TC Energy Co. (TSE:TRP) Senior Officer Sells C$1,074,049.58 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Patrick M. Keys sold 17,127 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$62.71, for a total transaction of C$1,074,049.58.

TC Energy Stock Up 0.5 %

TSE:TRP opened at C$63.23 on Friday. The firm has a market capitalization of C$65.76 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 0.26 and a beta of 0.81. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. TC Energy Co. has a twelve month low of C$44.70 and a twelve month high of C$63.74. The stock’s 50 day moving average price is C$57.75 and its two-hundred day moving average price is C$54.40.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The firm had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. Equities research analysts expect that TC Energy Co. will post 4.3133803 earnings per share for the current fiscal year.

TC Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.84 annualized dividend and a yield of 6.07%. TC Energy’s dividend payout ratio (DPR) is currently 116.01%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TRP shares. CIBC boosted their price objective on shares of TC Energy from C$56.00 to C$59.00 in a report on Monday, July 15th. BMO Capital Markets upped their price target on shares of TC Energy from C$57.00 to C$65.00 in a report on Thursday. ATB Capital upped their price target on shares of TC Energy from C$54.00 to C$56.00 in a report on Wednesday, July 24th. National Bankshares upped their price target on shares of TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company upped their price target on shares of TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$58.38.

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.