apricus wealth LLC Sells 2,165 Shares of TC Energy Co. (NYSE:TRP)

apricus wealth LLC trimmed its holdings in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,645 shares of the pipeline company’s stock after selling 2,165 shares during the quarter. TC Energy makes up about 2.1% of apricus wealth LLC’s investment portfolio, making the stock its 12th largest holding. apricus wealth LLC’s holdings in TC Energy were worth $3,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of TC Energy by 19.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 32,312 shares of the pipeline company’s stock valued at $1,538,000 after acquiring an additional 5,275 shares during the period. Ausbil Investment Management Ltd lifted its position in TC Energy by 54.2% during the third quarter. Ausbil Investment Management Ltd now owns 288,221 shares of the pipeline company’s stock valued at $13,716,000 after purchasing an additional 101,305 shares in the last quarter. Grassi Investment Management bought a new stake in TC Energy during the third quarter valued at about $238,000. International Assets Investment Management LLC purchased a new stake in TC Energy in the third quarter worth about $3,034,000. Finally, Private Advisor Group LLC raised its stake in shares of TC Energy by 7.4% in the third quarter. Private Advisor Group LLC now owns 27,480 shares of the pipeline company’s stock worth $1,307,000 after buying an additional 1,888 shares during the period. 83.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays upgraded TC Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 17th. UBS Group raised shares of TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. upgraded shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. The Goldman Sachs Group increased their price target on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research note on Monday. Finally, Veritas upgraded TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, TC Energy has a consensus rating of “Hold” and a consensus target price of $48.50.

TC Energy Stock Performance

TRP opened at $46.99 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.68 and a current ratio of 0.76. The stock has a market capitalization of $48.77 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 3.92 and a beta of 0.81. The company has a fifty day moving average of $46.08 and a 200 day moving average of $41.40. TC Energy Co. has a fifty-two week low of $30.61 and a fifty-two week high of $48.25.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.29. TC Energy had a return on equity of 16.97% and a net margin of 21.31%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the business posted $0.71 earnings per share. As a group, sell-side analysts forecast that TC Energy Co. will post 3.02 earnings per share for the current fiscal year.

TC Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.702 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.81 annualized dividend and a dividend yield of 5.98%. TC Energy’s dividend payout ratio (DPR) is 116.80%.

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.