TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$98.73 and last traded at C$98.73, with a volume of 7322393 shares changing hands. The stock had previously closed at C$96.91.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on TC Energy from C$88.00 to C$92.00 in a report on Monday, May 4th. Morgan Stanley lowered TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price target for the company. in a research note on Wednesday, June 10th. ATB Cormark Capital Markets raised their price target on TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective on the stock in a research note on Sunday, April 19th. Finally, TD upped their price objective on TC Energy from C$90.00 to C$98.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, TC Energy presently has an average rating of “Hold” and an average target price of C$89.86.
Read Our Latest Stock Analysis on TRP
TC Energy Price Performance
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings results on Friday, May 1st. The company reported C$0.99 EPS for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The company had revenue of C$3.86 billion during the quarter. On average, equities analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.
Insider Activity at TC Energy
In other news, Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. Company insiders own 0.03% of the company’s stock.
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.
Read More
- Five stocks we like better than TC Energy
- Paychex Stock Looks Beaten Down, But Not Broken
- 2 Space and Defense Stocks Turning Backlogs Into Revenue Growth
- Energy Fuels Just Made a Bold Bet on Rare Earth Magnets
- Washington’s Quantum Push Puts IBM and IonQ on the Throne
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.
