TC Energy Co. (TSE:TRP) Director Sells C$332,500.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jawad Masud sold 5,000 shares of TC Energy stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$66.50, for a total transaction of C$332,500.00.

TC Energy Price Performance

Shares of TSE:TRP opened at C$66.74 on Monday. The firm has a 50 day simple moving average of C$67.04 and a 200 day simple moving average of C$61.46. The company has a market cap of C$69.41 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.32. 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 (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.06. The company had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. Research analysts predict that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal 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 issued a dividend of $1.113 per share. This is a boost from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s payout ratio is 116.01%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Raymond James raised TC Energy to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their price objective on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Finally, Scotiabank upped their price target on shares of TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TC Energy presently has an average rating of “Hold” and a consensus target price of C$69.77.

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.