Colin Lindley Sells 3,194 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Colin Lindley sold 3,194 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the completion of the transaction, the director now directly owns 697 shares in the company, valued at C$47,883.41. This represents a 0.00 % decrease in their ownership of the stock.

TC Energy Stock Up 0.6 %

TRP opened at C$67.83 on Thursday. The firm has a 50 day moving average price of C$63.99 and a 200 day moving average price of C$57.93. The company has a market cap of C$70.54 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 1 year low of C$43.83 and a 1 year high of C$69.61. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping 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 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%. Sell-side analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $1.113 dividend. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, December 31st. This represents a $4.45 annualized dividend and a yield of 6.56%. TC Energy’s dividend payout ratio (DPR) is 116.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Veritas raised shares of TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. 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. UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Jefferies Financial Group upped their target price 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.