TC Energy (TRP) Set to Announce Quarterly Earnings on Friday

TC Energy (TSE:TRP) (NYSE:TRP) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of C$1.14 per share for the quarter.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.27. The company had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$3.94 billion. TC Energy had a return on equity of 8.39% and a net margin of 18.34%.

TC Energy Trading Down 0.3 %

Shares of TSE TRP opened at C$49.15 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.96 and a debt-to-equity ratio of 163.32. The business has a fifty day simple moving average of C$52.48 and a two-hundred day simple moving average of C$51.62. The firm has a market cap of C$51.12 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. TC Energy has a twelve month low of C$43.70 and a twelve month high of C$56.75.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a dividend of $0.96 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.93. This represents a $3.84 annualized dividend and a yield of 7.81%. The ex-dividend date was Wednesday, March 27th. TC Energy’s dividend payout ratio is currently 139.64%.

Insiders Place Their Bets

In related news, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was bought at an average price of C$55.04 per share, with a total value of C$143,104.00. In related news, Director Kevin B. Engel sold 2,514 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$54.33, for a total value of C$136,593.16. Following the sale, the director now owns -29 shares of the company’s stock, valued at C($1,575.66). Also, Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average cost of C$55.04 per share, for a total transaction of C$143,104.00. Over the last 90 days, insiders have acquired 4,526 shares of company stock worth $248,609. 0.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRP. TD Securities upped their target price on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. ATB Capital set a C$54.00 price target on TC Energy and gave the stock a “sector perform” rating in a research report on Friday, January 5th. Royal Bank of Canada decreased their target price on TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. CIBC lifted their target price on TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a report on Monday, January 8th. Finally, Stifel Nicolaus set a C$61.00 price target on TC Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$54.44.

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.