Nancy Angenita Johnson Sells 3,328 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Nancy Angenita Johnson sold 3,328 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total value of C$225,472.00.

Nancy Angenita Johnson also recently made the following trade(s):

• On Monday, August 19th, Nancy Angenita Johnson sold 5,414 shares of TC Energy stock. The stock was sold at an average price of C$61.16, for a total value of C$331,133.78.

TC Energy Trading Down 1.8 %

Shares of TRP stock traded down C$1.27 during trading on Tuesday, hitting C$67.83. 349,592 shares of the stock traded hands, compared to its average volume of 6,964,320. The firm has a market capitalization of C$70.54 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The firm’s fifty day moving average price is C$63.89 and its 200-day moving average price is C$57.81. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$69.61.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The business had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, research analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued 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 yield of 6.56%. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio is currently 116.01%.

Analysts Set New Price Targets

TRP has been the subject of a number of research analyst reports. CIBC raised their target price on TC Energy from C$66.00 to C$67.00 in a research note on Friday. JPMorgan Chase & Co. reduced their target price on TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. BMO Capital Markets raised their target price on TC Energy from C$55.00 to C$66.00 in a research note on Friday. Jefferies Financial Group increased their price target on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. Finally, Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and increased 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 assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.