TC Energy (TSE:TRP) Given New C$71.00 Price Target at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by Jefferies Financial Group from C$65.00 to C$71.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Several other research firms have also issued reports on TRP. TD Securities set a C$73.00 target price on TC Energy and gave the stock a “buy” rating in a research report on Wednesday, January 15th. National Bankshares boosted their price objective on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Barclays increased their target price on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. Raymond James raised shares of TC Energy to a “hold” rating in a research report on Thursday, November 21st. Finally, ATB Capital upped their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$73.00.

TC Energy Trading Up 0.0 %

Shares of TSE TRP opened at C$65.50 on Thursday. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32. The firm has a market capitalization of C$68.12 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The company’s 50 day simple moving average is C$67.39 and its 200 day simple moving average is C$63.72.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The business had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. On average, analysts predict that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $1.113 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.80%. TC Energy’s dividend payout ratio (DPR) is 116.01%.

Insider Buying and Selling

In other TC Energy news, Director Jawad Masud sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$66.50, for a total transaction of C$332,500.00. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$66.05 per share, with a total value of C$431,947.64. Over the last 90 days, insiders sold 420,911 shares of company stock worth $28,259,105. 0.03% of the stock is owned by insiders.

About TC Energy

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.