Barclays Increases TC Energy (TSE:TRP) Price Target to C$64.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by Barclays from C$61.00 to C$64.00 in a research note issued to investors on Monday, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. CIBC raised their target price on shares of TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. Scotiabank cut their price objective on TC Energy from C$68.00 to C$62.00 and set an outperform rating for the company in a research report on Friday, August 2nd. Jefferies Financial Group boosted their target price on TC Energy from C$52.00 to C$57.00 and gave the stock a hold rating in a research report on Monday, July 29th. ATB Capital increased their price target on TC Energy from C$54.00 to C$56.00 in a research note on Wednesday, July 24th. Finally, National Bankshares lifted their price objective on TC Energy from C$58.00 to C$60.00 and gave the stock an outperform rating in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$57.38.

TC Energy Trading Up 0.8 %

Shares of TRP opened at C$60.51 on Monday. The firm has a market cap of C$62.93 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.26 and a beta of 0.81. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy has a 1 year low of C$44.70 and a 1 year high of C$61.35. The company has a 50 day simple moving average of C$55.90 and a two-hundred day simple moving average of C$53.66.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be given a $0.96 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.84 dividend on an annualized basis and a yield of 6.35%. TC Energy’s dividend payout ratio is presently 116.01%.

Insiders Place Their Bets

In other news, Senior Officer Christine R. Johnston sold 16,292 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total value of C$972,795.32. Following the completion of the sale, the insider now owns 466 shares in the company, valued at approximately C$27,824.86. In other news, Senior Officer Christine R. Johnston sold 16,292 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the transaction, the insider now owns 466 shares of the company’s stock, valued at C$27,824.86. Also, Director Richard Prior sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$40.00, for a total value of C$200,000.00. Insiders sold 34,525 shares of company stock valued at $1,919,594 over the last three months. 0.04% of the stock is owned by company insiders.

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.