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

TC Energy Co. (TSE:TRP) (NYSE:TRP) has received a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$69.54.

Several analysts recently weighed in on TRP shares. Jefferies Financial Group upped their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Wednesday, November 20th. BMO Capital Markets raised their price target on shares of TC Energy from C$66.00 to C$70.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Barclays raised their target price on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Finally, Veritas upgraded shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th.

Insider Buying and Selling

In related news, Senior Officer Patrick M. Keys sold 17,127 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$62.71, for a total value of C$1,074,049.58. Also, Senior Officer Francois Lionel Poirier sold 118,243 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total value of C$8,085,219.85. Insiders have sold a total of 214,476 shares of company stock valued at $14,299,929 over the last ninety days. 0.03% of the stock is owned by company insiders.

TC Energy Price Performance

Shares of TSE:TRP opened at C$68.54 on Wednesday. The firm has a 50 day moving average of C$65.23 and a 200-day moving average of C$59.28. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.32. 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 has a market capitalization of C$71.28 billion, a PE ratio of 20.71, a PEG ratio of 1.69 and a beta of 0.82.

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, beating 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 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, equities research analysts predict that TC Energy will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $1.113 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a dividend yield of 6.50%. TC Energy’s dividend payout ratio is presently 116.01%.

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.