Richard Prior Sells 18,068 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Richard Prior sold 18,068 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$63.00, for a total value of C$1,138,284.00.

Richard Prior also recently made the following trade(s):

• On Friday, August 16th, Richard Prior sold 3,000 shares of TC Energy stock. The shares were sold at an average price of C$44.00, for a total value of C$132,000.00.

TC Energy Trading Up 2.0 %

Shares of TC Energy stock opened at C$64.46 on Thursday. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The firm has a fifty day moving average price of C$60.50 and a 200 day moving average price of C$55.25. TC Energy Co. has a 1 year low of C$44.70 and a 1 year high of C$64.54. The stock has a market cap of C$67.04 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. Equities research analysts predict that TC Energy Co. will post 4.5431472 earnings per share for the current year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be issued a dividend of $0.96 per share. The ex-dividend date is Friday, September 27th. This represents a $3.84 annualized dividend and a dividend yield of 5.96%. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRP shares. Wells Fargo & Company raised their price objective on TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. National Bankshares increased their price objective on shares of TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. ATB Capital boosted their target price on shares of TC Energy from C$56.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 10th. Scotiabank decreased their price target on shares of TC Energy from C$62.00 to C$61.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Barclays raised their price target on shares of TC Energy from C$61.00 to C$64.00 in a report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$58.62.

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.