TC Energy (TSE:TRP) Price Target Raised to C$65.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target increased by ATB Capital from C$64.00 to C$65.00 in a research report sent to investors on Friday,BayStreet.CA reports.

TRP has been the topic of a number of other reports. National Bankshares lifted their price objective on shares of TC Energy from C$60.00 to C$70.00 in a research note on Friday. BMO Capital Markets lowered their price target on TC Energy from C$65.00 to C$55.00 and set a “market perform” rating for the company in a report on Wednesday, October 2nd. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and raised their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. CIBC lifted their price target on shares of TC Energy from C$66.00 to C$67.00 in a report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$66.15.

TC Energy Price Performance

TC Energy stock opened at C$69.10 on Friday. The company has a market capitalization of C$71.86 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.69 and a beta of 0.82. The stock’s 50 day moving average is C$63.74 and its 200-day moving average is C$57.73. 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 has a 12 month low of C$43.83 and a 12 month high of C$69.61.

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

TC Energy Increases Dividend

The business 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 dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.44%. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s payout ratio is presently 116.01%.

Insider Buying and Selling at TC Energy

In other TC Energy news, Director Richard Prior sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$44.00, for a total value of C$132,000.00. In other TC Energy news, Director Richard Prior sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of C$44.00, for a total transaction of C$132,000.00. Also, Senior Officer Nancy Angenita Johnson sold 5,414 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$61.16, for a total value of C$331,133.78. Insiders sold a total of 74,914 shares of company stock valued at $4,632,785 in the last three months. Company 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.