TC Energy Co. (TSE:TRP) Receives Consensus Rating of "Hold" from Brokerages

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has been assigned an average recommendation of "Hold" from the fifteen brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$69.92.

A number of research analysts have commented on TRP shares. Wells Fargo & Company upped their price objective on TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. Jefferies Financial Group raised their target price on TC Energy from C$64.00 to C$65.00 in a report on Wednesday, November 20th. Barclays upped their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. National Bankshares upped their price objective on TC Energy from C$70.00 to C$71.00 in a research note on Wednesday, November 20th. Finally, Veritas raised TC Energy to a "strong sell" rating in a report on Tuesday, October 8th.

Insider Activity

In other news, Director Alexander (Alex) Oehler bought 6,540 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Also, Director Trevor Ebl sold 9,554 shares of TC Energy stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$68.48, for a total transaction of C$654,219.70. In the last 90 days, insiders sold 420,911 shares of company stock worth $28,259,105. 0.03% of the stock is currently owned by insiders.

TC Energy Stock Up 0.3 %

Shares of TSE:TRP traded up C$0.23 during trading on Thursday, hitting C$68.91. 2,313,450 shares of the company's stock traded hands, compared to its average volume of 5,864,210. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The company has a market cap of C$71.67 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.32. The company has a 50-day moving average price of C$67.52 and a 200-day moving average price of C$62.23.

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

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $1.113 dividend. The ex-dividend date is Tuesday, December 31st. 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 6.46%. TC Energy's dividend payout ratio is currently 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.