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

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given an average rating of “Hold” by the fifteen analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$69.77.

A number of equities research analysts have weighed in on TRP shares. Wells Fargo & Company lifted their price target on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. Barclays lifted their target price on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. ATB Capital lifted their price objective on TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. Finally, CIBC increased their target price on TC Energy from C$67.00 to C$68.00 in a research note on Wednesday, November 20th.

Insider Activity

In related news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$66.51, for a total value of C$17,785,898.39. Also, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of TC Energy stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average cost of C$63.06 per share, with a total value of C$34,367.70. In the last three months, insiders have sold 446,284 shares of company stock worth $29,860,095. 0.03% of the stock is currently owned by corporate insiders.

TC Energy Trading Down 0.6 %

Shares of TC Energy stock opened at C$66.11 on Friday. The stock has a 50 day moving average of C$66.24 and a 200 day moving average of C$60.47. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The firm has a market capitalization of C$68.75 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.68% and a net margin of 21.38%. As a group, research analysts predict 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.73%. TC Energy’s dividend payout ratio is currently 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.