TC Energy Co. (TSE:TRP) Given Average Rating of “Hold” by Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has received a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$61.92.

A number of research analysts recently commented on the company. Scotiabank reduced their price target on TC Energy from C$62.00 to C$61.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their target price on TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from C$62.00 to C$78.00 in a research note on Friday. Jefferies Financial Group upped their price target on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a report on Monday, September 30th. Finally, National Bankshares decreased their price objective on shares of TC Energy from C$65.00 to C$60.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd.

Insider Activity

In related news, Director Jawad Masud sold 6,041 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$63.50, for a total transaction of C$383,603.50. In related news, Director Jawad Masud sold 6,041 shares of TC Energy stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$63.50, for a total value of C$383,603.50. Also, Director Colin Lindley sold 2,773 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the transaction, the director now directly owns 697 shares of the company’s stock, valued at C$41,413.16. The trade was a 0.00 % decrease in their ownership of the stock. Over the last ninety days, insiders sold 95,479 shares of company stock valued at $5,860,018. 0.03% of the stock is currently owned by insiders.

TC Energy Trading Up 0.9 %

TRP opened at C$65.68 on Friday. The firm has a market capitalization of C$68.31 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.82. The firm’s 50 day moving average is C$62.62 and its 200-day moving average is C$56.49. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy has a 52-week low of C$42.45 and a 52-week high of C$66.70.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. The firm had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. Analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

TC Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a yield of 5.85%. TC Energy’s payout ratio is currently 116.01%.

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.