Fourpath Capital Management LLC Has $791,000 Stock Position in TC Energy Co. (NYSE:TRP)

Fourpath Capital Management LLC lowered its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,009 shares of the pipeline company’s stock after selling 458 shares during the quarter. Fourpath Capital Management LLC’s holdings in TC Energy were worth $791,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of TC Energy by 5.2% in the second quarter. Cetera Investment Advisers now owns 103,894 shares of the pipeline company’s stock valued at $3,938,000 after purchasing an additional 5,165 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in TC Energy during the second quarter valued at $742,000. Atomi Financial Group Inc. lifted its stake in TC Energy by 63.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,716 shares of the pipeline company’s stock worth $557,000 after acquiring an additional 4,561 shares in the last quarter. SL Advisors LLC boosted its position in TC Energy by 2.1% during the 3rd quarter. SL Advisors LLC now owns 30,175 shares of the pipeline company’s stock worth $1,435,000 after acquiring an additional 611 shares during the period. Finally, Royal Fund Management LLC grew its stake in TC Energy by 87.4% during the 3rd quarter. Royal Fund Management LLC now owns 34,948 shares of the pipeline company’s stock valued at $1,663,000 after acquiring an additional 16,296 shares in the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TRP. StockNews.com started coverage on shares of TC Energy in a report on Wednesday, December 4th. They set a “hold” rating for the company. BMO Capital Markets boosted 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. The Goldman Sachs Group increased their price objective on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. TD Securities initiated coverage on TC Energy in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

TC Energy Price Performance

Shares of NYSE:TRP opened at $45.29 on Tuesday. The stock has a market capitalization of $47.06 billion, a P/E ratio of 12.55, a P/E/G ratio of 4.31 and a beta of 0.81. The business has a 50-day moving average of $46.99 and a two-hundred day moving average of $46.21. TC Energy Co. has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23.

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

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.822 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 dividend on an annualized basis and a yield of 7.26%. TC Energy’s dividend payout ratio (DPR) is presently 63.43%.

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.