TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) had its price target raised by equities research analysts at TD from C$90.00 to C$98.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s target price indicates a potential upside of 2.34% from the company’s previous close.
TRP has been the topic of a number of other reports. Royal Bank Of Canada boosted their target price on TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. National Bank Financial boosted their target price on TC Energy from C$86.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. TD Securities lowered TC Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$84.00 to C$88.00 in a research report on Tuesday, February 17th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price on the stock in a research report on Sunday, April 19th. Finally, Barclays boosted their target price on TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, TC Energy presently has a consensus rating of “Hold” and an average target price of C$88.08.
TC Energy Price Performance
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last announced its quarterly earnings data on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. The business had revenue of C$3.86 billion during the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%. On average, sell-side analysts expect that TC Energy will post 3.5490515 earnings per share for the current fiscal year.
Insider Buying and Selling at TC Energy
In related news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Dawn Elizabeth De Lima sold 25,342 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the completion of the sale, the insider directly owned 18,490 shares of the company’s stock, valued at approximately C$1,640,617.70. This represents a 57.82% decrease in their ownership of the stock. 0.03% of the stock is currently owned by insiders.
TC Energy Company Profile
TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.
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