TC Energy Co. (NYSE:TRP) Given Average Rating of "Moderate Buy" by Brokerages

TC Energy Co. (NYSE:TRP - Get Free Report) TSE: TRP has earned an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $62.00.

TRP has been the subject of a number of research reports. TD Securities initiated coverage on TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada upped their price objective on TC Energy from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Citigroup began coverage on TC Energy in a report on Friday, April 4th. They issued a "neutral" rating for the company. StockNews.com lowered TC Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th.

TC Energy Trading Down 0.2 %

NYSE TRP traded down $0.09 during trading hours on Friday, reaching $48.92. The company had a trading volume of 1,669,824 shares, compared to its average volume of 2,576,990. TC Energy has a 1-year low of $35.38 and a 1-year high of $50.37. The stock has a market capitalization of $50.84 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.74. The stock has a 50-day moving average of $46.90 and a 200 day moving average of $47.08. The company has a current ratio of 0.55, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.54. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same quarter last year, the company posted $1.35 EPS. As a group, research analysts anticipate that TC Energy will post 2.63 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 6.95%. This is an increase from TC Energy's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, March 31st. TC Energy's dividend payout ratio is 72.84%.

Institutional Trading of TC Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lowe Wealth Advisors LLC acquired a new position in TC Energy in the first quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new position in shares of TC Energy during the fourth quarter worth approximately $31,000. Versant Capital Management Inc acquired a new position in shares of TC Energy in the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new stake in TC Energy in the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC purchased a new stake in TC Energy in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 83.13% 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.