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

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$87.46.

A number of research firms have recently weighed in on TRP. National Bank Financial raised their price target on TC Energy from C$86.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group raised their price target on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. Raymond James Financial raised their price target on TC Energy from C$74.00 to C$78.00 in a research note on Monday, March 30th. Canadian Imperial Bank of Commerce raised their price target on TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. Finally, TD Securities downgraded TC Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from C$84.00 to C$88.00 in a research note on Tuesday, February 17th.

Insider Transactions at TC Energy

In other news, insider Dawn Elizabeth De Lima sold 25,342 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the sale, the insider directly owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their position. Also, Director Trevor Ebl sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is owned by company insiders.

TC Energy Stock Up 0.6%

Shares of TC Energy stock opened at C$97.90 on Friday. The stock has a 50-day moving average price of C$88.29 and a 200 day moving average price of C$81.84. The company has a market cap of C$101.99 billion, a P/E ratio of 30.69, a P/E/G ratio of 1.69 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. TC Energy has a 1 year low of C$63.34 and a 1 year high of C$98.62.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion during the quarter. As a group, analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.