TC Energy (TSE:TRP) Upgraded to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) from a strong sell rating to a hold rating in a research report released on Sunday,Zacks.com reports.

Several other equities analysts also recently commented on TRP. Jefferies Financial Group increased their target price on TC Energy from C$80.00 to C$88.00 in a research report on Tuesday, February 17th. Citigroup increased their target price on 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. ATB Cormark Capital Markets increased their target price on TC Energy from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. National Bank Financial increased their target price on TC Energy from C$85.00 to C$86.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Finally, Raymond James Financial increased their target price on TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$86.18.

TC Energy Price Performance

Shares of TSE:TRP opened at C$83.03 on Friday. The company has a market cap of C$86.50 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.69 and a beta of 0.72. The company has a debt-to-equity ratio of 223.25, a current ratio of 0.63 and a quick ratio of 0.40. The firm has a 50 day simple moving average of C$86.53 and a 200 day simple moving average of C$79.24. TC Energy has a one year low of C$63.34 and a one year high of C$90.27.

TC Energy (TSE:TRP) (NYSE:TRP) last issued 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 during the quarter. TC Energy had a net margin of 23.23% and a return on equity of 12.80%. Research analysts predict that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Activity

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

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.