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

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned an average rating of “Hold” from the fourteen analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$67.62.

Several equities research analysts have weighed in on TRP shares. ATB Capital raised their price target on TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. CIBC upped their price target on shares of TC Energy from C$66.00 to C$67.00 in a research note on Friday, November 8th. Scotiabank lifted their price objective on shares of TC Energy from C$68.00 to C$74.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a report on Monday, September 30th.

Insider Buying and Selling at TC Energy

In other TC Energy news, Director Mark Yeomans sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$61.58, for a total value of C$400,297.95. Also, Director Lindsay Mackay sold 3,520 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$70.00, for a total transaction of C$246,400.00. Over the last ninety days, insiders sold 89,490 shares of company stock valued at $5,749,355. 0.03% of the stock is owned by company insiders.

TC Energy Trading Down 0.5 %

TSE TRP opened at C$69.60 on Wednesday. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.24. The company has a 50 day moving average price of C$64.60 and a 200 day moving average price of C$58.62. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The firm has a market cap of C$72.38 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The business had revenue of C$4.08 billion for the quarter, compared to the consensus estimate 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, sell-side analysts forecast 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. Investors of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a yield of 6.40%. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is currently 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.