TC Energy Co. (TSE:TRP) Director Sells C$246,400.00 in Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Lindsay Mackay sold 3,520 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$70.00, for a total value of C$246,400.00.

TC Energy Stock Performance

TRP stock traded down C$0.33 during midday trading on Tuesday, reaching C$69.60. 2,187,489 shares of the company were exchanged, compared to its average volume of 6,878,936. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.24. The firm has a market capitalization of C$72.38 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The business has a 50-day moving average price of C$64.60 and a two-hundred day moving average price of C$58.62. 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 issued its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of C$3.90 billion. Equities research analysts forecast that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $1.113 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.40%. This is a boost from TC Energy's previous quarterly dividend of $0.96. TC Energy's dividend payout ratio (DPR) is presently 116.01%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRP. Barclays boosted their price objective on shares of TC Energy from C$66.00 to C$67.00 in a research report on Monday, October 21st. Morgan Joseph raised shares of TC Energy from an "underweight" rating to an "overweight" rating and boosted their price target for the stock from C$62.00 to C$78.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday. Scotiabank lifted their target price on TC Energy from C$68.00 to C$74.00 in a research report on Friday, November 8th. Finally, UBS Group upgraded TC Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, TC Energy presently has an average rating of "Hold" and a consensus target price of C$67.62.

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.