TC Energy Co. (TSE:TRP) Receives C$54.44 Consensus Target Price from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$54.50.

TRP has been the subject of a number of analyst reports. Stifel Nicolaus set a C$61.00 target price on shares of TC Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. Royal Bank of Canada decreased their price objective on shares of TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. TD Securities raised their target price on TC Energy from C$50.00 to C$51.00 and gave the company a “hold” rating in a report on Wednesday, February 21st. National Bankshares increased their price objective on TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price on TC Energy from C$58.00 to C$59.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th.

Insider Activity at TC Energy

In other TC Energy news, Director Kevin B. Engel sold 2,514 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the sale, the director now owns -29 shares in the company, valued at approximately C($1,575.66). In other TC Energy news, Director Kevin B. Engel sold 2,514 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$54.33, for a total value of C$136,593.16. Following the sale, the director now owns -29 shares of the company’s stock, valued at approximately C($1,575.66). Also, Senior Officer Dawn Elizabeth De Lima acquired 750 shares of TC Energy stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average cost of C$54.48 per share, with a total value of C$40,860.00. Insiders have bought 4,526 shares of company stock worth $248,609 over the last three months. Company insiders own 0.04% of the company’s stock.

TC Energy Price Performance

Shares of TSE:TRP opened at C$52.00 on Friday. The business has a fifty day simple moving average of C$52.29 and a 200 day simple moving average of C$51.75. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 162.75. TC Energy has a 1 year low of C$43.70 and a 1 year high of C$56.75. The firm has a market cap of C$54.08 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 0.26 and a beta of 0.73.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Friday, February 16th. The company reported C$1.35 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. The company had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.24%. As a group, sell-side analysts predict that TC Energy will post 4.192339 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s payout ratio is presently 146.56%.

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.