Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 550 Shares of TC Energy Co. (NYSE:TRP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 18.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,455 shares of the pipeline company’s stock after selling 550 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in TC Energy were worth $97,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC acquired a new stake in shares of TC Energy during the 4th quarter valued at about $26,000. Hexagon Capital Partners LLC boosted its position in TC Energy by 158.3% in the third quarter. Hexagon Capital Partners LLC now owns 1,085 shares of the pipeline company’s stock valued at $37,000 after buying an additional 665 shares in the last quarter. Peoples Bank KS acquired a new position in TC Energy in the third quarter valued at about $45,000. AdvisorNet Financial Inc boosted its position in TC Energy by 25.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,483 shares of the pipeline company’s stock valued at $58,000 after buying an additional 304 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in TC Energy by 1,500.0% in the fourth quarter. Whittier Trust Co. now owns 1,840 shares of the pipeline company’s stock valued at $72,000 after buying an additional 1,725 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

TC Energy Stock Performance

NYSE TRP opened at $36.02 on Wednesday. The firm has a 50-day moving average of $38.98 and a 200-day moving average of $38.06. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 0.96. The stock has a market cap of $36.02 billion, a PE ratio of 17.74, a P/E/G ratio of 3.02 and a beta of 0.75. TC Energy Co. has a 52-week low of $32.51 and a 52-week high of $42.49.

TC Energy (NYSE:TRP) (TSE:TRP) last posted its earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share (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 analysts’ expectations of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. On average, sell-side analysts anticipate that TC Energy Co. will post 2.98 EPS for the current year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.714 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Wednesday, March 27th. This is a boost from TC Energy’s previous quarterly dividend of $0.67. TC Energy’s dividend payout ratio (DPR) is currently 139.41%.

Wall Street Analysts Forecast Growth

TRP has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of TC Energy from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. 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 report on Friday, January 26th. Stifel Nicolaus initiated coverage on shares of TC Energy in a research report on Thursday, January 18th. They issued a “buy” rating for the company. TheStreet raised shares of TC Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Finally, Jefferies Financial Group initiated coverage on shares of TC Energy in a research report on Tuesday, February 27th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.