TC Energy Co. (TSE:TRP) Given Average Rating of “Hold” by Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$69.77.

Several equities analysts have recently issued reports on TRP shares. National Bankshares boosted their price objective on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Scotiabank boosted their price target on TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. Veritas upgraded shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price target on shares of TC Energy from C$64.00 to C$65.00 in a research report on Wednesday, November 20th.

Insider Buying and Selling at TC Energy

In related news, Senior Officer Dawn Elizabeth De Lima acquired 555 shares of TC Energy stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of C$62.82 per share, for a total transaction of C$34,865.66. Also, Director Jawad Masud sold 6,041 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$63.50, for a total value of C$383,603.50. In the last 90 days, insiders have sold 446,284 shares of company stock worth $29,860,095. Corporate insiders own 0.03% of the company’s stock.

TC Energy Price Performance

Shares of TSE:TRP opened at C$66.11 on Friday. 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 twelve month low of C$43.83 and a twelve month high of C$70.32. The company’s 50 day moving average is C$66.24 and its 200 day moving average is C$60.47. The company has a market cap of C$68.75 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last released 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. The firm had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, sell-side analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This represents a $4.45 annualized dividend and a dividend yield of 6.73%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s payout ratio is presently 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.