Michael Robert Culbert Sells 500 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Michael Robert Culbert sold 500 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$20.86, for a total transaction of C$10,430.00.

TC Energy Price Performance

TRP stock opened at C$65.79 on Friday. The firm has a 50-day moving average of C$66.72 and a 200 day moving average of C$60.86. 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 company has a market cap of C$68.42 billion, a P/E ratio of 19.88, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 1 year low of C$43.83 and a 1 year high of C$70.32.

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 the consensus estimate of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion. On average, sell-side analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $1.113 dividend. This is a boost from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Tuesday, December 31st. TC Energy’s payout ratio is currently 116.01%.

Wall Street Analysts Forecast Growth

TRP has been the subject of several recent research reports. CIBC boosted their price target on shares of TC Energy from C$67.00 to C$68.00 in a research note on Wednesday, November 20th. Raymond James upgraded TC Energy to a “hold” rating in a report on Thursday, November 21st. ATB Capital lifted their price target on TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. Scotiabank increased their price objective on TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada lifted their target price 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, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$69.77.

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.