TC Energy Co. (TSE:TRP) Director Kevin B. Engel Sells 546 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Kevin B. Engel sold 546 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total transaction of C$29,227.38.

TC Energy Stock Down 0.0 %

TC Energy stock traded down C$0.01 during mid-day trading on Thursday, reaching C$52.80. The stock had a trading volume of 4,347,142 shares, compared to its average volume of 6,472,605. The firm has a market capitalization of C$54.91 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.26 and a beta of 0.74. TC Energy Co. has a fifty-two week low of C$43.70 and a fifty-two week high of C$55.28. The stock’s 50-day simple moving average is C$52.00 and its 200-day simple moving average is C$52.54. The company has a debt-to-equity ratio of 163.01, a quick ratio of 0.40 and a current ratio of 0.94.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Friday, May 3rd. The company reported C$1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.14 by C$0.10. TC Energy had a net margin of 17.31% and a return on equity of 8.37%. The business had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$4.26 billion. On average, sell-side analysts forecast that TC Energy Co. will post 4.1883013 EPS for the current fiscal year.

TC Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Friday, June 28th. TC Energy’s payout ratio is presently 147.69%.

Analyst Upgrades and Downgrades

TRP has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of TC Energy from C$51.00 to C$52.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. increased their price target on TC Energy from C$58.00 to C$59.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company upped their target price on TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$54.94.

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.