TC Energy Co. (TSE:TRP) Director Kevin B. Engel Sells 546 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Kevin B. Engel sold 546 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total value of C$29,227.38.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$51.86 on Friday. The company has a debt-to-equity ratio of 163.01, a current ratio of 0.94 and a quick ratio of 0.40. The firm has a market cap of C$53.93 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 0.26 and a beta of 0.74. TC Energy Co. has a one year low of C$43.70 and a one year high of C$55.28. The stock’s 50-day moving average is C$52.14 and its 200-day moving average is C$52.55.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Friday, May 3rd. The company reported C$1.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.14 by C$0.10. The firm had revenue of C$4.24 billion during the quarter, compared to the consensus estimate of C$4.26 billion. TC Energy had a return on equity of 8.37% and a net margin of 17.31%. Equities analysts predict that TC Energy Co. will post 4.1883013 earnings per share for the current fiscal year.

TC Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.96 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.84 annualized dividend and a yield of 7.40%. TC Energy’s payout ratio is currently 147.69%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRP shares. Wells Fargo & Company increased their price target on shares of TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Jefferies Financial Group boosted their price target on shares of TC Energy from C$51.00 to C$52.00 and gave the company a “hold” rating in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TC Energy from C$58.00 to C$59.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, TC Energy presently has a consensus rating of “Hold” and a consensus price target of C$54.94.

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.