Insider Buying: TC Energy Co. (TSE:TRP) Senior Officer Acquires C$143,104.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Dawn Elizabeth De Lima bought 2,600 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of C$55.04 per share, with a total value of C$143,104.00.

Dawn Elizabeth De Lima also recently made the following trade(s):

• On Wednesday, March 20th, Dawn Elizabeth De Lima purchased 750 shares of TC Energy stock. The shares were acquired at an average cost of C$54.48 per share, with a total value of C$40,860.00.

TC Energy Stock Down 0.3 %

Shares of TRP opened at C$53.80 on Thursday. The stock has a market capitalization of C$55.95 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 0.26 and a beta of 0.74. TC Energy Co. has a 1 year low of C$43.70 and a 1 year high of C$57.02. The business’s 50 day simple moving average is C$53.22 and its 200-day simple moving average is C$51.14. The company has a debt-to-equity ratio of 163.32, a current ratio of 0.96 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Friday, February 16th. The company reported C$1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.27. TC Energy had a return on equity of 8.39% and a net margin of 18.34%. The business had revenue of C$4.24 billion for the quarter, compared to analysts’ expectations of C$3.94 billion. As a group, equities analysts expect that TC Energy Co. will post 4.1745068 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 7.14%. The ex-dividend date is Wednesday, March 27th. This is a positive change from TC Energy’s previous quarterly dividend of $0.93. TC Energy’s dividend payout ratio is presently 139.64%.

Analysts Set New Price Targets

Several research firms have recently commented on TRP. CIBC upped their price target on shares of TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. ATB Capital set a C$54.00 price target on shares of TC Energy and gave the company a “sector perform” rating in a research report on Friday, January 5th. Stifel Nicolaus set a C$61.00 price target on shares of TC Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. Royal Bank of Canada reduced their price target on shares of TC Energy from C$54.00 to C$49.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, National Bankshares boosted their price objective on TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$55.35.

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.