TC Energy Co. (TSE:TRP) Given Consensus Rating of "Moderate Buy" by Analysts

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has received an average rating of "Moderate Buy" from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$74.17.

Several brokerages have recently weighed in on TRP. Scotiabank lifted their price target on TC Energy from C$75.00 to C$77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. TD Securities lifted their price objective on TC Energy from C$74.00 to C$76.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Citigroup raised TC Energy to a "hold" rating in a research note on Friday, April 4th.

Insider Activity

In related news, Director Susanne Beaton sold 8,020 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$70.00, for a total transaction of C$561,400.00. Also, Senior Officer Dawn Elizabeth De Lima sold 64,802 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$69.16, for a total value of C$4,481,913.69. In the last quarter, insiders purchased 13,287 shares of company stock valued at $842,568 and sold 170,987 shares valued at $11,550,459. 0.03% of the stock is currently owned by corporate insiders.

TC Energy Price Performance

Shares of TSE TRP opened at C$67.66 on Wednesday. The stock has a market cap of C$69.77 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a fifty-two week low of C$46.07 and a fifty-two week high of C$70.97. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The stock has a fifty day moving average of C$67.94 and a 200-day moving average of C$67.19.

TC Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 5.03%. TC Energy's dividend payout ratio (DPR) is presently 76.37%.

About TC Energy

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.

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