TC Energy Co. (TSE:TRP) Director Sells C$422,031.66 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Mark Yeomans sold 6,764 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$62.39, for a total value of C$422,031.66.

Mark Yeomans also recently made the following trade(s):

• On Thursday, August 29th, Mark Yeomans sold 6,500 shares of TC Energy stock. The stock was sold at an average price of C$61.58, for a total transaction of C$400,297.95.

TC Energy Stock Performance

Shares of TRP opened at C$62.65 on Friday. The firm has a market capitalization of C$65.16 billion, a PE ratio of 18.93, a P/E/G ratio of 0.26 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The firm has a 50-day moving average price of C$60.12 and a 200 day moving average price of C$55.11. TC Energy Co. has a 52-week low of C$44.70 and a 52-week high of C$64.28.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. On average, sell-side analysts anticipate that TC Energy Co. will post 4.5431472 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Friday, September 27th. TC Energy’s dividend payout ratio is presently 116.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRP. ATB Capital raised 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 report on Tuesday, September 10th. National Bankshares boosted their price objective on 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. Scotiabank lowered their price objective on TC Energy from C$68.00 to C$62.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets raised their target price on TC Energy from C$57.00 to C$65.00 in a research note on Thursday, September 5th. Finally, Jefferies Financial Group upped their price target on shares of TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$58.69.

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.