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

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP have been given an average rating of "Moderate Buy" by the sixteen analysts that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$74.17.

TRP has been the subject of several analyst reports. Cibc World Mkts raised TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Scotiabank lifted their price objective on TC Energy from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. TD Securities lifted their price objective on TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Citigroup raised TC Energy to a "hold" rating in a research report on Friday, April 4th. Finally, CIBC lifted their price objective on TC Energy from C$71.00 to C$76.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd.

Insider Transactions at TC Energy

In other news, Director Russell Mahan sold 16,990 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$69.37, for a total value of C$1,178,548.73. Also, Director Susanne Beaton sold 8,020 shares of TC Energy stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of C$70.00, for a total transaction of C$561,400.00. Over the last three months, insiders have sold 45,070 shares of company stock worth $3,141,916. 0.03% of the stock is owned by insiders.

TC Energy Trading Down 0.2%

TSE:TRP traded down C$0.13 during trading hours on Thursday, hitting C$65.43. 5,510,294 shares of the company were exchanged, compared to its average volume of 6,405,254. The stock has a market capitalization of C$67.47 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy has a one year low of C$46.07 and a one year high of C$71.12. The company has a fifty day simple moving average of C$68.08 and a 200 day simple moving average of C$67.29.

TC Energy Cuts Dividend

The firm 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 5.20%. TC Energy's payout ratio 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.