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

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has been given a consensus rating of "Moderate Buy" by the ten ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$74.54.

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of TC Energy from C$74.00 to C$75.00 in a report on Thursday, August 14th. Cibc World Mkts cut shares of TC Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday. US Capital Advisors cut shares of TC Energy from a "moderate buy" rating to a "hold" rating in a research report on Thursday, August 21st. Jefferies Financial Group dropped their price target on shares of TC Energy from C$71.00 to C$68.00 in a research report on Wednesday, July 23rd. Finally, Citigroup set a C$75.00 price target on shares of TC Energy and gave the stock a "neutral" rating in a research report on Friday, September 5th.

TC Energy Stock Performance

TRP stock opened at C$73.93 on Friday. The company has a market capitalization of C$76.86 billion, a P/E ratio of 18.12, a PEG ratio of 1.69 and a beta of 0.84. The company has a 50-day simple moving average of C$72.00 and a 200 day simple moving average of C$68.88. TC Energy has a fifty-two week low of C$61.96 and a fifty-two week high of C$77.26. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

TC Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 29th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.6%. TC Energy's dividend payout ratio (DPR) is presently 85.36%.

Insider Activity

In other TC Energy news, Director Francois Lionel Poirier sold 53,946 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of C$70.49, for a total transaction of C$3,802,669.72. Following the sale, the director owned 113,550 shares in the company, valued at approximately C$8,004,173.57. The trade was a 32.21% decrease in their position. Also, Director Siim A. Vanaselja sold 40,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of C$70.07, for a total value of C$2,802,640.00. Following the sale, the director owned 12,000 shares in the company, valued at approximately C$840,792. The trade was a 76.92% decrease in their position. 0.03% of the stock is currently owned by insiders.

TC Energy Company Profile

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.

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