Brokerages Set TC Energy Co. (TSE:TRP) PT at C$86.18

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$86.18.

Several equities research analysts recently commented on TRP shares. Citigroup boosted their price objective on shares of TC Energy from C$86.00 to C$95.00 and gave the company a “neutral” rating in a research report on Tuesday, March 31st. Raymond James Financial boosted their price objective on shares of TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Jefferies Financial Group boosted their price objective on shares of TC Energy from C$80.00 to C$88.00 in a research report on Tuesday, February 17th. Royal Bank Of Canada boosted their price objective on shares of TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Scotiabank boosted their price objective on shares of TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th.

Insider Buying and Selling

In other TC Energy news, insider Dawn Elizabeth De Lima sold 25,342 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the sale, the insider directly owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. The trade was a 57.82% decrease in their position. 0.03% of the stock is owned by company insiders.

TC Energy Trading Up 0.5%

TRP opened at C$88.55 on Friday. The stock has a market capitalization of C$92.25 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.69 and a beta of 0.72. TC Energy has a 12 month low of C$62.22 and a 12 month high of C$89.68. The firm’s fifty day simple moving average is C$85.86 and its 200 day simple moving average is C$78.62. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 223.25.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$4.17 billion for the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. As a group, research analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

TC Energy Company Profile

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.