TC Energy (TSE:TRP) Raised to Hold at Raymond James

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by analysts at Raymond James to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research analysts have also recently issued reports on TRP. Wells Fargo & Company lifted their price objective on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday. Barclays lifted their price objective on shares of TC Energy from C$67.00 to C$74.00 in a report on Wednesday. CIBC boosted their price target on shares of TC Energy from C$67.00 to C$68.00 in a report on Wednesday. Jefferies Financial Group boosted their price target on shares of TC Energy from C$64.00 to C$65.00 in a report on Wednesday. Finally, UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy currently has an average rating of “Hold” and an average target price of C$69.54.

TC Energy Price Performance

Shares of TSE TRP opened at C$69.65 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The company has a market capitalization of C$72.44 billion, a PE ratio of 21.04, a P/E/G ratio of 1.69 and a beta of 0.82. The firm has a fifty day simple moving average of C$65.01 and a 200 day simple moving average of C$59.04. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The business had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, sell-side analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

Insider Buying and Selling

In other TC Energy news, Senior Officer Francois Lionel Poirier sold 118,243 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$68.38, for a total value of C$8,085,219.85. Also, Senior Officer Patrick M. Keys sold 17,127 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$62.71, for a total transaction of C$1,074,049.58. In the last 90 days, insiders have sold 214,476 shares of company stock valued at $14,299,929. Company 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.