TC Energy (TSE:TRP) Price Target Raised to C$66.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target lifted by BMO Capital Markets from C$55.00 to C$66.00 in a research note published on Friday,BayStreet.CA reports.

TRP has been the subject of a number of other research reports. Scotiabank upped their price objective on shares of TC Energy from C$68.00 to C$74.00 in a research report on Friday. CIBC increased their price target on shares of TC Energy from C$66.00 to C$67.00 in a report on Friday. Royal Bank of Canada increased their price target on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday. Jefferies Financial Group increased their price target on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a report on Monday, September 30th. Finally, National Bankshares increased their price target on shares of TC Energy from C$60.00 to C$70.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, TC Energy has an average rating of “Hold” and a consensus price target of C$66.15.

TC Energy Stock Down 1.5 %

Shares of TC Energy stock opened at C$67.82 on Friday. The company has a market cap of C$70.53 billion, a P/E ratio of 20.49, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. TC Energy has a one year low of C$43.83 and a one year high of C$69.61. The firm has a fifty day moving average of C$63.74 and a two-hundred day moving average of C$57.73.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, analysts forecast that TC Energy will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a yield of 6.56%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio is presently 116.01%.

Insiders Place Their Bets

In other TC Energy news, Director Richard Prior sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$44.00, for a total transaction of C$132,000.00. In other news, Senior Officer Dawn Elizabeth De Lima purchased 555 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of C$62.82 per share, with a total value of C$34,865.66. Also, Director Richard Prior sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$44.00, for a total transaction of C$132,000.00. Insiders have sold 74,914 shares of company stock valued at $4,632,785 in the last ninety days. Insiders own 0.03% 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.