Brokerages Set TC Energy Co. (TSE:TRP) Price Target at C$54.44

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$54.50.

A number of brokerages recently commented on TRP. Barclays upped their price target on shares of TC Energy from C$53.00 to C$55.00 in a research note on Monday, January 29th. Jefferies Financial Group lifted their target price on shares of TC Energy from C$51.00 to C$52.00 and gave the company a “hold” rating in a research report on Monday. National Bankshares upped their target price on TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. CIBC raised their price objective on TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. Finally, Scotiabank raised their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th.

Insider Buying and Selling

In related news, Director Kevin B. Engel sold 2,514 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the transaction, the director now directly owns -29 shares in the company, valued at approximately C($1,575.66). In related news, Director Kevin B. Engel sold 2,514 shares of TC Energy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the transaction, the director now owns -29 shares in the company, valued at C($1,575.66). Also, Director Alexis A.J. Hudy bought 875 shares of the stock in a transaction on Monday, March 25th. The shares were bought at an average cost of C$54.97 per share, with a total value of C$48,098.75. Following the purchase, the director now owns 875 shares of the company’s stock, valued at C$48,098.75. In the last quarter, insiders have acquired 4,526 shares of company stock worth $248,609. 0.04% of the stock is owned by company insiders.

TC Energy Price Performance

TC Energy stock opened at C$51.39 on Friday. The stock has a market capitalization of C$53.45 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.26 and a beta of 0.73. TC Energy has a 52-week low of C$43.70 and a 52-week high of C$56.75. The stock’s 50 day moving average price is C$52.32 and its two-hundred day moving average price is C$51.72. The company has a debt-to-equity ratio of 162.75, a quick ratio of 0.40 and a current ratio of 0.94.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping the consensus estimate of C$1.08 by C$0.27. TC Energy had a net margin of 17.24% and a return on equity of 8.37%. The company had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$3.94 billion. On average, equities analysts predict that TC Energy will post 4.192339 earnings per share for the current year.

TC Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date is Friday, June 28th. TC Energy’s dividend payout ratio (DPR) is presently 146.56%.

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.