TC Energy (TSE:TRP) Given New C$70.00 Price Target at National Bankshares

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective raised by National Bankshares from C$60.00 to C$70.00 in a research note published on Friday morning,BayStreet.CA reports.

Several other research firms have also commented on TRP. CIBC lowered their price objective on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating for the company in a research report on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. Scotiabank upped their price objective on TC Energy from C$68.00 to C$74.00 in a research report on Friday. JPMorgan Chase & Co. cut their target price on TC Energy from C$66.00 to C$60.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Finally, ATB Capital lowered their price target on TC Energy from C$60.00 to C$58.00 and set a “sector perform” rating for the company in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, TC Energy currently has an average rating of “Hold” and an average price target of C$66.15.

TC Energy Stock Performance

TRP opened at C$69.10 on Friday. 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 stock has a market capitalization of C$71.86 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.69 and a beta of 0.82. The company has a fifty day moving average of C$63.74 and a 200 day moving average of C$57.73. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$69.61.

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

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $1.113 dividend. This represents a $4.45 annualized dividend and a yield of 6.44%. 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. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Insider Buying and Selling at TC Energy

In other news, Director Richard Prior sold 18,068 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$63.00, for a total transaction of C$1,138,284.00. In other news, Director Richard Prior sold 18,068 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$63.00, for a total transaction of C$1,138,284.00. Also, Senior Officer Nancy Angenita Johnson sold 5,414 shares of TC Energy stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$61.16, for a total value of C$331,133.78. Insiders sold a total of 74,914 shares of company stock valued at $4,632,785 in the last three months. Company insiders own 0.03% 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.