TC Energy Co. (TRP.TO) (TSE:TRP) (NYSE:TRP) had its target price lowered by CIBC from C$73.00 to C$71.00 in a research note published on Wednesday morning, Analyst Ratings Network reports.

A number of other equities research analysts have also commented on TRP. Royal Bank of Canada decreased their price objective on shares of TC Energy Co. (TRP.TO) from C$81.00 to C$72.00 and set an outperform rating on the stock in a report on Friday, October 30th. TD Securities reduced their target price on shares of TC Energy Co. (TRP.TO) from C$78.00 to C$75.00 and set a buy rating on the stock in a research note on Friday, October 30th. CSFB set a C$65.00 target price on shares of TC Energy Co. (TRP.TO) and gave the company a neutral rating in a research note on Wednesday, November 18th. Credit Suisse Group reaffirmed a neutral rating and issued a C$65.00 target price on shares of TC Energy Co. (TRP.TO) in a research note on Tuesday, October 6th. Finally, Tudor Pickering & Holt lowered shares of TC Energy Co. (TRP.TO) from a buy rating to a hold rating and reduced their target price for the company from C$70.00 to C$63.00 in a research note on Friday, January 8th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of C$68.89.

Shares of TSE:TRP opened at C$54.90 on Wednesday. TC Energy Co. has a 12 month low of C$0.05 and a 12 month high of C$76.58. The company’s 50-day moving average price is C$55.39 and its two-hundred day moving average price is C$57.87. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 144.88. The firm has a market cap of C$51.61 billion and a P/E ratio of 11.61.

TC Energy Co. (TRP.TO) (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$0.95 EPS for the quarter, topping analysts’ consensus estimates of C$0.92 by C$0.03. The company had revenue of C$3.20 billion for the quarter, compared to the consensus estimate of C$3.08 billion. As a group, equities analysts predict that TC Energy Co. will post 4.1799998 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Wednesday, December 30th. TC Energy Co. (TRP.TO)’s payout ratio is 67.24%.

In other TC Energy Co. (TRP.TO) news, Director David A. Diakow sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 26th. The shares were sold at an average price of C$58.77, for a total transaction of C$587,712.00. Following the sale, the director now directly owns 2,426 shares in the company, valued at approximately C$142,578.93. Also, Senior Officer Andrea E. Jalbert sold 9,191 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of C$55.77, for a total transaction of C$512,626.19. Following the sale, the insider now owns 1,200 shares in the company, valued at C$66,929.76. Insiders have purchased a total of 3,653 shares of company stock worth $194,600 in the last three months.

TC Energy Co. (TRP.TO) Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates 92,600 km network 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.

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Analyst Recommendations for TC Energy Co. (TRP.TO) (TSE:TRP)

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