Brokerages Set TC Energy Co. (TSE:TRP) Price Target at C$54.44

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$54.50.

Several equities research analysts have weighed in on TRP shares. Royal Bank of Canada decreased their price target on shares of TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. CIBC boosted their price objective on shares of TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. National Bankshares increased their target price on TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Stifel Nicolaus set a C$61.00 price target on shares of TC Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Jefferies Financial Group lifted their price objective on TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a report on Monday.

TC Energy Stock Performance

Shares of TRP stock opened at C$51.39 on Friday. TC Energy has a 52 week low of C$43.70 and a 52 week high of C$56.75. The company has a 50-day simple moving average of C$52.32 and a 200 day simple moving average of C$51.72. The company has a debt-to-equity ratio of 162.75, a quick ratio of 0.40 and a current ratio of 0.94. The company has a market capitalization of C$53.45 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.26 and a beta of 0.73.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Friday, February 16th. The company reported C$1.35 EPS for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.27. TC Energy had a return on equity of 8.37% and a net margin of 17.24%. The business had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$3.94 billion. On average, sell-side analysts predict that TC Energy will post 4.192339 earnings per share for the current year.

TC Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.96 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.84 annualized dividend and a yield of 7.47%. TC Energy’s dividend payout ratio (DPR) is currently 146.56%.

Insider Activity at TC Energy

In other news, Director Kevin B. Engel sold 2,514 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$54.33, for a total value of C$136,593.16. Following the transaction, the director now owns -29 shares in the company, valued at approximately C($1,575.66). In other TC Energy news, Director Kevin B. Engel sold 2,514 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the sale, the director now directly owns -29 shares in the company, valued at approximately C($1,575.66). Also, Senior Officer Dawn Elizabeth De Lima purchased 2,600 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of C$55.04 per share, for a total transaction of C$143,104.00. Insiders bought 4,526 shares of company stock worth $248,609 in the last three months. 0.04% of the stock is owned by company insiders.

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.