TC Energy (TSE:TRP) Rating Increased to Moderate Buy at US Capital Advisors

US Capital Advisors upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) from a hold rating to a moderate buy rating in a research note released on Monday morning,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $1.02 EPS, Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.04 EPS.

Other research analysts also recently issued reports about the stock. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the stock from C$62.00 to C$78.00 in a research report on Friday, October 25th. Barclays raised their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. TD Securities set a C$73.00 price objective on shares of TC Energy and gave the company a “buy” rating in a research report on Wednesday, January 15th. Scotiabank raised their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Finally, Raymond James upgraded shares of TC Energy to a “hold” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$73.00.

TC Energy Stock Up 1.4 %

TRP opened at C$66.87 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.32. The company has a market capitalization of C$69.54 billion, a PE ratio of 20.20, a PEG ratio of 1.69 and a beta of 0.82. The firm’s 50 day simple moving average is C$67.16 and its two-hundred day simple moving average is C$64.09.

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 the consensus estimate of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. As a group, equities analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $1.113 dividend. This is a boost 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 6.66%. The ex-dividend date was Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Insiders Place Their Bets

In other TC Energy news, Director Trevor Ebl sold 9,554 shares of TC Energy stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$68.48, for a total value of C$654,219.70. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of the company’s stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$66.05 per share, with a total value of C$431,947.64. Insiders sold 420,911 shares of company stock valued at $28,259,105 in the last three months. Corporate insiders own 0.03% of the company’s stock.

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.