TC Energy (TSE:TRP) Earns “Hold” Rating from US Capital Advisors

TC Energy (TSE:TRP – Get a Rating) (NYSE:TRP)‘s stock had its “hold” rating restated by US Capital Advisors equity research analysts in a note to investors released Wednesday, reports.

Several other stock analysts have also recently released reports on the company. Wells Fargo & Company cut its price target on TC Energy from CA$74.00 to CA$73.00 and set a “market performance” rating on the stock in a Friday, May 20 report. TD Securities raised its price target on TC Energy from C$72.00 to C$75.00 and gave the company a “buy” rating in a report released Friday, April 1. Tudor Pickering & Holt raised their price target on TC Energy from CA$63.00 to CA$65.00 and gave the company a “holding” rating in a Wednesday, February 16, report. CIBC upgraded TC Energy from a “neutral” rating to a “buy” rating and raised its price target for the company from C$73.00 to C$77.00 in a Thursday, May 12 report. Finally, Morgan Stanley downgraded TC Energy to a “sell” rating and set a price target of C$78.00 for the stock. in a report on Tuesday, April 26. Four research analysts gave the stock a sell rating, nine issued a hold rating and seven issued a buy rating. According to, TC Energy currently has an average rating of “Hold” and a consensus price target of CA$70.76.

Shares of TSE:TRP opened at C$73.87 on Wednesday. TC Energy has a 12-month low of C$57.71 and a 12-month high of C$74.44. The company has a market capitalization of C$72.61 billion and a PE ratio of 22.49. The company has a debt ratio of 163.99, a quick ratio of 0.36 and a current ratio of 0.61. The company has a fifty-day moving average of C$72.02 and a 200-day moving average of C$66.69.

TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) last announced its results on Friday, April 29. The company reported earnings per share of CA$1.12 for the quarter, missing analyst consensus estimates of CA$1.13 by CA$0.01. The company posted revenue of C$3.50 billion in the quarter, compared to a consensus estimate of C$3.55 billion. On average, analysts expect TC Energy to post EPS of 4.4400005 for the current fiscal year.

In other news, Senior Officer G. Glenn Menuz sold 16,241 shares of the company in a trade dated Thursday, June 2. The stock was sold at an average price of CA$74.00, for a total transaction of CA$1,201,834.00. Additionally, director Richard Prior purchased 500 shares of the company in a trade dated Thursday, May 5. The shares were acquired at an average cost of CA$70.00 per share, for a total transaction of CA$35,000.00. As a result of the transaction, the director now owns 11,375 shares of the company, valued at C$796,250. Over the past ninety days, insiders have bought 7,684 shares of the company worth $533,840 and sold 83,120 shares worth $6,057,773.

TC Energy Company Profile (Get a rating)

TC Energy Corporation is an energy infrastructure company in North America. It operates through five segments: Canadian Gas Pipelines; American gas pipelines; Mexican gas pipelines; Liquid pipelines; and power and storage. The company builds and operates a 93,300 km pipeline network, which transports natural gas from supply basins to local distribution companies, power plants, industrial facilities, interconnecting pipelines, export terminals LNG and other companies.

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