US Capital Advisors upgraded shares of TC Energy (TSE:TRP - Free Report) NYSE: TRP from a hold rating to a moderate buy rating in a research report sent to investors on Monday morning,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy's Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $4.23 EPS, Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $1.04 EPS, FY2025 earnings at $3.99 EPS and FY2026 earnings at $3.87 EPS.
TRP has been the subject of several other research reports. Wells Fargo & Company raised their price objective on TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. BMO Capital Markets raised their target price on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Raymond James upgraded shares of TC Energy to a "hold" rating in a research note on Thursday, November 21st. Veritas upgraded shares of TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. Finally, ATB Capital raised their target price on shares of TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$73.00.
View Our Latest Stock Analysis on TC Energy
TC Energy Stock Down 0.5 %
Shares of TSE TRP traded down C$0.33 during mid-day trading on Monday, hitting C$66.95. The company had a trading volume of 3,336,841 shares, compared to its average volume of 4,788,917. The company has a market capitalization of C$69.63 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm has a 50-day simple moving average of C$67.07 and a two-hundred day simple moving average of C$64.32. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a one year low of C$43.83 and a one year high of C$70.32.
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 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 analysts' expectations of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, equities analysts expect that TC Energy will post 3.5490515 EPS for the current year.
Insiders Place Their Bets
In other news, Director Colin Lindley sold 3,194 shares of TC Energy stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total value of C$219,425.56. Following the completion of the sale, the director now directly owns 697 shares in the company, valued at approximately C$47,883.41. The trade was a 82.09 % decrease in their ownership of the stock. Also, Director Jessica A. Kirstine sold 3,394 shares of TC Energy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$69.00, for a total transaction of C$234,186.00. Following the completion of the sale, the director now owns 725 shares of the company's stock, valued at approximately C$50,025. The trade was a 82.40 % decrease in their ownership of the stock. Insiders sold 408,029 shares of company stock worth $27,379,414 over the last three months. Insiders own 0.03% of the company's stock.
About TC Energy
(
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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.
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