TC Energy Co. (TSE:TRP) Given Consensus Recommendation of “Buy” by Brokerages

Share on StockTwits

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received a consensus rating of “Buy” from the nineteen analysts that are currently covering the firm, reports. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$68.88.

Several equities analysts recently issued reports on TRP shares. BMO Capital Markets increased their target price on TC Energy from C$68.00 to C$70.00 in a research note on Friday, February 19th. Tudor Pickering & Holt set a C$62.00 target price on TC Energy and gave the stock a “hold” rating in a research note on Wednesday, April 14th. Tudor Pickering reaffirmed a “hold” rating and issued a C$62.00 price target on shares of TC Energy in a research report on Wednesday, April 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$72.00 price target on shares of TC Energy in a research report on Friday, February 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a C$70.00 price target on shares of TC Energy in a research report on Monday, February 1st.

In other news, Senior Officer Donald R. Marchand purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 17th. The shares were purchased at an average price of C$58.24 per share, for a total transaction of C$29,117.50. Following the purchase, the insider now directly owns 3,126 shares of the company’s stock, valued at approximately C$182,042.61. Also, Senior Officer Patrick M. Keys sold 18,201 shares of the firm’s stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of C$56.88, for a total value of C$1,035,276.52. Following the transaction, the insider now owns 16,308 shares in the company, valued at approximately C$927,602.30. Insiders have bought a total of 28,245 shares of company stock worth $1,630,987 in the last three months.

TRP traded down C$0.67 during mid-day trading on Thursday, hitting C$59.14. 3,129,021 shares of the stock were exchanged, compared to its average volume of 4,994,245. The firm’s fifty day moving average is C$58.48 and its two-hundred day moving average is C$56.12. TC Energy has a 1-year low of C$50.61 and a 1-year high of C$67.89. The company has a current ratio of 0.43, a quick ratio of 0.34 and a debt-to-equity ratio of 149.71. The company has a market cap of C$57.85 billion and a PE ratio of 12.48.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, February 18th. The company reported C$1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.00 by C$0.15. The firm had revenue of C$3.30 billion for the quarter. As a group, research analysts anticipate that TC Energy will post 4.3600002 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Tuesday, March 30th. This is a positive change from TC Energy’s previous quarterly dividend of $0.81. TC Energy’s dividend payout ratio (DPR) is 68.35%.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 93,400 km network 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.

Featured Story: Why Invest in Dividend Achievers?

Analyst Recommendations for TC Energy (TSE:TRP)

Receive News & Ratings for TC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TC Energy and related companies with's FREE daily email newsletter.