TC Energy (TSE:TRP) Given New C$55.00 Price Target at BMO Capital Markets

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective trimmed by BMO Capital Markets from C$65.00 to C$55.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group upped their price objective on TC Energy from C$57.00 to C$66.00 and gave the stock a hold rating in a research note on Monday, September 30th. CIBC decreased their price target on shares of TC Energy from C$62.00 to C$57.00 and set a negative rating for the company in a research report on Wednesday. Scotiabank cut their price objective on shares of TC Energy from C$62.00 to C$61.00 and set an outperform rating on the stock in a research report on Wednesday, September 25th. Barclays increased their target price on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. Finally, UBS Group raised shares of TC Energy from a hold rating to a strong-buy rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$59.23.

TC Energy Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The company has a market cap of C$63.67 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. The business’s 50-day simple moving average is C$61.41 and its 200-day simple moving average is C$55.64. TC Energy has a 1-year low of C$44.70 and a 1-year high of C$65.39.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.89 by C$0.05. The company had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, equities analysts expect that TC Energy will post 4.4244068 earnings per share for the current year.

TC Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio is currently 116.01%.

Insider Transactions at TC Energy

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima bought 545 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of C$63.06 per share, for a total transaction of C$34,367.70. In other TC Energy news, Senior Officer Christine R. Johnston sold 16,292 shares of TC Energy stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the transaction, the insider now directly owns 466 shares of the company’s stock, valued at C$27,824.86. The trade was a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of TC Energy stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. Insiders have sold a total of 95,479 shares of company stock valued at $5,860,018 in the last ninety days. 0.04% of the stock is currently owned by corporate insiders.

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.