TC Energy (TSE:TRP) Sets New 12-Month High – Here’s What Happened

TC Energy Co. (TSE:TRP) (NYSE:TRP) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$98.73 and last traded at C$98.73, with a volume of 7322393 shares. The stock had previously closed at C$96.91.

Analyst Upgrades and Downgrades

TRP has been the topic of a number of recent analyst reports. 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 report on Monday, May 4th. Barclays lifted their price objective on shares of TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. ATB Cormark Capital Markets upped their price objective on shares of TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. National Bank Financial increased their price objective on shares of TC Energy from C$92.00 to C$102.00 in a research report on Monday, June 1st. Finally, Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price for the company. in a research note on Wednesday, June 10th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$89.86.

TC Energy Stock Performance

The company has a market cap of C$102.85 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70. 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 stock has a 50 day moving average price of C$91.49 and a two-hundred day moving average price of C$84.91.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results 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 business had revenue of C$3.86 billion during the quarter. On average, research analysts predict that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

Insider Buying and Selling at TC Energy

In other news, Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. Corporate insiders own 0.03% of the company’s stock.

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.