TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP)’s share price reached a new 52-week high during trading on Tuesday after UBS Group upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as C$65.40 and last traded at C$65.23, with a volume of 4428918 shares traded. The stock had previously closed at C$64.29.
A number of other research analysts have also weighed in on TRP. Jefferies Financial Group boosted their target price on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a report on Monday. Scotiabank dropped their price objective on shares of TC Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. BMO Capital Markets raised their target price on shares of TC Energy from C$57.00 to C$65.00 in a research note on Thursday, September 5th. Barclays upped their price target on shares of TC Energy from C$61.00 to C$64.00 in a research note on Monday, August 19th. Finally, ATB Capital raised their price objective on shares of 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 analyst has rated the stock with a sell rating, five have issued 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, the company has an average rating of “Moderate Buy” and a consensus price target of C$58.38.
Check Out Our Latest Research Report on TC Energy
Insider Activity at TC Energy
TC Energy Price Performance
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 company has a fifty day moving average of C$61.36 and a 200-day moving average of C$55.61. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping the consensus estimate of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. On average, sell-side analysts anticipate that TC Energy Co. will post 4.4244068 EPS for the current fiscal year.
TC Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Friday, September 27th. TC Energy’s dividend payout ratio is 116.01%.
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.
Read More
- Five stocks we like better than TC Energy
- EV Stocks and How to Profit from Them
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- Investing in Commodities: What Are They? How to Invest in Them
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- Stock Analyst Ratings and Canadian Analyst Ratings
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for TC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TC Energy and related companies with MarketBeat.com's FREE daily email newsletter.