Dakota Community Bank & Trust NA Sells 335 Shares of TC Energy Co. (NYSE:TRP)

Dakota Community Bank & Trust NA trimmed its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 8.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,514 shares of the pipeline company’s stock after selling 335 shares during the period. Dakota Community Bank & Trust NA’s holdings in TC Energy were worth $164,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Canada Pension Plan Investment Board boosted its stake in TC Energy by 107.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 19,462,155 shares of the pipeline company’s stock valued at $737,609,000 after buying an additional 10,065,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of TC Energy by 156.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,769,975 shares of the pipeline company’s stock valued at $321,778,000 after acquiring an additional 4,126,801 shares during the period. Merewether Investment Management LP bought a new position in shares of TC Energy during the second quarter valued at $112,618,000. Marshall Wace LLP boosted its stake in shares of TC Energy by 841.1% in the 2nd quarter. Marshall Wace LLP now owns 2,040,863 shares of the pipeline company’s stock valued at $77,349,000 after purchasing an additional 1,824,008 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of TC Energy in the 3rd quarter worth about $73,162,000. 83.13% of the stock is currently owned by institutional investors.

TC Energy Stock Up 2.7 %

NYSE:TRP opened at $47.39 on Friday. The company has a market cap of $49.23 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 4.31 and a beta of 0.82. 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’s fifty day moving average price is $47.61 and its two-hundred day moving average price is $45.49. TC Energy Co. has a 52-week low of $31.83 and a 52-week high of $50.37.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The pipeline company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.83 billion. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. On average, analysts anticipate that TC Energy Co. will post 2.95 EPS for the current year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.822 dividend. This represents a $3.29 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. TC Energy’s dividend payout ratio (DPR) is 63.43%.

Analyst Ratings Changes

TRP has been the subject of several analyst reports. BMO Capital Markets lifted their price target on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Veritas raised TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. StockNews.com assumed coverage on TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. TD Securities initiated coverage on TC Energy in a research report on Wednesday. They issued a “buy” rating for the company. Finally, UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.67.

TC Energy Profile

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.