TC Energy (TRP) Set to Announce Quarterly Earnings on Friday

TC Energy (TSE:TRP) (NYSE:TRP) will be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect TC Energy to post earnings of C$1.14 per share for the quarter.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. The company had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$3.94 billion. TC Energy had a net margin of 18.34% and a return on equity of 8.39%.

TC Energy Stock Up 0.3 %

Shares of TC Energy stock opened at C$49.33 on Friday. The company has a market cap of C$51.30 billion, a P/E ratio of 17.94, a PEG ratio of 0.26 and a beta of 0.73. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.40 and a current ratio of 0.96. TC Energy has a one year low of C$43.70 and a one year high of C$56.98. The firm has a fifty day moving average of C$52.83 and a two-hundred day moving average of C$51.53.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.84 dividend on an annualized basis and a yield of 7.78%. This is an increase from TC Energy’s previous quarterly dividend of $0.93. TC Energy’s dividend payout ratio is presently 139.64%.

Insider Activity at TC Energy

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima acquired 750 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were purchased at an average cost of C$54.48 per share, with a total value of C$40,860.00. In other news, Senior Officer Dawn Elizabeth De Lima purchased 750 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of C$54.48 per share, with a total value of C$40,860.00. Also, Director Alexis A.J. Hudy purchased 875 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were purchased at an average cost of C$54.97 per share, for a total transaction of C$48,098.75. Following the completion of the purchase, the director now directly owns 875 shares in the company, valued at C$48,098.75. In the last three months, insiders have acquired 4,526 shares of company stock valued at $248,609. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRP. National Bankshares upped their price objective on shares of TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. CIBC increased their price target on shares of TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a report on Monday, January 8th. ATB Capital set a C$54.00 price target on shares of TC Energy and gave the company a “sector perform” rating in a report on Friday, January 5th. Scotiabank increased their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada cut their price target on shares of TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$54.44.

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.