Analysts have set TC Energy Co. (TSE:TRP) PT at $58.38

TC Energy Co. (TSE:TRP – Get Your Free Report ) (NYSE:TRP) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $58.38.

A number of equities analysts recently weighed in on TRP shares. Jefferies Financial Group boosted their price objective on shares of TC Energy from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Barclays upped their target price on TC Energy from $61.00 to $64.00 in a research note on Monday, August 19th. National Bankshares raised their price objective on TC Energy from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. CIBC upped their target price on shares of TC Energy from $56.00 to $59.00 in a research report on Monday, July 15th. Finally, Scotiabank cut their price target on shares of TC Energy from $68.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd.

Check out our latest report on TC Energy

Insiders place their bets

In related news, COO Patrick M. Keys sold 17,127 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $62.71, for a total transaction of $1,074,049.58. In other TC Energy news, COO Christine R. Johnston sold 16,292 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $59.71, for a total value of $972,795.32. Following the transaction, the insider now owns 466 shares of the company’s stock, valued at $27,824.86. Also, SVP Patrick M. Keys sold 17,127 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $62.71, for a total value of $1,074,049.58. Insiders have sold 65,152 shares of company stock worth $3,945,326 over the last ninety days. Company insiders hold 0.04% of the company’s shares.

TC Energy Price Performance

Shares of TRP stock opened at $63.34 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.40, and a debt-to-equity ratio of 160.84. TC Energy has a twelve month low of $44.70 and a twelve month high of $63.84. The firm has a market cap of $65.87 billion, a PE ratio of 19.14, a P/E/G ratio of 0.26 and a beta of 0.81. The stock’s 50-day moving average is $57.98, and its two-hundred-day moving average is $54.48.

TC Energy (TSE:TRP – Get Your Free Report ) (NYSE:TRP) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.89 by $0.05. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. research analysts anticipate that TC Energy will post 4.3133803 earnings per share for the current year.

TC Energy announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a $0.96 dividend. This represents an annualized dividend of $3.84 and a dividend yield of 6.06%. The ex-dividend date is Friday, September 27. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

TC Energy Company Profile

(Get a free report

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian natural gas pipelines; US natural gas pipelines; Mexico Natural gas pipelines; Liquid pipes; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines that transport natural gas from supply basins to local distribution companies, power plants, industrial facilities, interconnection pipelines, LNG export terminals and other businesses.

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