TC Energy Co. (TSE:TRP) Director Sells C$219,425.56 in Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Colin Lindley sold 3,194 shares of the stock in a transaction 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 completion of the sale, the director now owns 697 shares of the company's stock, valued at C$47,883.41. The trade was a 0.00 % decrease in their position.

TC Energy Stock Performance

Shares of TRP stock traded down C$1.68 during trading hours on Tuesday, reaching C$67.42. 2,947,525 shares of the company's stock were exchanged, compared to its average volume of 6,976,540. TC Energy Co. has a fifty-two week low of C$43.83 and a fifty-two week high of C$69.61. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The stock has a market capitalization of C$70.12 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.69 and a beta of 0.82. The business has a fifty day moving average price of C$63.89 and a 200-day moving average price of C$57.81.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last released its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating 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 analysts' expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. Analysts predict that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $1.113 dividend. This represents a $4.45 annualized dividend and a yield of 6.60%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TC Energy's previous quarterly dividend of $0.96. TC Energy's payout ratio is 116.01%.

Wall Street Analyst Weigh In

TRP has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on TC Energy from C$66.00 to C$60.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 8th. ATB Capital boosted their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday. CIBC increased their target price on shares of TC Energy from C$66.00 to C$67.00 in a research report on Friday. Royal Bank of Canada boosted their price target on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday. Finally, BMO Capital Markets increased their price objective on TC Energy from C$55.00 to C$66.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, five have assigned 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 stock currently has a consensus rating of "Hold" and a consensus target price of C$66.15.

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.