Recent changes in TC Energy’s investor positions include EdgeRock Capital LLC acquiring $25,000 worth of stock, Whittier Trust Co. increasing its stake by 138.8% (now owning 738 shares valued at $28,000), and other firms like Mather Group LLC ($33,000), Ashton Thomas Private Wealth LLC ($51,000), and Olistico Wealth LLC ($53,000) investing. Institutional investors hold 83.13% of the stock.
TC Energy Stock Up 1.2%
NYSE:TRP opened at $48.10. Its 50-day moving average is $45.87, and the 200-day is $41.22. The stock has a 52-week range of $30.48 – $48.20, with a market cap of $48.10 billion. Key stats include a PE ratio of 24.79, a PEG ratio of 3.84, and a debt-to-equity ratio of 1.57.
TC Energy recently reported quarterly earnings of $0.94 per share, exceeding expectations of $0.65. Revenue for the quarter was $2.99 billion, surpassing the forecast of $2.78 billion. Analysts project an average EPS of 3.05 for the current fiscal year.
Dividend Cut Announced
TC Energy declared a quarterly dividend of $0.702 per share, payable on October 31st to shareholders as of September 27th, representing a 5.84% yield and a payout ratio of 146.39%.
Analyst Ratings Update
Recent ratings for TC Energy include upgrades from JPMorgan Chase & Co. and UBS Group to “overweight” and “buy,” respectively. Veritas assigned a “strong sell” rating. Overall, MarketBeat highlights a consensus rating of “Hold” with a price target of $43.50.
Get Our Latest Stock Analysis on TRP
About TC Energy
TC Energy Corporation operates as an energy infrastructure company in North America, managing 93,600 kilometers of natural gas pipelines.
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