TC Energy Co. (TSE:TRP) Receives Average Rating of “Hold” from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$69.77.

TRP has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. Scotiabank upped their target price on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Jefferies Financial Group upped their price objective on TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th. Finally, Raymond James upgraded TC Energy to a “hold” rating in a research report on Thursday, November 21st.

Insiders Place Their Bets

In related news, Director Alexander (Alex) Oehler bought 6,540 shares of the stock in a transaction on Monday, December 30th. The shares were purchased at an average price of C$66.05 per share, with a total value of C$431,947.64. Also, Director Lindsay Mackay sold 3,520 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$70.00, for a total transaction of C$246,400.00. In the last 90 days, insiders sold 420,911 shares of company stock worth $28,259,105. Insiders own 0.03% of the company’s stock.

TC Energy Stock Up 0.2 %

Shares of TSE TRP opened at C$68.68 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. TC Energy has a 1 year low of C$43.83 and a 1 year high of C$70.32. The stock’s 50-day simple moving average is C$67.43 and its 200-day simple moving average is C$62.18. The firm has a market cap of C$71.43 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted 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 company had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. As a group, equities analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given 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 yield of 6.48%. TC Energy’s dividend payout ratio (DPR) is currently 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.