TC Energy (TSE:TRP) PT Raised to C$60.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by National Bankshares from C$58.00 to C$60.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of TC Energy from C$59.00 to C$64.00 in a research note on Tuesday, June 4th. ATB Capital raised their target price on shares of TC Energy from C$54.00 to C$56.00 in a research note on Wednesday, July 24th. Scotiabank reduced their target price on shares of TC Energy from C$68.00 to C$62.00 and set an outperform rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of TC Energy from C$58.00 to C$59.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$56.73.

TC Energy Stock Down 0.7 %

Shares of TSE:TRP opened at C$59.29 on Friday. The stock has a market cap of C$61.66 billion, a P/E ratio of 22.80, a P/E/G ratio of 0.26 and a beta of 0.74. The firm has a fifty day moving average price of C$53.97 and a 200 day moving average price of C$52.95. The company has a debt-to-equity ratio of 163.01, a current ratio of 0.94 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$59.98.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, May 3rd. The company reported C$1.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.14 by C$0.10. The firm had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$4.26 billion. TC Energy had a net margin of 17.31% and a return on equity of 8.37%. Sell-side analysts predict that TC Energy will post 4.1883013 EPS for the current year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 annualized dividend and a yield of 6.48%. TC Energy’s dividend payout ratio (DPR) is currently 147.69%.

Insider Buying and Selling at TC Energy

In other TC Energy news, Director Kevin B. Engel sold 546 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total transaction of C$29,227.38. In other news, Director Richard Prior sold 5,000 shares of TC Energy stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$40.00, for a total transaction of C$200,000.00. Also, Director Kevin B. Engel sold 546 shares of TC Energy stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$53.53, for a total transaction of C$29,227.38. In the last three months, insiders sold 6,876 shares of company stock worth $299,917. 0.04% of the stock is owned by corporate 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.