TC Energy Co. (TSE:TRP) Receives Consensus Recommendation of “Hold” from Brokerages

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$88.08.

A number of equities analysts recently commented on TRP shares. TD upped their target price on TC Energy from C$90.00 to C$98.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. National Bank Financial upped their target price on TC Energy from C$86.00 to C$92.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Scotiabank upped their target price on TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Royal Bank Of Canada upped their target price on TC Energy from C$92.00 to C$95.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Raymond James Financial upped their target price on TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th.

TC Energy Stock Performance

Shares of TRP stock opened at C$91.86 on Friday. The company has a debt-to-equity ratio of 224.52, a quick ratio of 0.40 and a current ratio of 0.65. TC Energy has a fifty-two week low of C$63.34 and a fifty-two week high of C$98.62. The stock has a 50 day moving average price of C$89.01 and a two-hundred day moving average price of C$82.65. The company has a market capitalization of C$95.70 billion, a P/E ratio of 28.80, a PEG ratio of 1.69 and a beta of 0.76.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion during the quarter. Analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the transaction, the insider owned 18,490 shares in the company, valued at C$1,640,617.70. This represents a 57.82% decrease in their ownership of the stock. Also, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is owned by corporate insiders.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.