TC Energy Co. (TSE:TRP) Receives C$74.46 Average PT from Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$74.46.

A number of analysts have recently commented on TRP shares. Citigroup set a C$75.00 price objective on shares of TC Energy and gave the stock a “neutral” rating in a research report on Friday, September 5th. National Bankshares boosted their price objective 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. Jefferies Financial Group cut their price objective on shares of TC Energy from C$71.00 to C$68.00 in a research report on Wednesday, July 23rd. Barclays boosted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research report on Thursday, August 14th. Finally, US Capital Advisors lowered shares of TC Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 21st.

TC Energy Stock Performance

Shares of TRP stock opened at C$72.65 on Tuesday. The company’s fifty day simple moving average is C$69.02 and its 200-day simple moving average is C$68.11. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The firm has a market cap of C$75.53 billion, a PE ratio of 17.81, a P/E/G ratio of 1.69 and a beta of 0.92. TC Energy has a 12 month low of C$55.30 and a 12 month high of C$72.78.

TC Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.7%. TC Energy’s dividend payout ratio (DPR) is currently 85.36%.

Insider Buying and Selling at TC Energy

In other news, Director Francois Lionel Poirier sold 53,946 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$70.49, for a total value of C$3,802,669.72. Following the transaction, the director directly owned 113,550 shares of the company’s stock, valued at C$8,004,173.57. This represents a 32.21% decrease in their ownership of the stock. Also, Director Siim A. Vanaselja sold 40,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of C$70.07, for a total transaction of C$2,802,640.00. Following the completion of the transaction, the director directly owned 12,000 shares in the company, valued at C$840,792. The trade was a 76.92% decrease in their ownership of the stock. Corporate insiders own 0.03% of the company’s stock.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system.