TC Energy Co. (NYSE:TRP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $62.00.

Several equities research analysts recently issued reports on the company. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada increased their target price on shares of TC Energy from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, StockNews.com raised shares of TC Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

Institutional Investors Weigh In On TC Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Value Partners Investments Inc. bought a new position in TC Energy during the fourth quarter valued at about $245,000. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of TC Energy during the 4th quarter valued at about $2,510,000. Public Employees Retirement System of Ohio raised its stake in shares of TC Energy by 343.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 351,705 shares of the pipeline company’s stock valued at $16,375,000 after acquiring an additional 272,457 shares in the last quarter. Vise Technologies Inc. acquired a new stake in TC Energy in the 4th quarter worth approximately $222,000. Finally, USS Investment Management Ltd boosted its position in TC Energy by 16.7% during the fourth quarter. USS Investment Management Ltd now owns 187,438 shares of the pipeline company’s stock worth $8,716,000 after purchasing an additional 26,768 shares during the period. Institutional investors and hedge funds own 83.13% of the company’s stock.

TC Energy Stock Up 0.3 %

TRP stock opened at $44.41 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.55 and a quick ratio of 1.23. The firm has a market capitalization of $46.15 billion, a P/E ratio of 13.71, a P/E/G ratio of 4.34 and a beta of 0.81. TC Energy has a 52-week low of $31.83 and a 52-week high of $50.37. The company’s 50 day simple moving average is $46.39 and its 200-day simple moving average is $46.68.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Friday, February 14th. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.54. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.42 billion. TC Energy had a net margin of 29.40% and a return on equity of 12.12%. During the same period in the previous year, the business earned $1.35 EPS. As a group, equities research analysts anticipate that TC Energy will post 2.63 EPS for the current year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.85 per share. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 7.66%. TC Energy’s dividend payout ratio is 71.91%.

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.