TC Energy (TSE:TRP) Stock Rating Upgraded by TD Securities

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on the company. ATB Capital boosted their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Raymond James upgraded shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Jefferies Financial Group lifted their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets increased their target price on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$71.62.

TC Energy Price Performance

TC Energy stock opened at C$67.16 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$70.32. The firm has a market cap of C$69.85 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company’s 50 day moving average is C$67.62 and its two-hundred day moving average is C$62.66.

TC Energy (TSE:TRP) (NYSE:TRP) last announced 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. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The business had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. On average, research analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Activity

In other news, Director Jawad Masud sold 5,000 shares of TC Energy stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$66.50, for a total value of C$332,500.00. Also, Director Alexander (Alex) Oehler bought 6,540 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of C$66.05 per share, for a total transaction of C$431,947.64. Insiders have sold 420,911 shares of company stock valued at $28,259,105 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

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.