TC Energy Co. (TSE:TRP) Given Consensus Rating of “Hold” by Brokerages

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$54.44.

Several brokerages recently issued reports on TRP. Royal Bank of Canada dropped their price objective on TC Energy from C$54.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. National Bankshares raised their price target on TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Stifel Nicolaus set a C$61.00 price objective on shares of TC Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. TD Securities raised their target price on shares of TC Energy from C$50.00 to C$51.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. Finally, Jefferies Financial Group lowered their price target on shares of TC Energy from C$57.00 to C$51.00 in a research report on Wednesday, April 17th.

Insiders Place Their Bets

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of TC Energy stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of C$55.04 per share, with a total value of C$143,104.00. In related news, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of the company’s stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$55.04 per share, with a total value of C$143,104.00. Also, Director Kevin B. Engel sold 2,514 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the transaction, the director now owns -29 shares in the company, valued at approximately C($1,575.66). Over the last three months, insiders have bought 4,526 shares of company stock valued at $248,609. 0.04% of the stock is currently owned by insiders.

TC Energy Stock Up 3.3 %

TSE:TRP opened at C$51.44 on Friday. The stock has a fifty day simple moving average of C$52.40 and a 200-day simple moving average of C$51.61. The company has a current ratio of 0.96, a quick ratio of 0.40 and a debt-to-equity ratio of 163.32. The company has a market cap of C$53.50 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. TC Energy has a twelve month low of C$43.70 and a twelve month high of C$56.75.

TC Energy (TSE:TRP) (NYSE:TRP) last released 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 company had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$3.94 billion. TC Energy had a net margin of 18.34% and a return on equity of 8.39%. Analysts anticipate that TC Energy will post 4.1789916 EPS for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 7.47%. This is an increase from TC Energy’s previous quarterly dividend of $0.93. The ex-dividend date was Wednesday, March 27th. TC Energy’s dividend payout ratio (DPR) is 139.64%.

About TC Energy

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.