TC Energy Co. (TSE:TRP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$58.69.

A number of research firms have weighed in on TRP. Barclays upped their price target on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. BMO Capital Markets upped their price target on shares of TC Energy from C$57.00 to C$65.00 in a research report on Thursday, September 5th. Wells Fargo & Company upped their price target on shares of TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Scotiabank dropped their price target on shares of 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. Finally, National Bankshares upped their price target on shares of TC Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd.

Insider Activity at TC Energy

In other TC Energy news, Senior Officer Patrick M. Keys sold 17,127 shares of TC Energy stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$62.71, for a total value of C$1,074,049.58. In other TC Energy news, Senior Officer Patrick M. Keys sold 17,127 shares of TC Energy stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$62.71, for a total value of C$1,074,049.58. Also, Director Colin Lindley sold 2,773 shares of TC Energy stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the completion of the transaction, the director now directly owns 697 shares of the company’s stock, valued at C$41,413.16. Over the last ninety days, insiders sold 65,152 shares of company stock valued at $3,945,326. Corporate insiders own 0.04% of the company’s stock.

TC Energy Stock Up 0.5 %

Shares of TRP stock opened at C$62.57 on Friday. TC Energy has a 12 month low of C$44.70 and a 12 month high of C$64.28. The stock has a market cap of C$65.07 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.26 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The company has a 50 day simple moving average of C$58.84 and a two-hundred day simple moving average of C$54.72.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. On average, research analysts expect that TC Energy will post 4.4633124 earnings per share for the current year.

TC Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.84 annualized dividend and a yield of 6.14%. TC Energy’s payout ratio is 116.01%.

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.