Trevor Ebl Sells 9,554 Shares of TC Energy Co. (TSE:TRP) Stock

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

TC Energy Price Performance

Shares of TSE:TRP opened at C$67.83 on Thursday. 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 firm has a market cap of C$70.54 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The business has a 50-day simple moving average of C$63.99 and a two-hundred day simple moving average of C$57.93. TC Energy Co. has a fifty-two week low of C$43.83 and a fifty-two week high of C$69.61.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The firm had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, 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 declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.113 per share. This represents a $4.45 annualized dividend and a dividend yield of 6.56%. This is a boost from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. TC Energy’s dividend payout ratio is presently 116.01%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. National Bankshares lifted their price target on shares of TC Energy from C$60.00 to C$70.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their target price 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. BMO Capital Markets upped their price target on TC Energy from C$55.00 to C$66.00 in a research note on Friday, November 8th. Barclays raised their price objective on TC Energy from C$66.00 to C$67.00 in a research report on Monday, October 21st. Finally, Veritas raised TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, TC Energy presently has an average rating of “Hold” and a consensus 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.