National Bankshares Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP - Free Report) NYSE: TRP had its price target hoisted by National Bankshares from C$60.00 to C$70.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. UBS Group upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Morgan Joseph raised shares of TC Energy from an "underweight" rating to an "overweight" rating and raised their price target for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. BMO Capital Markets lowered their price objective on shares of TC Energy from C$65.00 to C$55.00 and set a "market perform" rating for the company in a research report on Wednesday, October 2nd. Veritas upgraded shares of TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. Finally, Scotiabank boosted their price target on TC Energy from C$68.00 to C$74.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$66.15.

TC Energy Trading Down 1.5 %

TSE TRP traded down C$1.01 on Friday, hitting C$67.82. 3,536,000 shares of the stock were exchanged, compared to its average volume of 7,012,491. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$69.61. The firm has a market capitalization of C$70.53 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a fifty day moving average price of C$63.74 and a two-hundred day moving average price of C$57.67.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of C$3.90 billion. 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 issued a $1.113 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TC Energy's previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a yield of 6.56%. TC Energy's payout ratio is currently 116.01%.

Insider Transactions at TC Energy

In other news, Director Richard Prior sold 3,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$44.00, for a total transaction of C$132,000.00. In other news, Director Rosemary K. Stevens sold 1,200 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the sale, the director now directly owns 987 shares of the company's stock, valued at C$59,101.56. The trade was a 0.00 % decrease in their ownership of the stock. Also, Director Richard Prior sold 3,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$44.00, for a total value of C$132,000.00. Insiders have sold a total of 76,114 shares of company stock valued at $4,704,641 in the last 90 days. 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.