TC Energy (TSE:TRP) Stock Price Passes Above 200 Day Moving Average of $51.27

TC Energy Co. (TSE:TRPGet Free Report) (NYSE:TRP)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$51.27 and traded as high as C$55.01. TC Energy shares last traded at C$54.30, with a volume of 21,735,679 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus set a C$61.00 price objective on TC Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. Barclays increased their price objective on TC Energy from C$53.00 to C$55.00 in a research report on Monday, January 29th. Royal Bank of Canada lowered their price objective on TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. CIBC upped their price target on TC Energy from C$54.00 to C$55.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Finally, ATB Capital set a C$54.00 price target on TC Energy and gave the stock a “sector perform” rating in a research note on Friday, January 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$55.35.

Read Our Latest Stock Analysis on TRP

TC Energy Stock Performance

The firm has a market capitalization of C$56.47 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 0.26 and a beta of 0.74. The company has a debt-to-equity ratio of 163.32, a current ratio of 0.96 and a quick ratio of 0.40. The firm has a 50 day moving average price of C$53.38 and a 200-day moving average price of C$51.27.

TC Energy (TSE:TRPGet Free Report) (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 the consensus estimate of C$1.08 by C$0.27. The business had revenue of C$4.24 billion for the quarter, compared to analysts’ expectations of C$3.94 billion. TC Energy had a return on equity of 8.39% and a net margin of 18.34%. As a group, sell-side analysts expect that TC Energy Co. will post 4.1745068 earnings per share for the current fiscal 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 paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from TC Energy’s previous quarterly dividend of $0.93. This represents a $3.84 dividend on an annualized basis and a yield of 7.07%. TC Energy’s dividend payout ratio (DPR) is currently 139.64%.

Insider Buying and Selling at TC Energy

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

About TC Energy

(Get Free Report)

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.

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