TC Energy Co. (TSE:TRP) Director Michael Robert Culbert Sells 500 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Michael Robert Culbert sold 500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$20.86, for a total value of C$10,430.00.

TC Energy Stock Down 1.2 %

Shares of TSE:TRP opened at C$65.12 on Thursday. The company has a market capitalization of C$67.72 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 1 year low of C$43.83 and a 1 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. The business has a fifty day moving average price of C$66.56 and a two-hundred day moving average price of C$60.74.

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

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $1.113 dividend. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is 116.01%.

Analyst Ratings Changes

TRP has been the subject of a number of recent research reports. ATB Capital boosted their price target on shares of TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th. CIBC raised their price target on shares of TC Energy from C$67.00 to C$68.00 in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Barclays increased their price objective on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Finally, National Bankshares lifted their target price on TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TC Energy has a consensus 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.