US Capital Advisors Downgrades TC Energy (TSE:TRP) to Hold

TC Energy (TSE:TRP) (NYSE:TRP) was downgraded by analysts at US Capital Advisors from a “moderate buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. National Bankshares raised their price target on shares of TC Energy from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. CIBC increased their price objective on shares of TC Energy from C$71.00 to C$76.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. TD Securities boosted their target price on shares of TC Energy from C$74.00 to C$76.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Cibc World Mkts upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 2nd. Finally, Scotiabank increased their price target on shares of TC Energy from C$75.00 to C$77.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$74.42.

TC Energy Price Performance

TRP stock opened at C$70.80 on Thursday. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. TC Energy has a 52-week low of C$55.27 and a 52-week high of C$72.25. The stock’s 50 day moving average is C$66.65 and its two-hundred day moving average is C$67.31. The company has a market capitalization of C$73.01 billion, a PE ratio of 14.08, a P/E/G ratio of 1.69 and a beta of 0.82.

Insider Activity

In related news, Director Alexandra M. Costello sold 6,159 shares of the stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$69.55, for a total value of C$428,378.77. Also, Director Russell Mahan sold 11,424 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$70.22, for a total transaction of C$802,193.28. 0.03% of the stock is currently owned by corporate insiders.

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.