apricus wealth LLC Sells 16,195 Shares of TC Energy Co. (NYSE:TRP)

apricus wealth LLC trimmed its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,450 shares of the pipeline company’s stock after selling 16,195 shares during the quarter. TC Energy accounts for about 1.6% of apricus wealth LLC’s portfolio, making the stock its 28th largest position. apricus wealth LLC’s holdings in TC Energy were worth $2,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC bought a new stake in shares of TC Energy in the 3rd quarter valued at $28,000. Blue Trust Inc. grew its holdings in TC Energy by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 267 shares during the period. Versant Capital Management Inc acquired a new stake in TC Energy during the 4th quarter worth about $33,000. Point72 DIFC Ltd acquired a new position in shares of TC Energy in the 3rd quarter valued at about $39,000. Finally, UMB Bank n.a. acquired a new position in shares of TC Energy in the 4th quarter valued at about $47,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

TC Energy Stock Up 1.0 %

TRP opened at $47.57 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.31 and a quick ratio of 1.23. The firm has a market capitalization of $49.43 billion, a P/E ratio of 13.18, a PEG ratio of 4.45 and a beta of 0.82. TC Energy Co. has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The company’s 50-day moving average is $47.47 and its 200 day moving average is $45.82.

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

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.822 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.70. This represents a $3.29 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio is currently 63.43%.

Analysts Set New Price Targets

Several brokerages have recently commented on TRP. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. StockNews.com started coverage on shares of TC Energy in a report on Wednesday, December 4th. They set a “hold” rating on the stock. The Goldman Sachs Group raised their price objective on TC Energy from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Monday, October 21st. UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a report on Monday, September 30th. Finally, 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 research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and an average price target of $55.67.

TC Energy Company 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.