TC Energy Co. (TSE:TRP) Director Sells C$234,186.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jessica A. Kirstine sold 3,394 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$69.00, for a total transaction of C$234,186.00. Following the sale, the director now owns 725 shares in the company, valued at approximately C$50,025. This trade represents a 82.40 % decrease in their position.

TC Energy Stock Performance

TSE:TRP opened at C$69.05 on Monday. TC Energy Co. has a twelve month low of C$43.83 and a twelve month high of C$69.61. The firm has a market cap of C$71.81 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a 50-day moving average of C$64.34 and a 200-day moving average of C$58.40. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The business had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. Analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $1.113 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.45%. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio is presently 116.01%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRP. JPMorgan Chase & Co. decreased their price target on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating on the stock in a report on Tuesday, October 8th. National Bankshares boosted their target price on shares of TC Energy from C$60.00 to C$70.00 in a research report on Friday, November 8th. Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and boosted their price target for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Jefferies Financial Group boosted their price objective on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Finally, UBS Group raised TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$66.15.

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.