TC Energy (TSE:TRP) Price Target Raised to C$71.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective increased by Jefferies Financial Group from C$65.00 to C$71.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on the company. ATB Capital boosted their price target on TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Scotiabank increased their price target on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Finally, Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and raised their target price for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$73.00.

TC Energy Stock Down 0.0 %

Shares of TRP opened at C$65.49 on Thursday. 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$70.32. The firm’s 50 day moving average is C$67.23 and its 200-day moving average is C$63.83. The stock has a market capitalization of C$68.11 billion, a PE ratio of 19.79, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted 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 firm had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. Equities research analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $1.113 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a yield of 6.80%. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Insider Activity

In other TC Energy news, Director Alexander (Alex) Oehler purchased 6,540 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Also, Director Jawad Masud sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$66.50, for a total transaction of C$332,500.00. Over the last three months, insiders have sold 420,911 shares of company stock valued at $28,259,105. 0.03% of the stock is currently owned by corporate insiders.

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.