Radnor Capital Management LLC Reduces Stock Holdings in TC Energy Co. (NYSE:TRP)

Radnor Capital Management LLC lessened its position in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,200 shares of the pipeline company’s stock after selling 614 shares during the quarter. Radnor Capital Management LLC’s holdings in TC Energy were worth $611,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TRP. Capital Research Global Investors grew its position in shares of TC Energy by 23.7% in the fourth quarter. Capital Research Global Investors now owns 55,677,989 shares of the pipeline company’s stock valued at $2,174,931,000 after purchasing an additional 10,654,993 shares during the last quarter. Capital International Investors grew its holdings in TC Energy by 11.8% during the 4th quarter. Capital International Investors now owns 55,161,245 shares of the pipeline company’s stock valued at $2,155,419,000 after buying an additional 5,822,056 shares during the last quarter. Vanguard Group Inc. increased its position in TC Energy by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 40,404,299 shares of the pipeline company’s stock worth $1,579,404,000 after buying an additional 778,359 shares in the last quarter. Capital World Investors raised its holdings in shares of TC Energy by 0.5% in the fourth quarter. Capital World Investors now owns 37,412,046 shares of the pipeline company’s stock worth $1,461,583,000 after acquiring an additional 181,091 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of TC Energy by 13.7% in the fourth quarter. Bank of Nova Scotia now owns 28,980,334 shares of the pipeline company’s stock valued at $1,132,854,000 after acquiring an additional 3,497,666 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TRP shares. Jefferies Financial Group began coverage on TC Energy in a research report on Tuesday, February 27th. They set a “hold” rating for the company. TheStreet upgraded shares of TC Energy from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.83.

TC Energy Stock Up 0.1 %

Shares of NYSE TRP opened at $38.52 on Monday. The stock has a market capitalization of $38.52 billion, a PE ratio of 19.84, a P/E/G ratio of 3.18 and a beta of 0.79. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.64. The firm has a fifty day moving average of $37.78 and a 200-day moving average of $38.75. TC Energy Co. has a 52-week low of $32.51 and a 52-week high of $41.03.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Friday, May 3rd. The pipeline company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. TC Energy had a return on equity of 17.94% and a net margin of 17.23%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.12 billion. On average, analysts anticipate that TC Energy Co. will post 3 EPS for the current year.

TC Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, June 28th. This represents a $2.84 annualized dividend and a dividend yield of 7.37%. TC Energy’s payout ratio is 145.88%.

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.