TC Energy Co. (TSE:TRP) Senior Officer Dawn Elizabeth De Lima Acquires 555 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima purchased 555 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of C$62.82 per share, for a total transaction of C$34,865.66.

TC Energy Stock Down 2.6 %

Shares of TSE:TRP opened at C$61.03 on Friday. The company has a 50-day moving average price of C$59.93 and a 200 day moving average price of C$55.04. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy Co. has a 12 month low of C$44.70 and a 12 month high of C$64.28. The company has a market cap of C$63.47 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.26 and a beta of 0.82.

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. The business had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. As a group, equities research analysts predict that TC Energy Co. will post 4.4633124 earnings per share for the current year.

TC Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 6.29%. The ex-dividend date is Friday, September 27th. TC Energy’s payout ratio is 116.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRP shares. CIBC boosted their price objective on shares of TC Energy from C$56.00 to C$59.00 in a research report on Monday, July 15th. Jefferies Financial Group boosted their price target on TC Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a report on Monday, July 29th. ATB Capital raised their price objective on TC Energy from C$56.00 to C$60.00 and gave the stock a “sector perform” rating in a research note 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 note on Friday, August 23rd. Finally, Barclays raised their price objective on TC Energy from C$61.00 to C$64.00 in a research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.69.

TC Energy Company Profile

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.