TC Energy (TSE:TRP) Sets New 12-Month High – Should You Buy?

TC Energy Co. (TSE:TRP) (NYSE:TRP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$95.85 and last traded at C$95.65, with a volume of 669201 shares traded. The stock had previously closed at C$94.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. Royal Bank Of Canada boosted their target price on TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. TD boosted their target price on TC Energy from C$88.00 to C$90.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Citigroup boosted their target price on TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. Finally, Canadian Imperial Bank of Commerce boosted their target price on TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$87.46.

TC Energy Trading Up 0.9%

The stock has a market capitalization of C$101.33 billion, a PE ratio of 30.49, a PEG ratio of 1.69 and a beta of 0.76. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. The business’s 50-day moving average is C$87.83 and its two-hundred day moving average is C$81.54.

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

Insider Activity at TC Energy

In other news, insider Dawn Elizabeth De Lima sold 25,342 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total value 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 approximately C$1,640,617.70. This represents a 57.82% decrease in their ownership of the stock. Also, Director Trevor Ebl sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. 0.03% of the stock is currently owned by corporate insiders.

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.