TC Energy Co. (TSE:TRP) Director Sells C$1,138,284.00 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Richard Prior sold 18,068 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$63.00, for a total transaction of C$1,138,284.00.

Richard Prior also recently made the following trade(s):

• On Friday, August 16th, Richard Prior sold 3,000 shares of TC Energy stock. The shares were sold at an average price of C$44.00, for a total transaction of C$132,000.00.

TC Energy Stock Performance

TRP opened at C$64.46 on Thursday. The firm has a market capitalization of C$67.04 billion, a PE ratio of 19.46, a PEG ratio of 0.26 and a beta of 0.82. TC Energy Co. has a twelve month low of C$44.70 and a twelve month high of C$64.54. The firm’s 50-day moving average price is C$60.50 and its 200 day moving average price is C$55.25. 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 posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. As a group, sell-side analysts expect that TC Energy Co. will post 4.5431472 EPS for the current fiscal year.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date is Friday, September 27th. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Analyst Ratings Changes

Several research firms recently commented on TRP. National Bankshares raised their price target on shares of TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Scotiabank dropped their price target on shares of TC Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets lifted their target price on shares of TC Energy from C$57.00 to C$65.00 in a research report on Thursday, September 5th. ATB Capital lifted their target price on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 10th. Finally, Barclays lifted their target price on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$58.62.

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.