TC Energy Co. (TSE:TRP) Director Sells C$465,353.98 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Brast sold 6,743 shares of TC Energy stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$69.01, for a total transaction of C$465,353.98.

TC Energy Trading Down 0.7 %

TRP stock opened at C$69.65 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$70.32. The company’s 50-day simple moving average is C$65.01 and its 200-day simple moving average is C$59.04. The firm has a market cap of C$72.44 billion, a P/E ratio of 21.04, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly 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. The company had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. As a group, equities analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $1.113 dividend. This represents a $4.45 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is presently 116.01%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRP. CIBC raised their target price on TC Energy from C$67.00 to C$68.00 in a research note on Wednesday. Barclays lifted their target price on TC Energy from C$67.00 to C$74.00 in a report on Wednesday. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Veritas raised shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$69.54.

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.