TC Energy Co. (TSE:TRP) Receives Consensus Rating of “Moderate Buy” from Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$71.62.

TRP has been the subject of several recent analyst reports. BMO Capital Markets lifted their target price on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. National Bankshares lifted their price target on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. ATB Capital raised their target price on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Scotiabank upped their price target on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th.

Insider Buying and Selling

In other TC Energy news, Director Trevor Ebl sold 9,554 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$68.48, for a total transaction of C$654,219.70. Also, 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 value of C$225,472.00. Insiders have sold 420,911 shares of company stock valued at $28,259,105 in the last quarter. Company insiders own 0.03% of the company’s stock.

TC Energy Price Performance

Shares of TSE:TRP opened at C$67.16 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’s fifty day moving average price is C$67.62 and its two-hundred day moving average price is C$62.66. The stock has a market cap of C$69.85 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a one year low of C$43.83 and a one year high of C$70.32.

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

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $1.113 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a dividend yield of 6.63%. TC Energy’s dividend payout ratio is 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.