TC Energy (NYSE:TRP) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of TC Energy (NYSE:TRP) (TSE:TRP) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the pipeline company’s stock.

A number of other equities analysts also recently commented on TRP. The Goldman Sachs Group lifted their price objective on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research note on Monday, October 14th. Veritas raised shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their price target on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and an average price target of $55.67.

TC Energy Price Performance

TC Energy stock opened at $49.07 on Tuesday. The company has a fifty day simple moving average of $47.27 and a 200-day simple moving average of $43.34. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $50.93 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 4.19 and a beta of 0.81. TC Energy has a 52-week low of $31.83 and a 52-week high of $50.37.

TC Energy (NYSE:TRP) (TSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.83 billion. On average, equities analysts anticipate that TC Energy will post 2.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC purchased a new stake in shares of TC Energy in the 2nd quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. increased its stake in TC Energy by 138.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 738 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 429 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of TC Energy during the third quarter worth about $28,000. Blue Trust Inc. boosted its stake in shares of TC Energy by 72.0% in the third quarter. Blue Trust Inc. now owns 638 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 267 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of TC Energy in the second quarter valued at approximately $33,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

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.