TC Energy (TSE:TRP) Sets New 1-Year High at $60.02

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$60.02 and last traded at C$59.87, with a volume of 1036589 shares traded. The stock had previously closed at C$59.21.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TRP shares. CIBC lifted their price objective on TC Energy from C$56.00 to C$59.00 in a research report on Monday, July 15th. National Bankshares upped their price target on shares of TC Energy from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their target price on shares of TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Monday, July 29th. BMO Capital Markets increased their price target on TC Energy from C$55.00 to C$57.00 in a research note on Friday, August 2nd. Finally, Wells Fargo & Company boosted their price objective on TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$56.73.

TC Energy Trading Up 0.1 %

The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 163.01. The stock’s 50 day moving average is C$54.25 and its two-hundred day moving average is C$53.05. The company has a market capitalization of C$61.61 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 0.26 and a beta of 0.74.

TC Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a $0.96 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.84 annualized dividend and a dividend yield of 6.48%. TC Energy’s payout ratio is presently 147.69%.

Insider Activity at TC Energy

In other TC Energy news, Director Richard Prior sold 5,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$40.00, for a total transaction of C$200,000.00. In other TC Energy news, Director Richard Prior sold 5,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$40.00, for a total transaction of C$200,000.00. Also, Senior Officer Christine R. Johnston sold 1,330 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$53.15, for a total transaction of C$70,689.50. Following the completion of the sale, the insider now owns 466 shares in the company, valued at C$24,767.90. Insiders have sold a total of 9,949 shares of company stock valued at $482,498 over the last ninety days. 0.04% of the stock is owned by company insiders.

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.