TC Energy (TSE:TRP) Upgraded by US Capital Advisors to “Moderate Buy” Rating

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by investment analysts at US Capital Advisors from a “hold” rating to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports. US Capital Advisors also issued estimates for TC Energy’s Q4 2024 earnings at $1.02 EPS, Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.04 EPS.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company lifted their target price on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. TD Securities set a C$73.00 target price on shares of TC Energy and gave the stock a “buy” rating in a research report on Wednesday, January 15th. CIBC boosted their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. boosted their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Finally, ATB Capital lifted their target price on shares of TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$73.00.

TC Energy Stock Performance

TSE TRP opened at C$66.87 on Monday. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$70.32. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The company has a market capitalization of C$69.54 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a fifty day moving average of C$67.16 and a 200-day moving average of C$64.09.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, equities research analysts predict that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Transactions at TC Energy

In related news, Director Alexander (Alex) Oehler acquired 6,540 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of C$66.05 per share, with a total value of C$431,947.64. Also, Director Colin Lindley sold 3,194 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the transaction, the director now directly owns 697 shares of the company’s stock, valued at C$47,883.41. The trade was a 82.09 % decrease in their ownership of the stock. Over the last 90 days, insiders have sold 420,911 shares of company stock worth $28,259,105. Corporate insiders own 0.03% of the company’s stock.

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.