TC Energy (TSE:TRP) PT Lowered to C$60.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective cut by JPMorgan Chase & Co. from C$66.00 to C$60.00 in a report released on Tuesday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the company. CIBC cut their price target on TC Energy from C$62.00 to C$57.00 and set a negative rating on the stock in a research report on Wednesday, October 2nd. UBS Group raised shares of TC Energy from a hold rating to a strong-buy rating in a report on Monday, September 30th. ATB Capital decreased their price target on shares of TC Energy from C$60.00 to C$58.00 and set a sector perform rating for the company in a research note on Thursday, October 3rd. Barclays raised their price objective on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. Finally, Scotiabank reduced their target price on shares of TC Energy from C$62.00 to C$61.00 and set an outperform rating for the company in a report on Wednesday, September 25th. One investment 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. According to data from MarketBeat.com, TC Energy presently has an average rating of Moderate Buy and an average price target of C$59.31.

TC Energy Trading Down 0.1 %

TSE TRP opened at C$61.93 on Tuesday. The firm’s fifty day moving average price is C$61.61 and its 200 day moving average price is C$55.79. TC Energy has a 12 month low of C$45.96 and a 12 month high of C$65.39. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The company has a market capitalization of C$64.41 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

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, topping the consensus estimate of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. On average, sell-side analysts expect that TC Energy will post 4.4244068 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s payout ratio is 116.01%.

Insider Transactions at TC Energy

In other TC Energy news, Director Richard Prior sold 3,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$44.00, for a total value of C$132,000.00. In other TC Energy news, Director Richard Prior sold 3,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$44.00, for a total transaction of C$132,000.00. Also, Director Rosemary K. Stevens sold 1,200 shares of TC Energy stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the sale, the director now owns 987 shares of the company’s stock, valued at approximately C$59,101.56. The trade was a 0.00 % decrease in their ownership of the stock. In the last three months, insiders sold 95,479 shares of company stock valued at $5,860,018. Corporate insiders own 0.04% of the company’s stock.

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.