TC Energy Co. (NYSE:TRP) Given Average Rating of “Hold” by Analysts

Shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $48.50.

Several research analysts recently issued reports on TRP shares. JPMorgan Chase & Co. raised TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. UBS Group upgraded TC Energy from a “neutral” rating to a “buy” rating in a research note on Monday, September 30th. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Barclays raised shares of TC Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 17th. Finally, The Goldman Sachs Group upped their price target on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st.

TC Energy Stock Up 0.1 %

Shares of TRP opened at $46.52 on Friday. The firm has a market capitalization of $48.28 billion, a P/E ratio of 19.06, a P/E/G ratio of 3.91 and a beta of 0.81. TC Energy has a 12-month low of $31.04 and a 12-month high of $48.25. The firm has a fifty day moving average price of $46.36 and a 200-day moving average price of $41.77. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 1.57.

TC Energy (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, August 1st. The pipeline company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.29. TC Energy had a net margin of 21.31% and a return on equity of 16.97%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the firm earned $0.71 EPS. Equities research analysts expect that TC Energy will post 3.02 earnings per share for the current year.

Institutional Investors Weigh In On TC Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of TRP. Galibier Capital Management Ltd. purchased a new position in TC Energy during the 1st quarter worth $73,000. First Bank & Trust grew its stake in shares of TC Energy by 2.1% during the first quarter. First Bank & Trust now owns 58,835 shares of the pipeline company’s stock worth $2,365,000 after acquiring an additional 1,198 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of TC Energy during the first quarter valued at about $125,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of TC Energy by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,444,328 shares of the pipeline company’s stock valued at $98,300,000 after acquiring an additional 18,363 shares in the last quarter. Finally, Norden Group LLC purchased a new position in shares of TC Energy in the 1st quarter valued at approximately $354,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

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.