TC Energy (NYSE:TRP) Posts Earnings Results

TC Energy (NYSE:TRP) (TSE:TRP) announced its quarterly earnings data on Friday. The pipeline company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.54, RTT News reports. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. During the same period last year, the firm earned $1.35 EPS.

TC Energy Price Performance

TRP stock traded down $1.77 during mid-day trading on Friday, reaching $45.63. The company’s stock had a trading volume of 1,518,636 shares, compared to its average volume of 2,067,994. TC Energy has a fifty-two week low of $31.83 and a fifty-two week high of $50.37. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The stock has a market cap of $47.41 billion, a PE ratio of 12.66, a P/E/G ratio of 4.45 and a beta of 0.81. The company’s 50 day moving average is $46.65 and its two-hundred day moving average is $46.49.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.45%. This is a boost from TC Energy’s previous quarterly dividend of $0.82. TC Energy’s dividend payout ratio is 63.43%.

Analysts Set New Price Targets

TRP has been the subject of several recent research reports. The Goldman Sachs Group raised their target price on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a report on Friday, October 25th. TD Securities started coverage on shares of TC Energy in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. StockNews.com assumed coverage on shares of TC Energy in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, BMO Capital Markets upped their price target on TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TC Energy currently has an average rating of “Hold” and an average price target of $56.00.

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.