National Bankshares Boosts TC Energy (TSE:TRP) Price Target to C$60.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by National Bankshares from C$58.00 to C$60.00 in a research report report published on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

TRP has been the subject of several other research reports. Barclays upgraded shares of TC Energy from an equal weight rating to an overweight rating and raised their price target for the stock from C$55.00 to C$61.00 in a research note on Wednesday, July 17th. ATB Capital lifted their price objective on shares of TC Energy from C$54.00 to C$56.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of TC Energy from C$58.00 to C$59.00 and gave the company a neutral rating in a research note on Tuesday, April 16th. Scotiabank reduced their price objective on shares of TC Energy from C$68.00 to C$62.00 and set an outperform rating for the company in a research note on Friday. Finally, CIBC boosted their price target on shares of TC Energy from C$56.00 to C$59.00 in a research report on Monday, July 15th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TC Energy currently has a consensus rating of Moderate Buy and a consensus target price of C$56.73.

TC Energy Trading Down 0.7 %

Shares of TRP stock opened at C$59.29 on Friday. The company has a 50 day moving average of C$53.97 and a 200-day moving average of C$52.95. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 163.01. TC Energy has a 12-month low of C$44.70 and a 12-month high of C$59.98. The firm has a market cap of C$61.66 billion, a P/E ratio of 22.80, a PEG ratio of 0.26 and a beta of 0.74.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, May 3rd. The company reported C$1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.14 by C$0.10. TC Energy had a net margin of 17.31% and a return on equity of 8.37%. The company had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$4.26 billion. Sell-side analysts anticipate that TC Energy will post 4.1883013 earnings per share for the current year.

TC Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date is Friday, September 27th. TC Energy’s dividend payout ratio is currently 147.69%.

Insiders Place Their Bets

In other TC Energy news, Director Richard Prior sold 5,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$40.00, for a total value of C$200,000.00. In other TC Energy news, Director Richard Prior sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$40.00, for a total value of C$200,000.00. Also, Director Kevin B. Engel sold 546 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total transaction of C$29,227.38. Insiders sold 6,876 shares of company stock valued at $299,917 over the last three months. Insiders own 0.04% of the company’s stock.

About TC Energy

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.