TC Energy Co. (TSE:TRP) Director Colin Lindley Sells 3,194 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Colin Lindley sold 3,194 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total value of C$219,425.56. Following the sale, the director now directly owns 697 shares in the company, valued at approximately C$47,883.41. This represents a 82.09 % decrease in their ownership of the stock.

TC Energy Price Performance

Shares of TRP opened at C$68.65 on Friday. The business’s 50-day moving average is C$64.10 and its 200-day moving average is C$58.06. 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 capitalization of C$71.40 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy Co. has a fifty-two week low of C$43.83 and a fifty-two week high of C$69.61.

TC Energy (TSE:TRP) (NYSE:TRP) last released 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 net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. Equities research analysts expect that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TC Energy’s previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.49%. TC Energy’s dividend payout ratio (DPR) is 116.01%.

Analysts Set New Price Targets

A number of research analysts recently commented on TRP shares. BMO Capital Markets upped their price objective on TC Energy from C$55.00 to C$66.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. CIBC raised their price objective on shares of TC Energy from C$66.00 to C$67.00 in a research note on Friday, November 8th. Barclays boosted their target price on TC Energy from C$66.00 to C$67.00 in a report on Monday, October 21st. Finally, Scotiabank increased their price target on TC Energy from C$68.00 to C$74.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, five 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 stock has an average rating of “Hold” and a consensus 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.