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

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$61.92.

TRP has been the topic of several research analyst reports. ATB Capital lowered their price target on TC Energy from C$60.00 to C$58.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 3rd. CIBC lowered their target price on TC Energy from C$62.00 to C$57.00 and set a “negative” rating on the stock in a report on Wednesday, October 2nd. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Finally, Barclays boosted their target price on shares of TC Energy from C$66.00 to C$67.00 in a report on Monday, October 21st.

Insider Activity

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of C$63.06 per share, for a total transaction of C$34,367.70. In related news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Rosemary K. Stevens sold 1,200 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$59.88, for a total value of C$71,856.00. Following the sale, the director now owns 987 shares of the company’s stock, valued at approximately C$59,101.56. This represents a 0.00 % decrease in their ownership of the stock. Insiders sold 95,479 shares of company stock worth $5,860,018 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

TC Energy Stock Performance

Shares of TRP opened at C$65.68 on Friday. TC Energy has a 52-week low of C$42.45 and a 52-week high of C$66.70. The firm has a market capitalization of C$68.31 billion, a PE ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.82. The firm has a 50-day moving average price of C$62.62 and a 200 day moving average price of 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 (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. On average, sell-side analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The company 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. This represents a $3.84 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) 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.