TC Energy Co. (TSE:TRP) Director Buys C$431,947.64 in Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Alexander (Alex) Oehler acquired 6,540 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average price of C$66.05 per share, with a total value of C$431,947.64.

TC Energy Stock Performance

Shares of TRP stock traded up C$0.29 during trading hours on Monday, reaching C$67.03. The stock had a trading volume of 7,737,350 shares, compared to its average volume of 6,754,397. The firm has a market capitalization of C$69.71 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm has a 50-day simple moving average of C$67.06 and a 200-day simple moving average of C$61.54. TC Energy Co. has a twelve month low of C$43.83 and a twelve month high of C$70.32. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to analyst estimates 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, equities analysts forecast that TC Energy Co. will post 3.5490515 earnings per share 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 is a boost from TC Energy's previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date is Tuesday, December 31st. TC Energy's payout ratio is currently 116.01%.

Wall Street Analyst Weigh In

TRP has been the topic of a number of research analyst reports. Raymond James upgraded shares of TC Energy to a "hold" rating in a research note on Thursday, November 21st. Barclays increased their price target on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Scotiabank increased their target price on TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. Finally, National Bankshares boosted their price target on TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TC Energy currently has an average rating of "Hold" and an average price target of C$69.77.

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.