TC Energy Co. (TSE:TRP) Senior Officer Acquires C$964,880.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Anita Elizabeth Dusevic Oliva purchased 14,000 shares of TC Energy stock in a transaction dated Thursday, May 15th. The shares were bought at an average price of C$68.92 per share, with a total value of C$964,880.00.

TC Energy Price Performance

Shares of TSE:TRP opened at C$69.68 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The stock has a market capitalization of C$71.86 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm’s 50 day moving average price is C$68.05 and its 200-day moving average price is C$67.24. TC Energy Co. has a twelve month low of C$46.07 and a twelve month high of C$70.97.

TC Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.88%. TC Energy’s payout ratio is presently 76.37%.

Analyst Ratings Changes

TRP has been the subject of several recent analyst reports. CIBC lifted their target price on shares of TC Energy from C$71.00 to C$76.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Jefferies Financial Group boosted their price objective on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Scotiabank lifted their target price on TC Energy from C$75.00 to C$77.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. TD Securities upped their price target on TC Energy from C$74.00 to C$76.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, TC Energy has an average rating of “Moderate Buy” and a consensus target price of C$74.17.

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.