TC Energy (TSE:TRP) Given New C$52.00 Price Target at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by Jefferies Financial Group from C$51.00 to C$52.00 in a report issued on Monday, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research analysts have also recently weighed in on the company. TD Securities boosted their price target on TC Energy from C$50.00 to C$51.00 and gave the stock a hold rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. upped their target price on shares of TC Energy from C$58.00 to C$59.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Barclays lifted their price target on shares of TC Energy from C$53.00 to C$55.00 in a research note on Monday, January 29th. Royal Bank of Canada reduced their price objective on TC Energy from C$54.00 to C$49.00 and set an outperform rating for the company in a research note on Tuesday, February 20th. Finally, CIBC boosted their price target on TC Energy from C$54.00 to C$55.00 and gave the company a neutral rating in a report on Monday, January 8th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of C$54.50.

TC Energy Stock Up 1.1 %

TSE:TRP opened at C$52.00 on Monday. The company has a debt-to-equity ratio of 162.75, a quick ratio of 0.40 and a current ratio of 0.94. The firm has a market cap of C$54.08 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.26 and a beta of 0.73. TC Energy has a fifty-two week low of C$43.70 and a fifty-two week high of C$56.75. The firm has a 50-day simple moving average of C$52.29 and a two-hundred day simple moving average of C$51.75.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, February 16th. The company reported C$1.35 earnings per share for the quarter, beating 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. Analysts predict that TC Energy will post 4.192339 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.84 annualized dividend and a yield of 7.38%. TC Energy’s payout ratio is currently 146.56%.

Insider Buying and Selling at TC Energy

In related news, Senior Officer Dawn Elizabeth De Lima bought 750 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average price of C$54.48 per share, for a total transaction of C$40,860.00. In other news, Senior Officer Dawn Elizabeth De Lima bought 750 shares of TC Energy stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of C$54.48 per share, with a total value of C$40,860.00. Also, Director Alexis A.J. Hudy purchased 875 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average cost of C$54.97 per share, with a total value of C$48,098.75. Following the completion of the purchase, the director now owns 875 shares in the company, valued at approximately C$48,098.75. Insiders have purchased a total of 4,526 shares of company stock worth $248,609 over the last ninety days. Company insiders own 0.04% of the company’s stock.

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.