TC Energy Co. (TSE:TRP) Senior Officer Francois Lionel Poirier Sells 118,243 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Francois Lionel Poirier sold 118,243 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total transaction of C$8,085,219.85.

TC Energy Trading Up 0.1 %

TC Energy stock traded up C$0.06 during trading on Friday, reaching C$70.20. 240,433 shares of the company were exchanged, compared to its average volume of 6,817,028. The stock’s 50 day simple moving average is C$64.86 and its two-hundred day simple moving average is C$58.90. The company has a market capitalization of C$73.01 billion, a P/E ratio of 21.19, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. On average, equities research analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This represents a $4.45 annualized dividend and a dividend yield of 6.34%. The ex-dividend date is Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is currently 116.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRP. ATB Capital upped their price target on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on TC Energy from C$70.00 to C$79.00 in a research note on Monday. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Scotiabank lifted their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday. Finally, Barclays boosted their price target on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$69.54.

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.