TC Energy Co. (TSE:TRP) Senior Officer Stanley G. Chapman Iii Sells 267,435 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total value of C$17,785,898.39.

TC Energy Stock Down 0.6 %

TRP stock opened at C$66.11 on Friday. The stock has a market cap of C$68.75 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The stock’s fifty day simple moving average is C$66.24 and its two-hundred day simple moving average is C$60.42. TC Energy Co. has a 1-year low of C$43.83 and a 1-year high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share 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 for the quarter, compared to the consensus estimate of C$3.90 billion. Analysts expect 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 paid a dividend of $1.113 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a dividend yield of 6.73%. This is a positive change from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s dividend payout ratio (DPR) is presently 116.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Scotiabank upped their target price on TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Jefferies Financial Group raised their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th. National Bankshares boosted their target price on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. Royal Bank of Canada raised their price target on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Finally, CIBC boosted their price objective on TC Energy from C$67.00 to C$68.00 in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy has a consensus rating of “Hold” and an average price target of C$69.77.

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.