TC Energy (NYSE:TRP) Announces Earnings Results

TC Energy (NYSE:TRP) (TSE:TRP) announced its quarterly earnings data on Friday. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.54, RTT News reports. TC Energy had a net margin of 31.15% and a return on equity of 12.92%. During the same period in the previous year, the firm earned $1.35 EPS.

TC Energy Stock Down 2.8 %

Shares of TRP stock opened at $46.05 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. TC Energy has a 1 year low of $31.83 and a 1 year high of $50.37. The firm’s fifty day moving average price is $46.65 and its two-hundred day moving average price is $46.49. The firm has a market capitalization of $47.85 billion, a P/E ratio of 12.76, a PEG ratio of 4.45 and a beta of 0.81.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.85 dividend. This is a positive change from TC Energy’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 7.38%. TC Energy’s payout ratio is presently 63.43%.

Wall Street Analyst Weigh In

TRP has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of TC Energy from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group lifted their price target on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. StockNews.com initiated coverage on shares of TC Energy in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Morgan Stanley raised shares of TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy has an average rating of “Hold” and an average target price of $56.00.

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.