TC Energy Co. (TSE:TRP) Announces Quarterly Dividend of $1.11

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 1.113 per share on Friday, January 31st. This represents a $4.45 annualized dividend and a dividend yield of 6.56%. 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 Stock Performance

Shares of TSE TRP traded down C$1.01 during mid-day trading on Friday, hitting C$67.82. The company had a trading volume of 3,535,971 shares, compared to its average volume of 7,012,491. 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 has a 1 year low of C$43.83 and a 1 year high of C$69.61. The company has a market capitalization of C$70.53 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.69 and a beta of 0.82. The stock's 50-day moving average price is C$63.46 and its 200-day moving average price is C$57.39.

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

Analysts Set New Price Targets

Several brokerages have issued reports on TRP. UBS Group raised TC Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 30th. CIBC lifted their target price on shares of TC Energy from C$66.00 to C$67.00 in a research note on Friday. Jefferies Financial Group raised their price target on shares of TC Energy from C$57.00 to C$66.00 and gave the stock a "hold" rating in a report on Monday, September 30th. Morgan Joseph raised shares of TC Energy from an "underweight" rating to an "overweight" rating and upped their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Finally, ATB Capital boosted their price target on TC Energy from C$64.00 to C$65.00 in a report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$66.15.

Insider Activity at TC Energy

In other TC Energy news, Senior Officer Nancy Angenita Johnson sold 5,414 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$61.16, for a total transaction of C$331,133.78. In other TC Energy news, Director Rosemary K. Stevens sold 1,200 shares of the 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 transaction of C$71,856.00. Following the completion of the sale, the director now directly owns 987 shares of the company's stock, valued at C$59,101.56. This trade represents a 0.00 % decrease in their position. Also, Senior Officer Nancy Angenita Johnson sold 5,414 shares of TC Energy stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$61.16, for a total transaction of C$331,133.78. In the last three months, insiders have sold 76,114 shares of company stock valued at $4,704,641. 0.03% of the stock is owned by corporate insiders.

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.