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 on Thursday, November 14th. The stock was sold at an average price of C$69.00, for a total value of C$234,186.00. Following the sale, the director now directly owns 725 shares of the company’s stock, valued at approximately C$50,025. This trade represents a 82.40 % decrease in their position.

TC Energy Price Performance

Shares of TSE TRP opened at C$69.05 on Monday. The company has a market cap of C$71.81 billion, a PE ratio of 20.86, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$69.61. The stock has a fifty day moving average price of C$64.34 and a 200 day moving average price of C$58.40.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results 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. 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. Sell-side analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.45%. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Wall Street Analyst Weigh In

TRP has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target 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. National Bankshares upped their price target on TC Energy from C$60.00 to C$70.00 in a report on Friday, November 8th. BMO Capital Markets raised their price objective on shares of TC Energy from C$55.00 to C$66.00 in a report on Friday, November 8th. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and raised their target price for the stock from C$62.00 to C$78.00 in a research report on Friday, October 25th. Finally, Scotiabank lifted their price target on shares of TC Energy from C$68.00 to C$74.00 in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$66.15.

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.