TC Energy Co. (TSE:TRP) Senior Officer Sells C$8,085,219.85 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Francois Lionel Poirier sold 118,243 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$68.38, for a total value of C$8,085,219.85.

TC Energy Stock Performance

TRP traded up C$0.06 during trading hours on Friday, hitting C$70.20. The company’s stock had a trading volume of 240,433 shares, compared to its average volume of 6,817,028. 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 Co. has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32. The company has a 50-day simple moving average of C$64.86 and a 200 day simple moving average of C$58.90. The firm has a market capitalization of C$73.01 billion, a PE ratio of 21.19, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The business had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, sell-side analysts expect that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Analysts Set New Price Targets

TRP has been the topic of several research analyst reports. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from C$62.00 to C$78.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday. Veritas raised TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Jefferies Financial Group upped their target price on TC Energy from C$64.00 to C$65.00 in a research note on Wednesday. Finally, Scotiabank increased their price objective on shares of TC Energy from C$74.00 to C$75.00 in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TC Energy currently has an average rating of “Hold” and an average target price of C$69.54.

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.