Jawad Masud Sells 5,000 Shares of TC Energy Co. (TSE:TRP) Stock

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

TC Energy Stock Performance

Shares of TRP opened at C$66.74 on Monday. The stock has a 50-day moving average of C$67.04 and a 200-day moving average of C$61.46. 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. The company has a market cap of C$69.41 billion, a PE ratio of 20.16, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data 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 firm had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. On average, equities research analysts predict that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.67%. TC Energy’s dividend payout ratio is presently 116.01%.

Analyst Ratings Changes

TRP has been the subject of a number of analyst reports. Raymond James upgraded TC Energy to a “hold” rating in a research report on Thursday, November 21st. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Royal Bank of Canada upped their price objective on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Finally, CIBC upped their price target on shares of TC Energy from C$67.00 to C$68.00 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.