TC Energy Co. (TSE:TRP) Director Jawad Masud Sells 5,000 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Jawad Masud sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$66.50, for a total transaction of C$332,500.00.

TC Energy Price Performance

TRP traded down C$0.24 during trading on Friday, hitting C$66.30. The company’s stock had a trading volume of 1,276,674 shares, compared to its average volume of 6,708,495. The firm’s 50 day moving average price is C$67.00 and its two-hundred day moving average price is C$61.25. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The stock has a market capitalization of C$68.95 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of C$3.90 billion. Sell-side analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid 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 dividend yield of 6.71%. The ex-dividend date is Tuesday, December 31st. TC Energy’s dividend payout ratio is 116.01%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TRP shares. Raymond James raised TC Energy to a “hold” rating in a report on Thursday, November 21st. Scotiabank upped their target price on TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their price target on shares of TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th. Wells Fargo & Company increased their price objective on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Finally, UBS Group upgraded shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$69.77.

TC Energy Company Profile

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.