TC Energy (TSE:TRP) Price Target Raised to C$65.00 at BMO Capital Markets

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by BMO Capital Markets from C$57.00 to C$65.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Several other equities analysts also recently weighed in on TRP. Wells Fargo & Company boosted their target price on TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. CIBC upped their target price on TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. National Bankshares increased their price target on TC Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a report on Friday, August 23rd. Jefferies Financial Group boosted their price objective on shares of TC Energy from C$52.00 to C$57.00 and gave the company a hold rating in a research report on Monday, July 29th. Finally, ATB Capital raised their target price on shares of TC Energy from C$54.00 to C$56.00 in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$58.38.

TC Energy Stock Up 0.2 %

TSE TRP opened at C$63.34 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock’s 50 day moving average is C$57.98 and its 200 day moving average is C$54.48. TC Energy has a 12 month low of C$44.70 and a 12 month high of C$63.84. The stock has a market cap of C$65.87 billion, a PE ratio of 19.14, a P/E/G ratio of 0.26 and a beta of 0.81.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping the consensus estimate of C$0.89 by C$0.05. The business had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. Research analysts predict that TC Energy will post 4.3133803 EPS for the current fiscal year.

TC Energy Dividend Announcement

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

Insider Activity

In other TC Energy news, Senior Officer 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 C$62.71, for a total value of C$1,074,049.58. In other news, Senior Officer Patrick M. Keys sold 17,127 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$62.71, for a total value of C$1,074,049.58. Also, Director Kevin B. Engel sold 546 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total value of C$29,227.38. Insiders have sold a total of 65,152 shares of company stock worth $3,945,326 over the last quarter. 0.04% 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.