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

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has been assigned a consensus rating of "Hold" from the fourteen analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$61.92.

Several research firms have recently issued reports on TRP. JPMorgan Chase & Co. decreased their target price on TC Energy from C$66.00 to C$60.00 and set a "neutral" rating for the company in a research report on Tuesday, October 8th. Morgan Joseph upgraded TC Energy from an "underweight" rating to an "overweight" rating and boosted their target price for the stock from C$62.00 to C$78.00 in a research report on Friday. UBS Group upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 30th. National Bankshares decreased their price objective on TC Energy from C$65.00 to C$60.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Finally, Scotiabank decreased their price objective on TC Energy from C$62.00 to C$61.00 and set an "outperform" rating for the company in a research report on Wednesday, September 25th.

Insider Buying and Selling at TC Energy

In related news, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were bought at an average price of C$63.06 per share, for a total transaction of C$34,367.70. In related news, Director Richard Prior sold 3,000 shares of the business's stock in a transaction that occurred 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. Also, Senior Officer Dawn Elizabeth De Lima bought 545 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. In the last quarter, insiders have sold 95,479 shares of company stock worth $5,860,018. Corporate insiders own 0.03% of the company's stock.

TC Energy Trading Up 0.9 %

TRP stock traded up C$0.60 during midday trading on Friday, reaching C$65.68. The stock had a trading volume of 2,599,354 shares, compared to its average volume of 7,215,551. The business has a fifty day simple moving average of C$62.74 and a two-hundred day simple moving average of C$56.58. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The firm has a market cap of C$68.31 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a twelve month low of C$42.45 and a twelve month high of C$66.70.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping analysts' consensus estimates of C$0.89 by C$0.05. The firm had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. As a group, research analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 5.85%. The ex-dividend date is Friday, September 27th. TC Energy's payout ratio is 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.