Jessica A. Kirstine Sells 3,394 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Jessica A. Kirstine sold 3,394 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$69.00, for a total value of C$234,186.00. Following the sale, the director now directly owns 725 shares of the company's stock, valued at approximately C$50,025. This trade represents a 82.40 % decrease in their position.

TC Energy Stock Performance

TRP traded up C$0.40 during trading hours on Friday, hitting C$69.05. The company's stock had a trading volume of 2,265,057 shares, compared to its average volume of 6,919,254. 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 current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The firm has a market capitalization of C$71.81 billion, a PE ratio of 20.81, a PEG ratio of 1.69 and a beta of 0.82. The company has a 50-day simple moving average of C$64.22 and a 200 day simple moving average of C$58.20.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last posted its 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. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The firm had revenue of C$4.08 billion for the quarter, compared to analysts' expectations of C$3.90 billion. As a group, sell-side analysts expect that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.113 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.96. This represents a $4.45 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy's dividend payout ratio (DPR) is presently 116.01%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRP shares. Veritas raised TC Energy to a "strong sell" rating in a research report on Tuesday, October 8th. Morgan Joseph raised TC Energy from an "underweight" rating to an "overweight" rating and upped their target price for the stock from C$62.00 to C$78.00 in a research report on Friday, October 25th. UBS Group raised TC Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 30th. CIBC upped their target price on TC Energy from C$66.00 to C$67.00 in a research report on Friday, November 8th. Finally, Scotiabank upped their target price on TC Energy from C$68.00 to C$74.00 in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average 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.