TRP has been the topic of a number of other research reports. Scotiabank decreased their price target on shares of TC Energy from C$78.00 to C$76.00 in a report on Friday, July 29th. Industrial Alliance Securities upgraded shares of TC Energy from a hold rating to a buy rating and set a C$74.00 price target on the stock in a report on Monday, April 4th. Barclays decreased their price target on shares of TC Energy from C$71.00 to C$67.00 in a report on Wednesday, July 20th. Wolfe Research lowered shares of TC Energy from a peer perform rating to an underperform rating and lifted their price target for the company from $53.00 to $57.00 in a report on Monday, April 11th. Finally, CIBC upgraded shares of TC Energy from a neutral rating to a sector outperform rating in a report on Thursday, May 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $68.77.
TC Energy Stock Down 3.8 %
Shares of TRP opened at $49.09 on Tuesday. The firm has a market cap of $48.28 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 3.92 and a beta of 0.71. The company’s fifty day moving average is $53.38 and its two-hundred day moving average is $54.26. TC Energy has a fifty-two week low of $44.77 and a fifty-two week high of $59.38. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 1.65.
TC Energy Cuts Dividend
Institutional Investors Weigh In On TC Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Planning Co of New England Inc. bought a new stake in shares of TC Energy in the 4th quarter worth about $25,000. Vigilant Capital Management LLC bought a new stake in shares of TC Energy in the 2nd quarter worth about $26,000. UMB Bank N A MO bought a new stake in shares of TC Energy in the 4th quarter worth about $30,000. Prospera Financial Services Inc bought a new stake in shares of TC Energy in the 1st quarter worth about $33,000. Finally, MV Capital Management Inc. increased its position in shares of TC Energy by 38.1% in the 4th quarter. MV Capital Management Inc. now owns 725 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 70.11% 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 Storage. The company builds and operates 93,300 km network 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.
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