TC Energy (TSE:TRP) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) from a strong sell rating to a hold rating in a research note published on Sunday morning,Zacks.com reports.

TRP has been the subject of a number of other research reports. Raymond James Financial increased their target price on shares of TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Citigroup increased their target price on shares of TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. ATB Cormark Capital Markets increased their target price on shares of TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Jefferies Financial Group increased their target price on shares of TC Energy from C$80.00 to C$88.00 in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada increased their target price on shares of TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$86.18.

TC Energy Stock Down 1.0%

TRP opened at C$82.21 on Friday. The firm has a 50 day moving average price of C$86.55 and a 200 day moving average price of C$79.27. The company has a market cap of C$85.64 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72. TC Energy has a 1 year low of C$63.34 and a 1 year high of C$90.27. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Friday, February 13th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm had revenue of C$4.17 billion during the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. Sell-side analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Transactions at TC Energy

In other TC Energy news, insider Dawn Elizabeth De Lima sold 25,342 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the completion of the sale, the insider owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their ownership of the stock. 0.03% of the stock is owned by company insiders.

About TC Energy

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. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.