TC Energy Co. (TSE:TRP) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give TC Energy a consensus rating of "Hold" (12 firms), with eight holds and four buys and an average 1‑year price target of C$86.18.
• Insider Dawn Elizabeth De Lima sold 25,342 shares at C$88.73 on March 24th for about C$2.25 million, reducing her stake by 57.82%; corporate insiders collectively own just 0.03% of the company.
• Shares trade near the 52‑week high (opened C$88.16; 52‑week high C$89.68), with a market cap of C$91.84 billion, P/E of 26.96, quarterly EPS of C$0.98 and analysts projecting roughly 3.55 EPS for the year.

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has been given a consensus rating of "Hold" by the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and four have given a 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$86.18.

A number of research analysts have issued reports on TRP shares. Canadian Imperial Bank of Commerce lowered shares of TC Energy from an "outperform" rating to a "hold" rating and upped their price target for the company from C$81.00 to C$85.00 in a research note on Tuesday, February 17th. Royal Bank Of Canada lifted their price objective on shares of TC Energy from C$84.00 to C$92.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. National Bank Financial upped their target price on TC Energy from C$85.00 to C$86.00 and gave the company a "hold" rating in a research report on Tuesday, February 17th. Jefferies Financial Group raised their target price on TC Energy from C$80.00 to C$88.00 in a research note on Tuesday, February 17th. Finally, ATB Cormark Capital Markets lifted their price target on TC Energy from C$73.00 to C$80.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 17th.

Insider Transactions at TC Energy

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of the firm's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the transaction, the insider owned 18,490 shares of the company's stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their ownership of the stock. Corporate insiders own 0.03% of the company's stock.

TC Energy Price Performance

Shares of TSE TRP opened at C$88.16 on Friday. TC Energy has a fifty-two week low of C$62.17 and a fifty-two week high of C$89.68. The company has a market cap of C$91.84 billion, a PE ratio of 26.96, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a debt-to-equity ratio of 223.25, a quick ratio of 0.40 and a current ratio of 0.63. The business has a 50-day simple moving average of C$85.27 and a two-hundred day simple moving average of C$78.25.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm had revenue of C$4.17 billion for the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. As a group, equities analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

About TC Energy

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. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.

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