TC Energy (TSE:TRP) Stock Rating Lowered by US Capital Advisors

Key Points

• TC Energy's stock rating has been downgraded by US Capital Advisors from "moderate buy" to "hold," indicating a more cautious outlook on the stock.
• Several analysts have recently adjusted their price targets for TC Energy, with Barclays raising it to C$75.00 and CIBC to C$76.00, while Jefferies decreased it to C$68.00.
• The company has an average consensus rating of "Moderate Buy" with a price target of C$74.42, despite mixed reviews from various analysts regarding its performance.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP was downgraded by investment analysts at US Capital Advisors from a "moderate buy" rating to a "hold" rating in a research note issued on Thursday,Zacks.com reports.

TRP has been the topic of several other research reports. Barclays raised their target price on shares of TC Energy from C$74.00 to C$75.00 in a research note on Thursday, August 14th. CIBC increased their price target on shares of TC Energy from C$71.00 to C$76.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group cut their target price on shares of TC Energy from C$71.00 to C$68.00 in a report on Wednesday, July 23rd. Cibc World Mkts raised shares of TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, National Bankshares raised their price objective on TC Energy from C$75.00 to C$76.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$74.42.

TC Energy Stock Performance

TSE:TRP opened at C$71.62 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The stock has a market capitalization of C$73.86 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm has a 50 day moving average of C$66.58 and a 200-day moving average of C$67.28. TC Energy has a 1 year low of C$54.59 and a 1 year high of C$72.25.

Insider Activity

In other news, Director Alexandra M. Costello sold 6,159 shares of the stock in a transaction dated Monday, May 26th. The shares were sold at an average price of C$69.55, for a total transaction of C$428,378.77. Also, Director Russell Mahan sold 11,424 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$70.22, for a total value of C$802,193.28. Insiders own 0.03% of the company's stock.

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.

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