Insider Selling: TC Energy Co. (TSE:TRP) Director Sells C$1,138,284.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Richard Prior sold 18,068 shares of TC Energy stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$63.00, for a total value of C$1,138,284.00.

Richard Prior also recently made the following trade(s):

• On Friday, August 16th, Richard Prior sold 3,000 shares of TC Energy stock. The shares were sold at an average price of C$44.00, for a total transaction of C$132,000.00.

TC Energy Trading Up 0.1 %

Shares of TRP stock opened at C$64.55 on Friday. TC Energy Co. has a 52-week low of C$44.70 and a 52-week high of C$64.83. The business’s fifty day moving average is C$60.69 and its 200 day moving average is C$55.31. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The company has a market capitalization of C$67.13 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.09 billion during the quarter, compared to the consensus estimate of C$3.78 billion. On average, equities research analysts anticipate that TC Energy Co. will post 4.5431472 EPS for the current fiscal year.

TC Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Friday, September 27th. TC Energy’s payout ratio is 116.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRP. Wells Fargo & Company increased their target price on TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. ATB Capital raised their price objective on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their target price 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. National Bankshares upped their target price on shares of TC Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Scotiabank cut their price target on TC Energy from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$58.62.

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.