Alexis A.J. Hudy Buys 875 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Alexis A.J. Hudy acquired 875 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of C$54.97 per share, for a total transaction of C$48,098.75. Following the completion of the transaction, the director now owns 875 shares in the company, valued at C$48,098.75.

TC Energy Stock Down 0.3 %

TRP stock opened at C$53.80 on Thursday. The company’s 50 day simple moving average is C$53.22 and its 200-day simple moving average is C$51.14. The firm has a market capitalization of C$55.95 billion, a PE ratio of 19.56, a P/E/G ratio of 0.26 and a beta of 0.74. TC Energy Co. has a 12 month low of C$43.70 and a 12 month high of C$57.02. The company has a debt-to-equity ratio of 163.32, a current ratio of 0.96 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.27. TC Energy had a net margin of 18.34% and a return on equity of 8.39%. The firm had revenue of C$4.24 billion for the quarter, compared to analyst estimates of C$3.94 billion. Equities analysts expect that TC Energy Co. will post 4.1745068 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.84 dividend on an annualized basis and a yield of 7.14%. This is a positive change from TC Energy’s previous quarterly dividend of $0.93. TC Energy’s dividend payout ratio (DPR) is 139.64%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRP. Jefferies Financial Group set a C$57.00 target price on TC Energy and gave the company a “hold” rating in a report on Tuesday, February 27th. Scotiabank upped their target price on shares of TC Energy from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Wells Fargo & Company upped their target price on shares of TC Energy from C$54.00 to C$57.00 in a research report on Thursday, December 14th. National Bankshares upped their target price on shares of TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus set a C$61.00 target price on shares of TC Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, TC Energy has a consensus rating of “Hold” and a consensus target price of C$55.35.

TC Energy Company Profile

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.