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

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$73.00.

A number of equities research analysts recently weighed in on TRP shares. Barclays boosted their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and upped their target price for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Raymond James raised TC Energy to a “hold” rating in a report on Thursday, November 21st. CIBC upped their price objective on TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Finally, TD Securities set a C$73.00 target price on TC Energy and gave the stock a “buy” rating in a research report on Wednesday, January 15th.

Insider Buying and Selling at TC Energy

In related news, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total value of C$225,472.00. Also, Director Alexander (Alex) Oehler bought 6,540 shares of TC Energy stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$66.05 per share, with a total value of C$431,947.64. In the last ninety days, insiders sold 420,911 shares of company stock valued at $28,259,105. 0.03% of the stock is owned by corporate insiders.

TC Energy Trading Down 0.0 %

TSE:TRP opened at C$65.49 on Monday. The company has a market cap of C$68.11 billion, a PE ratio of 19.79, a P/E/G ratio of 1.69 and a beta of 0.82. The business’s 50 day moving average is C$67.23 and its two-hundred day moving average is C$63.92. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.32.

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

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $1.113 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.80%. TC Energy’s payout ratio is presently 116.01%.

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.