TC Energy Co. (TSE:TRP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$74.54.

Several equities analysts have weighed in on the company. Jefferies Financial Group lowered their target price on TC Energy from C$71.00 to C$68.00 in a research note on Wednesday, July 23rd. CIBC cut TC Energy from an “outperform” rating to a “neutral” rating and lifted their target price for the company from C$76.00 to C$77.00 in a research note on Thursday. Citigroup set a C$75.00 target price on TC Energy and gave the company a “neutral” rating in a research note on Friday, September 5th. US Capital Advisors cut TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, Barclays lifted their target price on TC Energy from C$74.00 to C$75.00 in a research note on Thursday, August 14th.

TC Energy Price Performance

TSE TRP opened at C$73.93 on Friday. The stock’s 50-day moving average price is C$72.00 and its two-hundred day moving average price is C$68.88. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The company has a market cap of C$76.86 billion, a PE ratio of 18.12, a PEG ratio of 1.69 and a beta of 0.84. TC Energy has a 1 year low of C$61.96 and a 1 year high of C$77.26.

TC Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.6%. TC Energy’s payout ratio is 85.36%.

Insider Activity at TC Energy

In related news, Director Francois Lionel Poirier sold 53,946 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$70.49, for a total value of C$3,802,669.72. Following the completion of the sale, the director owned 113,550 shares of the company’s stock, valued at approximately C$8,004,173.57. The trade was a 32.21% decrease in their position. Also, Director Siim A. Vanaselja sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of C$70.07, for a total value of C$2,802,640.00. Following the completion of the sale, the director directly owned 12,000 shares of the company’s stock, valued at approximately C$840,792. The trade was a 76.92% decrease in their position. Insiders own 0.03% of the company’s stock.

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.