Analysts’ Recent Ratings Changes for TC Energy (TRP)

A number of firms have modified their ratings and price targets on shares of TC Energy (TSE: TRP) recently:

• 11/21/2024 – TC Energy was upgraded by analysts at Raymond James to a “hold” rating.
• 11/20/2024 – TC Energy had its price target raised by analysts at Barclays PLC from C$67.00 to C$74.00.
• 11/20/2024 – TC Energy had its price target raised by analysts at BMO Capital Markets from C$66.00 to C$70.00.
• 11/20/2024 – TC Energy had its price target raised by analysts at CIBC from C$67.00 to C$68.00.
• 11/20/2024 – TC Energy had its price target raised by analysts at Jefferies Financial Group Inc. from C$64.00 to C$65.00.
• 11/20/2024 – TC Energy had its price target raised by analysts at National Bankshares, Inc. from C$70.00 to C$71.00.
• 11/20/2024 – TC Energy had its price target raised by analysts at Scotiabank from C$74.00 to C$75.00.
• 11/20/2024 – TC Energy had its price target raised by analysts at Wells Fargo & Company from C$74.00 to C$76.00.
• 11/18/2024 – TC Energy had its price target raised by analysts at JPMorgan Chase & Co. from C$70.00 to C$79.00.
• 11/8/2024 – TC Energy had its price target raised by analysts at BMO Capital Markets from C$55.00 to C$66.00.
• 11/8/2024 – TC Energy had its price target raised by analysts at ATB Capital from C$64.00 to C$65.00.
• 11/8/2024 – TC Energy had its price target raised by analysts at CIBC from C$66.00 to C$67.00.
• 11/8/2024 – TC Energy had its price target raised by analysts at National Bankshares, Inc. from C$60.00 to C$70.00.
• 11/8/2024 – TC Energy had its price target raised by analysts at Royal Bank of Canada from C$67.00 to C$71.00.
• 11/8/2024 – TC Energy had its price target raised by analysts at Scotiabank from C$68.00 to C$74.00.
• 10/25/2024 – TC Energy was upgraded by analysts at Morgan Joseph from an “underweight” rating to an “overweight” rating. They now have a C$78.00 price target on the stock, up previously from C$62.00.
• 10/21/2024 – TC Energy had its price target raised by analysts at Barclays PLC from C$66.00 to C$67.00.
• 10/15/2024 – TC Energy had its price target raised by analysts at Barclays PLC from C$64.00 to C$66.00.
• 10/8/2024 – TC Energy was upgraded by analysts at Veritas Corp to a “strong sell” rating.
• 10/8/2024 – TC Energy had its price target lowered by analysts at JPMorgan Chase & Co. from C$66.00 to C$60.00. They now have a “neutral” rating on the stock.
• 10/3/2024 – TC Energy had its price target lowered by analysts at ATB Capital from C$60.00 to C$58.00. They now have a “sector perform” rating on the stock.
• 10/3/2024 – TC Energy had its price target raised by analysts at Royal Bank of Canada from C$66.00 to C$67.00. They now have an “outperform” rating on the stock.
• 10/3/2024 – TC Energy had its price target lowered by analysts at National Bankshares, Inc. from C$65.00 to C$60.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – TC Energy had its price target lowered by analysts at CIBC from C$62.00 to C$57.00. They now have a “negative” rating on the stock.
• 10/2/2024 – TC Energy had its price target lowered by analysts at BMO Capital Markets from C$65.00 to C$55.00. They now have a “market perform” rating on the stock.
• 9/30/2024 – TC Energy was upgraded by analysts at UBS Group AG from a “hold” rating to a “strong-buy” rating.
• 9/30/2024 – TC Energy had its price target raised by analysts at Jefferies Financial Group Inc. from C$57.00 to C$66.00. They now have a “hold” rating on the stock.

TC Energy Stock Performance

TRP stock traded down C$1.05 during mid-day trading on Monday, hitting C$68.60. The company had a trading volume of 3,999,974 shares, compared to its average volume of 6,810,431. The stock’s fifty day moving average price is C$65.01 and its two-hundred day moving average price is C$59.09. The firm has a market cap of C$71.34 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.32. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The firm had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $1.113 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a yield of 6.49%. TC Energy’s dividend payout ratio is presently 116.01%.

Insider Buying and Selling at TC Energy

In other news, Senior Officer Patrick M. Keys sold 17,127 shares of TC Energy stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$62.71, for a total value of C$1,074,049.58. Also, Director Mark Yeomans sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total value of C$400,297.95. Insiders have sold 214,476 shares of company stock worth $14,299,929 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.