Jefferies Financial Group Boosts TC Energy (TSE:TRP) Price Target to C$52.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price raised by Jefferies Financial Group from C$51.00 to C$52.00 in a report released on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also weighed in on TRP. Stifel Nicolaus set a C$61.00 price target on shares of TC Energy and gave the company a buy rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. boosted their price objective on shares of TC Energy from C$58.00 to C$59.00 and gave the company a neutral rating in a research report on Tuesday, April 16th. Barclays increased their target price on TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. Royal Bank of Canada cut their price target on TC Energy from C$54.00 to C$49.00 and set an outperform rating on the stock in a report on Tuesday, February 20th. Finally, CIBC increased their price objective on TC Energy from C$54.00 to C$55.00 and gave the stock a neutral rating in a report on Monday, January 8th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of C$54.50.

TC Energy Trading Up 1.1 %

Shares of TSE TRP opened at C$52.00 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 162.75. TC Energy has a twelve month low of C$43.70 and a twelve month high of C$56.75. The company’s fifty day moving average is C$52.29 and its 200-day moving average is C$51.75. The stock has a market cap of C$54.08 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 0.26 and a beta of 0.73.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.27. The firm had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.24%. Equities research analysts predict that TC Energy will post 4.192339 EPS for the current year.

TC Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s dividend payout ratio (DPR) is presently 146.56%.

Insider Transactions at TC Energy

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima purchased 750 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was acquired at an average price of C$54.48 per share, with a total value of C$40,860.00. In other news, Director Alexis A.J. Hudy purchased 875 shares of TC Energy stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average cost of C$54.97 per share, for a total transaction of C$48,098.75. Following the purchase, the director now directly owns 875 shares of the company’s stock, valued at approximately C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average cost of C$54.48 per share, with a total value of C$40,860.00. Insiders have bought 4,526 shares of company stock worth $248,609 in the last ninety days. Insiders own 0.04% of the company’s stock.

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.