TC Energy Co. (TSE:TRP) Director Sells C$654,219.70 in Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Trevor Ebl sold 9,554 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$68.48, for a total transaction of C$654,219.70.

TC Energy Trading Down 2.4 %

Shares of TSE TRP traded down C$1.68 during trading on Tuesday, reaching C$67.42. The stock had a trading volume of 2,947,525 shares, compared to its average volume of 6,976,540. 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 company has a market cap of C$70.12 billion, a P/E ratio of 20.49, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a fifty-two week low of C$43.83 and a fifty-two week high of C$69.61. The business's 50-day moving average price is C$63.89 and its 200-day moving average price is C$57.81.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last released its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating 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 analyst estimates of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. On average, equities research analysts predict that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

TC Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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. This represents a $4.45 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy's dividend payout ratio is currently 116.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Veritas raised TC Energy to a "strong sell" rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their target price on shares of TC Energy from C$55.00 to C$66.00 in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of TC Energy from C$66.00 to C$60.00 and set a "neutral" rating for the company in a report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on shares of TC Energy from C$57.00 to C$66.00 and gave the company a "hold" rating in a report on Monday, September 30th. Finally, Morgan Joseph raised TC Energy from an "underweight" rating to an "overweight" rating and lifted their price target for the stock from C$62.00 to C$78.00 in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$66.15.

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.