TC Energy Co. (TSE:TRP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$59.23.

TRP has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. National Bankshares decreased their target price on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada increased their price objective on TC Energy from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Barclays increased their price objective on TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th.

Insider Activity at TC Energy

In related news, Director Richard Prior sold 3,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$44.00, for a total value of C$132,000.00. In related news, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was purchased at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Richard Prior sold 3,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$44.00, for a total value of C$132,000.00. Over the last ninety days, insiders sold 95,479 shares of company stock worth $5,860,018. 0.04% of the stock is owned by corporate insiders.

TC Energy Trading Down 0.1 %

Shares of TSE TRP opened at C$61.13 on Tuesday. The stock has a market cap of C$63.58 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 0.26 and a beta of 0.82. The business has a 50 day simple moving average of C$61.41 and a 200 day simple moving average of C$55.64. TC Energy has a 52 week low of C$45.96 and a 52 week high of C$65.39. 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 (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. The firm had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, research analysts predict that TC Energy will post 4.4244068 earnings per share for the current fiscal year.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a $0.96 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 6.28%. TC Energy’s payout ratio is 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.