Michael Robert Culbert Sells 500 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Michael Robert Culbert sold 500 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of C$20.86, for a total value of C$10,430.00.

TC Energy Stock Performance

TRP traded down C$0.78 on Wednesday, reaching C$65.12. The stock had a trading volume of 4,971,152 shares, compared to its average volume of 6,685,137. The business's 50-day moving average price is C$66.56 and its two-hundred day moving average price is C$60.74. The company has a market cap of C$67.72 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. 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 (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly 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 firm had revenue of C$4.08 billion during the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. Sell-side analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. This represents a $4.45 annualized dividend and a dividend yield of 6.84%. This is an increase from TC Energy's previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy's dividend payout ratio is presently 116.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRP shares. Veritas upgraded shares of TC Energy to a "strong sell" rating in a research note on Tuesday, October 8th. Raymond James raised TC Energy to a "hold" rating in a research report on Thursday, November 21st. Barclays increased their price objective on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Finally, ATB Capital increased their price target on shares of TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TC Energy has a consensus rating of "Hold" and a consensus target price 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.