TC Energy Co. (TSE:TRP) Director Sells C$465,353.98 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Brast sold 6,743 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$69.01, for a total transaction of C$465,353.98.

TC Energy Trading Down 0.7 %

TRP opened at C$69.65 on Friday. The firm has a 50 day simple moving average of C$65.01 and a 200 day simple moving average of C$59.09. 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$72.44 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. On average, sell-side analysts anticipate that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The company 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 dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.39%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Analysts Set New Price Targets

TRP has been the topic of a number of research analyst reports. ATB Capital raised their target price on TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Raymond James upgraded shares of TC Energy to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Jefferies Financial Group upped their price target on TC Energy from C$64.00 to C$65.00 in a research report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$69.54.

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.