TC Energy Co. (TSE:TRP) Receives Average Recommendation of “Hold” from Brokerages

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$90.79.

Several equities research analysts have recently commented on the company. National Bank Financial upped their price target on TC Energy from C$92.00 to C$102.00 in a research note on Monday, June 1st. Raymond James Financial boosted their price objective on shares of TC Energy from C$74.00 to C$78.00 in a research note on Monday, March 30th. ATB Cormark Capital Markets upped their price objective on shares of TC Energy from C$87.00 to C$92.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. TD set a C$98.00 price objective on shares of TC Energy and gave the stock a “hold” rating in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price for the company in a research note on Sunday, April 19th.

Insiders Place Their Bets

In related news, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total value of C$147,585.00. Corporate insiders own 0.03% of the company’s stock.

TC Energy Stock Performance

Shares of TRP stock opened at C$97.79 on Monday. The stock’s 50-day moving average price is C$95.63 and its 200 day moving average price is C$87.77. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. The stock has a market capitalization of C$101.87 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. TC Energy has a 52-week low of C$64.04 and a 52-week high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The company had revenue of C$3.86 billion during the quarter. As a group, equities research analysts forecast that TC Energy will post 3.5490515 EPS for the current 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.