Jefferies Financial Group Boosts TC Energy (TSE:TRP) Price Target to C$66.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target increased by Jefferies Financial Group from C$57.00 to C$66.00 in a research report report published on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

TRP has been the subject of a number of other reports. National Bankshares raised their target price on TC Energy from C$60.00 to C$65.00 and gave the company an outperform rating in a report on Friday, August 23rd. BMO Capital Markets raised their price objective on shares of TC Energy from C$57.00 to C$65.00 in a research note on Thursday, September 5th. Scotiabank cut their target price on shares of TC Energy from C$62.00 to C$61.00 and set an outperform rating on the stock in a research note on Wednesday, September 25th. CIBC boosted their price target on shares of TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. Finally, ATB Capital upped their price objective on TC Energy from C$56.00 to C$60.00 and gave the stock a sector perform rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$58.38.

TC Energy Stock Performance

Shares of TRP stock opened at C$59.40 on Monday. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The firm has a market cap of C$61.78 billion, a P/E ratio of 17.95, a P/E/G ratio of 0.26 and a beta of 0.82. The firm’s 50 day moving average price is C$61.36 and its 200-day moving average price is C$55.61. TC Energy has a one year low of C$44.70 and a one year high of C$65.39.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. As a group, equities research analysts predict that TC Energy will post 4.4244068 EPS for the current year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 6.46%. The ex-dividend date is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Insider Buying and Selling at TC Energy

In other news, Director Rosemary K. Stevens sold 1,200 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$59.88, for a total value of C$71,856.00. Following the transaction, the director now owns 987 shares in the company, valued at approximately C$59,101.56. In related news, Senior Officer Christine R. Johnston sold 16,292 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the completion of the sale, the insider now owns 466 shares in the company, valued at approximately C$27,824.86. Also, Director Rosemary K. Stevens sold 1,200 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$59.88, for a total value of C$71,856.00. Following the sale, the director now directly owns 987 shares of the company’s stock, valued at C$59,101.56. Insiders have sold a total of 95,479 shares of company stock worth $5,860,018 over the last ninety days. Corporate insiders own 0.04% 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.