Brokerages Set TC Energy Co. (TSE:TRP) Target Price at C$55.35

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$55.35.

Several analysts have recently commented on the stock. ATB Capital set a C$54.00 price target on shares of TC Energy and gave the company a “sector perform” rating in a research report on Friday, January 5th. Stifel Nicolaus set a C$61.00 target price on TC Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. increased their price target on TC Energy from C$57.00 to C$60.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. TD Securities boosted their price objective on shares of TC Energy from C$50.00 to C$51.00 and gave the company a “hold” rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group set a C$57.00 target price on shares of TC Energy and gave the company a “hold” rating in a research report on Tuesday, February 27th.

TC Energy Stock Performance

TSE TRP opened at C$49.60 on Tuesday. TC Energy has a fifty-two week low of C$43.70 and a fifty-two week high of C$56.98. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.40 and a current ratio of 0.96. The stock’s fifty day moving average is C$53.17 and its two-hundred day moving average is C$51.44. The firm has a market capitalization of C$51.58 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$4.24 billion during the quarter, compared to analyst estimates of C$3.94 billion. On average, research analysts anticipate that TC Energy will post 4.1789916 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 7.74%. The ex-dividend date is Wednesday, March 27th. This is a boost from TC Energy’s previous quarterly dividend of $0.93. TC Energy’s dividend payout ratio (DPR) is currently 139.64%.

Insiders Place Their Bets

In related news, Senior Officer Dawn Elizabeth De Lima acquired 2,600 shares of TC Energy stock in a transaction dated Monday, March 25th. The shares were acquired at an average cost of C$55.04 per share, for a total transaction of C$143,104.00. In other news, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of TC Energy stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of C$55.04 per share, with a total value of C$143,104.00. Also, Director Kevin B. Engel sold 2,514 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the transaction, the director now owns -29 shares of the company’s stock, valued at approximately C($1,575.66). Insiders acquired a total of 4,526 shares of company stock worth $248,609 over the last 90 days. Corporate insiders own 0.04% 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.