TC Energy Co. (TSE:TRP) Given Consensus Recommendation of “Hold” by Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$54.44.

TRP has been the subject of several analyst reports. National Bankshares increased their target price 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. CIBC lifted their target price on shares of TC Energy from C$54.00 to C$55.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Jefferies Financial Group dropped their price target on shares of TC Energy from C$57.00 to C$51.00 in a research report on Wednesday, April 17th. ATB Capital set a C$54.00 price objective on shares of TC Energy and gave the company a “sector perform” rating in a research report on Friday, January 5th. Finally, Stifel Nicolaus set a C$61.00 target price on shares of TC Energy and gave the stock a “buy” rating in a report on Thursday, January 18th.

TC Energy Trading Up 3.3 %

Shares of TRP opened at C$51.44 on Friday. TC Energy has a fifty-two week low of C$43.70 and a fifty-two week high of C$56.75. The firm has a market cap of C$53.50 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 0.26 and a beta of 0.73. The firm has a 50 day moving average price of C$52.40 and a 200-day moving average price of C$51.61. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.40 and a current ratio of 0.96.

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 the consensus estimate of C$1.08 by C$0.27. TC Energy had a net margin of 18.34% and a return on equity of 8.39%. The business had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$3.94 billion. As a group, equities research analysts forecast that TC Energy will post 4.1789916 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.96 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.93. The ex-dividend date was Wednesday, March 27th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.47%. TC Energy’s dividend payout ratio (DPR) is currently 139.64%.

Insider Activity

In related news, Senior Officer Dawn Elizabeth De Lima acquired 2,600 shares of TC Energy stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of C$55.04 per share, with a total value of C$143,104.00. In other news, Director Alexis A.J. Hudy bought 875 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of C$54.97 per share, with a total value of C$48,098.75. Following the completion of the acquisition, the director now owns 875 shares of the company’s stock, valued at C$48,098.75. Also, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of C$55.04 per share, for a total transaction of C$143,104.00. Over the last ninety days, insiders acquired 4,526 shares of company stock worth $248,609. Insiders own 0.04% of the company’s stock.

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.