TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) issued its earnings results on Thursday. The company reported C$1.03 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.06, reports. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion.
TC Energy Stock Down 1.5 %
TC Energy stock opened at C$67.82 on Friday. The stock has a 50 day moving average of C$63.74 and a two-hundred day moving average of C$57.67. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$69.61. The stock has a market capitalization of C$70.53 billion, a price-to-earnings ratio of 20.49, a PEG 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.
TC Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $1.113 dividend. This represents a $4.45 annualized dividend and a yield of 6.56%. The ex-dividend date is Tuesday, December 31st. This is a boost from TC Energy’s previous quarterly dividend of $0.96. TC Energy’s payout ratio is 116.01%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on TRP
Insider Activity
In other news, Director Jawad Masud sold 6,041 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$63.50, for a total value of C$383,603.50. In other news, Director Jawad Masud sold 6,041 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$63.50, for a total transaction of C$383,603.50. Also, Director Rosemary K. Stevens sold 1,200 shares of TC Energy stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$59.88, for a total value of C$71,856.00. Following the completion of the sale, the director now owns 987 shares in the company, valued at approximately C$59,101.56. This trade represents a 0.00 % decrease in their ownership of the stock. Over the last 90 days, insiders have sold 76,114 shares of company stock valued at $4,704,641. Company insiders own 0.03% of the company’s stock.
TC Energy Company Profile
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.
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