TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.96 per share on Wednesday, July 31st. This represents a $3.84 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date is Friday, June 28th.
TC Energy Stock Up 3.3 %
TSE:TRP traded up C$1.63 during mid-day trading on Friday, hitting C$51.44. 5,033,643 shares of the company’s stock were exchanged, compared to its average volume of 6,632,010. The company has a market cap of C$53.50 billion, a PE ratio of 18.71, a P/E/G ratio of 0.26 and a beta of 0.73. The company has a debt-to-equity ratio of 163.32, a current ratio of 0.96 and a quick ratio of 0.40. TC Energy has a one year low of C$43.70 and a one year high of C$56.75. The business has a fifty day moving average price of C$52.40 and a 200 day moving average price of C$51.61.
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last issued its quarterly earnings results on Friday, February 16th. The company reported C$1.35 EPS for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. TC Energy had a return on equity of 8.39% and a net margin of 18.34%. The firm had revenue of C$4.24 billion for the quarter, compared to analysts’ expectations of C$3.94 billion. Equities analysts predict that TC Energy will post 4.1789916 EPS for the current year.
Insider Activity at TC Energy
Analyst Upgrades and Downgrades
TRP has been the subject of several recent analyst reports. TD Securities lifted their price target on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Royal Bank of Canada cut their price target on shares of TC Energy from C$54.00 to C$49.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Jefferies Financial Group decreased their price objective on shares of TC Energy from C$57.00 to C$51.00 in a report on Wednesday, April 17th. Scotiabank lifted their target price on TC Energy from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Finally, CIBC upped their price target on TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a report on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average target price of C$54.44.
Check Out Our Latest Report on TRP
About TC Energy
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.
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