TC Energy Co. (TSE:TRP) Receives C$62.50 Average Price Target from Brokerages

TC Energy Co. (TSE:TRP – Get Rating) (NYSE:TRP) has received an average rating of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$62.50.

Several brokerages have commented on TRP. National Bankshares upped their price target on TC Energy from C$53.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 15th. UBS Group reduced their price target on TC Energy from C$62.00 to C$59.00 in a report on Monday, February 27th. CIBC raised TC Energy from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from C$63.00 to C$62.00 in a report on Thursday, February 2nd. Raymond James cut their price target on TC Energy from C$63.00 to C$62.00 in a report on Friday, February 3rd. Finally, BMO Capital Markets cut their price target on TC Energy from C$66.00 to C$64.00 in a report on Thursday, February 2nd.

TC Energy Stock Down 0.0 %

Shares of TSE:TRP opened at C$55.88 on Monday. The stock’s fifty day simple moving average is C$55.87 and its 200-day simple moving average is C$58.68. TC Energy has a 52-week low of C$52.12 and a 52-week high of C$74.44. The company has a market capitalization of C$55.88 billion, a P/E ratio of 87.31, a P/E/G ratio of 6.22 and a beta of 0.86. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 172.38.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 6.66%. This is a boost from TC Energy’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, March 30th. TC Energy’s dividend payout ratio (DPR) is 581.25%.

Insider Transactions at TC Energy

In related news, Director Robert C. Jacobucci purchased 2,800 shares of the firm’s stock in a transaction on Thursday, December 29th. The stock was purchased at an average cost of C$53.69 per share, with a total value of C$150,332.00. Following the completion of the purchase, the director now owns 6,085 shares in the company, valued at approximately C$326,703.65. 0.06% of the stock is owned by company insiders.

About TC Energy

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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 Storage. The company builds and operates 93,300 km network 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.