TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP)’s share price reached a new 52-week high during mid-day trading on Tuesday after Jefferies Financial Group raised their price target on the stock from C$57.00 to C$66.00. Jefferies Financial Group currently has a hold rating on the stock. TC Energy traded as high as C$65.40 and last traded at C$65.23, with a volume of 4428918 shares traded. The stock had previously closed at C$64.29.
TRP has been the subject of a number of other reports. ATB Capital raised their price target on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised their price target on shares of TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. National Bankshares raised their price target on shares of TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. BMO Capital Markets raised their price target on shares of TC Energy from C$57.00 to C$65.00 in a report on Thursday, September 5th. Finally, Barclays raised their price target on shares of TC Energy from C$61.00 to C$64.00 in a report on Monday, August 19th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$59.31.
Get Our Latest Stock Analysis on TC Energy
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TC Energy Stock Performance
The stock has a market capitalization of C$67.87 billion, a P/E ratio of 19.72, a P/E/G ratio of 0.26 and a beta of 0.82. The company’s 50-day moving average is C$61.31 and its two-hundred day moving average is C$55.58. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84.
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating the consensus estimate of C$0.89 by C$0.05. The firm had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, sell-side analysts anticipate that TC Energy Co. will post 4.5431472 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 dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 annualized dividend and a yield of 5.88%. TC Energy’s payout ratio is 116.01%.
About TC Energy
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.
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