2 weeks Ago By ABMN Staff
TC Energy ( TSE:TRP – Free Report ) (NYSE:TRP) had its target price boosted by BMO Capital Markets from C$55.00 to C$66.00 in a report released on Friday, BayStreet.
CA reports. Several other brokerages have also recently issued reports on TRP. National Bankshares increased their price target on shares of TC Energy from C$60.
00 to C$70.00 in a research report on Friday. CIBC increased their target price on shares of TC Energy from C$66.
00 to C$67.00 in a report on Friday. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from C$62.
00 to C$78.00 in a research note on Friday, October 25th. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th.
Finally, ATB Capital lifted their target price on TC Energy from C$64.00 to C$65.00 in a report on Friday.
Two analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$66.
15. Read Our Latest Stock Report on TC Energy TC Energy Stock Up 1.9 % TC Energy ( TSE:TRP – Get Free Report ) (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. TC Energy had a return on equity of 10.68% and a net margin of 21.
38%. The firm had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.
90 billion. Research analysts predict that TC Energy will post 3.5490515 EPS for the current year.
TC Energy Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $1.113 dividend.
The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.
44%. This is an increase from TC Energy’s previous quarterly dividend of $0.96.
TC Energy’s dividend payout ratio is presently 116.01%. Insider Transactions at TC Energy In other TC Energy news, Director Richard Prior sold 3,000 shares of the stock in a transaction that occurred on Friday, August 16th.
The shares were sold at an average price of C$44.00, for a total value of C$132,000.00.
In other news, Director Richard Prior sold 3,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$44.00, for a total value of C$132,000.
00. Also, Senior Officer Dawn Elizabeth De Lima bought 545 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average cost of C$63.
06 per share, for a total transaction of C$34,367.70. In the last 90 days, insiders have sold 74,914 shares of company stock valued at $4,632,785.
Corporate insiders own 0.03% of the company’s stock. About TC Energy ( Get Free Report ) 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. Featured Stories Receive News & Ratings for TC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TC Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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