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

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$59.23.

A number of research analysts have issued reports on TRP shares. ATB Capital cut their target price on shares of TC Energy from C$60.00 to C$58.00 and set a “sector perform” rating on the stock in a research report on Thursday. BMO Capital Markets cut their price target on shares of TC Energy from C$65.00 to C$55.00 and set a “market perform” rating on the stock in a research report on Wednesday. Scotiabank cut their price target on shares of TC Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Royal Bank of Canada increased their price target on shares of TC Energy from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barclays increased their price target on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th.

Insider Transactions at TC Energy

In other news, Director Colin Lindley sold 2,773 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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. This trade represents a 0.00 % decrease in their position. In related news, Director Colin Lindley sold 2,773 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total value 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 approximately C$41,413.16. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Dawn Elizabeth De Lima bought 545 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of C$63.06 per share, with a total value of C$34,367.70. Insiders sold 95,479 shares of company stock valued at $5,860,018 in the last ninety days. 0.04% of the stock is currently owned by corporate insiders.

TC Energy Price Performance

TC Energy has a fifty-two week low of C$44.70 and a fifty-two week high of C$65.39. The stock’s 50 day moving average is C$61.41 and its 200-day moving average is C$55.64. 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 market cap of C$63.67 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (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 company had revenue of C$4.09 billion for the quarter, compared to the consensus estimate of C$3.78 billion. As a group, equities analysts predict that TC Energy will post 4.4244068 earnings per share for the current fiscal year.

TC Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 annualized dividend and a dividend yield of ∞. TC Energy’s dividend payout ratio is currently 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.