TC Energy (TSE:TRP) Price Target Raised to C$52.00 at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its target price increased by Jefferies Financial Group from C$51.00 to C$52.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts have also recently weighed in on TRP. 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 note on Wednesday, February 21st. Barclays lifted their price objective on TC Energy from C$53.00 to C$55.00 in a research note on Monday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of TC Energy from C$58.00 to C$59.00 and gave the company a neutral rating in a research report on Tuesday, April 16th. National Bankshares boosted their price target on shares of 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. Finally, Stifel Nicolaus set a C$61.00 target price on shares of TC Energy and gave the stock a buy rating in a research note on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of C$54.50.

TC Energy Stock Up 0.4 %

TRP opened at C$52.20 on Monday. The firm has a market cap of C$54.29 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. The business has a 50 day moving average price of C$52.26 and a 200 day moving average price of C$51.75. The company has a debt-to-equity ratio of 162.75, a quick ratio of 0.40 and a current ratio of 0.94. TC Energy has a twelve month low of C$43.70 and a twelve month high of C$56.50.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. The business 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 17.24% and a return on equity of 8.37%. Research analysts forecast that TC Energy will post 4.192339 EPS for the current year.

TC Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a dividend of $0.96 per share. The ex-dividend date is Friday, June 28th. This represents a $3.84 annualized dividend and a dividend yield of 7.36%. TC Energy’s dividend payout ratio (DPR) is presently 146.56%.

Insider Activity

In other news, Director Kevin B. Engel sold 2,514 shares of TC Energy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the transaction, the director now owns -29 shares of the company’s stock, valued at approximately C($1,575.66). In other news, Director Kevin B. Engel sold 2,514 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the completion of the transaction, the director now owns -29 shares in the company, valued at C($1,575.66). Also, Director Alexis A.J. Hudy acquired 875 shares of the company’s stock in a transaction on Monday, March 25th. The shares were purchased at an average cost of C$54.97 per share, with a total value of C$48,098.75. Following the completion of the purchase, the director now directly owns 875 shares of the company’s stock, valued at C$48,098.75. In the last 90 days, insiders have acquired 4,526 shares of company stock worth $248,609. Corporate insiders own 0.04% of the company’s stock.

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.