake in shares of TC Energy in the fourth quarter valued at about $32,000. SWAN Capital LLC acquired a new stake in shares of TC Energy in the third quarter valued at about $40,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of 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 buying an additional 565 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRP shares. Wall Street Zen upgraded TC Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings lowered TC Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of TC Energy in a research note on Tuesday, May 26th. Scotiabank reiterated an “outperform” rating on shares of TC Energy in a research note on Monday, May 4th. Finally, Royal Bank Of Canada increased their target price on TC Energy from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, TC Energy currently has an average rating of “Moderate Buy” and an average target price of $78.50.

TC Energy Trading Down 0.2%

Shares of TRP opened at $68.14 on Wednesday. The company has a market capitalization of $68.14 billion, a P/E ratio of 29.58 and a beta of 0.66. TC Energy Corporation has a one year low of $46.29 and a one year high of $71.47. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.57 and a current ratio of 0.65. The stock has a 50-day moving average price of $65.29 and a 200 day moving average price of $60.76.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Friday, May 1st. The pipeline company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.04 billion during 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 in the prior year, the business posted $0.95 earnings per share. Sell-side analysts forecast that TC Energy Corporation will post 2.75 EPS for the current fiscal year.

TC Energy Announces Dividend

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

About TC Energy

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.