TC Energy Co. (TSE:TRP) Director Jessica A. Kirstine Sells 3,394 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jessica A. Kirstine sold 3,394 shares of TC Energy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$69.00, for a total value of C$234,186.00. Following the sale, the director now directly owns 725 shares of the company’s stock, valued at C$50,025. This trade represents a 82.40 % decrease in their position.

TC Energy Stock Performance

Shares of TRP stock opened at C$69.05 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$69.61. The business’s 50 day moving average is C$64.34 and its two-hundred day moving average is C$58.33. The company has a market capitalization of C$71.81 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.69 and a beta of 0.82.

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

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 6.45%. This is an increase 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 (DPR) is presently 116.01%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRP. Jefferies Financial Group raised their price target on shares of 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. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and upped their price target for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Veritas upgraded TC Energy to a “strong sell” rating in a research note on Tuesday, October 8th. Finally, CIBC boosted their price objective on TC Energy from C$66.00 to C$67.00 in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TC Energy has an average 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.