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

TC Energy Co. (TSE:TRP) (NYSE:TRP) has earned an average rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$89.86.

Several analysts have weighed in on TRP shares. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price on the stock in a report on Sunday, April 19th. National Bank Financial upped their target price on TC Energy from C$92.00 to C$102.00 in a report on Monday, June 1st. Barclays upped their target price on TC Energy from C$88.00 to C$92.00 in a report on Monday, May 4th. ATB Cormark Capital Markets upped their target price on TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th.

Insider Activity at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of TC Energy stock in a transaction that occurred 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 Dawn Elizabeth De Lima sold 25,342 shares of TC Energy stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the transaction, the insider owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This represents a 57.82% decrease in their ownership of the stock. Insiders own 0.03% of the company’s stock.

TC Energy Stock Down 0.5%

Shares of TSE TRP opened at C$95.96 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. TC Energy has a 52 week low of C$63.34 and a 52 week high of C$98.62. The firm has a 50-day moving average price of C$91.01 and a 200 day moving average price of C$84.48. The stock has a market capitalization of C$99.97 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70.

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