TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Jawad Masud sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$66.50, for a total value of C$332,500.00.
TC Energy Stock Performance
TC Energy stock traded up C$0.20 during midday trading on Friday, reaching C$66.74. 11,692,495 shares of the company's stock were exchanged, compared to its average volume of 6,750,465. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock's 50-day simple moving average is C$67.04 and its 200 day simple moving average is C$61.35. The firm has a market cap of C$69.41 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$70.32.
TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last released its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping analysts' consensus estimates of C$0.97 by C$0.06. The firm 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%. On average, analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.
TC Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This is a boost from TC Energy's previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.67%. TC Energy's dividend payout ratio (DPR) is presently 116.01%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. National Bankshares increased their price objective on shares of TC Energy from C$70.00 to C$71.00 in a report on Wednesday, November 20th. BMO Capital Markets increased their price target on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Morgan Joseph raised TC Energy from an "underweight" rating to an "overweight" rating and lifted their price objective for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Finally, ATB Capital boosted their target price on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$69.77.
Check Out Our Latest Research Report on TC Energy
TC Energy Company Profile
(
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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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