TC Energy Co. (TSE:TRP) Director Sells C$234,186.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jessica A. Kirstine sold 3,394 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$69.00, for a total value of C$234,186.00. Following the sale, the director now directly owns 725 shares of the company’s stock, valued at C$50,025. The trade was a 82.40 % decrease in their position.

TC Energy Price Performance

TSE TRP traded up C$0.24 on Friday, reaching C$68.89. The company’s stock had a trading volume of 231,533 shares, compared to its average volume of 6,909,980. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$69.61. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The business has a 50-day moving average price of C$64.22 and a 200 day moving average price of C$58.20. The firm has a market cap of C$71.65 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. Sell-side analysts expect that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $1.113 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a yield of 6.46%. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is currently 116.01%.

Wall Street Analyst Weigh In

TRP has been the topic of several recent analyst reports. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. BMO Capital Markets boosted their price objective on TC Energy from C$55.00 to C$66.00 in a research report on Friday, November 8th. Veritas raised TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Scotiabank upped their price target on TC Energy from C$68.00 to C$74.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada raised their price objective on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$66.15.

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.