TC Energy (TSE:TRP) Given a C$73.00 Price Target at TD Securities

TD Securities set a C$73.00 price target on TC Energy (TSE:TRP) (NYSE:TRP) in a report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms also recently issued reports on TRP. Scotiabank boosted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price target on shares of TC Energy from C$64.00 to C$65.00 in a research report on Wednesday, November 20th. ATB Capital raised their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Finally, UBS Group upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.62.

TC Energy Trading Up 0.9 %

Shares of TRP opened at C$67.16 on Wednesday. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32. The firm has a market capitalization of C$69.85 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock’s fifty day simple moving average is C$67.62 and its 200 day simple moving average is C$62.66.

TC Energy (TSE:TRP) (NYSE:TRP) last released 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 for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, equities research analysts forecast that TC Energy will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $1.113 dividend. The ex-dividend date of this dividend is 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 6.63%. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Insider Buying and Selling at TC Energy

In related news, Director Alexander (Alex) Oehler bought 6,540 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Also, Director Trevor Ebl sold 9,554 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$68.48, for a total transaction of C$654,219.70. Over the last 90 days, insiders have sold 420,911 shares of company stock worth $28,259,105. 0.03% of the stock is owned by company insiders.

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.