A number of other research firms also recently weighed in on TRP. National Bank Financial raised their price target on TC Energy from C$65.00 to C$66.00 in a research report on Thursday, February 17th. US Capital Advisors cut TC Energy from an “overweight” rating to a “hold” rating in a research note on Friday, March 11th. Zacks Investment Research cut TC Energy from a “hold” rating to a “sell” rating and set a $58.00 price target on the stock. in a research report on Thursday, April 28th. Wells Fargo & Company boosted their price objective on shares of TC Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 22nd. Finally, Scotiabank boosted their target price on shares of TC Energy from C$72.00 to C$78.00 in a research note on Wednesday, April 13th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.17.
NYSE TRP traded up $0.40 during midday trading on Thursday, hitting $54.08. The company had a trading volume of 53,535 shares, compared to its average volume of 1,907,576. The company has a market capitalization of $53.16 billion, a PE ratio of 20.41, a P/E/G ratio of 4.14 and a beta of 0.72. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average price of $56.09 and a 200-day moving average price of $51.99. TC Energy has a twelve month low of $44.77 and a twelve month high of $59.06.
A number of institutional investors and hedge funds have recently made changes to their positions in TRP. Advisor Group Holdings Inc. boosted its stake in TC Energy by 9.3% in the third quarter. Advisor Group Holdings Inc. now owns 37,333 shares of the pipeline company’s stock valued at $1,796,000 after acquiring an additional 3,184 shares in the last quarter. Commerce Bank acquired a new stake in TC Energy in the third quarter valued at approximately $232,000. Boston Private Wealth LLC raised its holdings in shares of TC Energy by 18.8% in the third quarter. Boston Private Wealth LLC now owns 4,996 shares of the pipeline company’s stock worth $240,000 after buying an additional 789 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of TC Energy in the third quarter worth $820,000. Finally, Alliancebernstein L.P. raised its holdings in shares of TC Energy by 18.7% in the third quarter. Alliancebernstein L.P. now owns 168,843 shares of the pipeline company’s stock worth $8,120,000 after buying an additional 26,635 shares during the last quarter. Institutional investors own 70.11% of the company’s stock.
About TC Energy (Get Rating)
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 Storage. The company builds and operates 93,300 km network 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.
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