Brokerages Set TC Energy Co. (TSE:TRP) PT at C$69.77

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP have been given a consensus rating of "Hold" by the fifteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$69.77.

TRP has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Veritas raised shares of TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. Scotiabank boosted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Jefferies Financial Group increased their target price on TC Energy from C$64.00 to C$65.00 in a report on Wednesday, November 20th. Finally, National Bankshares boosted their price target on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th.

Insiders Place Their Bets

In other news, Director Mark Yeomans sold 6,764 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$62.39, for a total transaction of C$422,031.66. Also, Senior Officer Dawn Elizabeth De Lima bought 555 shares of TC Energy stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of C$62.82 per share, for a total transaction of C$34,865.66. Insiders have sold 446,284 shares of company stock worth $29,860,095 in the last 90 days. Company insiders own 0.03% of the company's stock.

TC Energy Trading Down 0.6 %

Shares of TSE TRP traded down C$0.42 during midday trading on Friday, hitting C$66.11. The stock had a trading volume of 5,226,400 shares, compared to its average volume of 6,668,257. The firm has a market cap of C$68.75 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32. 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$66.24 and its 200 day simple moving average is C$60.52.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) 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 firm had revenue of C$4.08 billion for the quarter, compared to analysts' expectations of C$3.90 billion. Research analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This is a boost from TC Energy's previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a yield of 6.73%. The ex-dividend date is Tuesday, December 31st. TC Energy's dividend payout ratio (DPR) is presently 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.