TC Energy (TSE:TRP) Raised to “Moderate Buy” at US Capital Advisors

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by equities research analysts at US Capital Advisors from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $1.02 EPS, Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.04 EPS.

A number of other brokerages have also recently issued reports on TRP. Raymond James raised shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Barclays lifted their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. CIBC boosted their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Finally, Wells Fargo & Company boosted their target price on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.00.

TC Energy Trading Up 1.4 %

Shares of TRP stock opened at C$66.87 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy has a 12-month low of C$43.83 and a 12-month high of C$70.32. The firm has a 50 day moving average price of C$67.16 and a two-hundred day moving average price of C$64.09. The company has a market capitalization of C$69.54 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

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

Insider Buying and Selling

In related news, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total value of C$225,472.00. Also, Director Alexander (Alex) Oehler purchased 6,540 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$66.05 per share, with a total value of C$431,947.64. In the last ninety days, insiders sold 420,911 shares of company stock valued at $28,259,105. Company insiders own 0.03% 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.