Analysts Set TC Energy Co. (TSE:TRP) PT at C$69.77

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given a consensus rating of “Hold” by the fifteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$69.92.

A number of analysts have recently issued reports on TRP shares. Wells Fargo & Company boosted their price objective on TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. Veritas raised TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Raymond James raised TC Energy to a “hold” rating in a research note on Thursday, November 21st. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and boosted their price target for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Finally, Jefferies Financial Group boosted their price objective on TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th.

Insider Activity at TC Energy

In other news, Senior Officer Nancy Angenita Johnson sold 3,328 shares of TC Energy stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$67.75, for a total transaction of C$225,472.00. Also, Director Alexander (Alex) Oehler purchased 6,540 shares of TC Energy stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$66.05 per share, with a total value of C$431,947.64. Over the last ninety days, insiders sold 420,911 shares of company stock valued at $28,259,105. Insiders own 0.03% of the company’s stock.

TC Energy Stock Down 2.3 %

TRP opened at C$67.31 on Thursday. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The business has a 50 day moving average price of C$67.57 and a 200 day moving average price of C$62.40. The firm has a market cap of C$70.00 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. Research analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The business 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. The ex-dividend date is Tuesday, December 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a yield of 6.61%. TC Energy’s dividend payout ratio is 116.01%.

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.