TC Energy Co. (TSE:TRP) Senior Officer Sells C$8,085,219.85 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Francois Lionel Poirier sold 118,243 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total transaction of C$8,085,219.85.

TC Energy Stock Up 1.9 %

Shares of TRP stock traded up C$1.30 on Thursday, hitting C$70.09. The stock had a trading volume of 702,923 shares, compared to its average volume of 6,834,265. The stock has a market cap of C$72.89 billion, a price-to-earnings ratio of 20.78, 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. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.24. The business has a 50 day moving average of C$64.70 and a 200 day moving average of C$58.75.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of C$3.90 billion. As a group, analysts expect that TC Energy Co. will post 3.5490515 EPS for the current year.

TC Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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. This represents a $4.45 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date is Tuesday, December 31st. TC Energy’s payout ratio is currently 116.01%.

Wall Street Analyst Weigh In

TRP has been the topic of several research analyst reports. National Bankshares boosted their target price on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday. CIBC boosted their target price on TC Energy from C$67.00 to C$68.00 in a report on Wednesday. Barclays upped their target price on TC Energy from C$67.00 to C$74.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on TC Energy from C$70.00 to C$79.00 in a research note on Monday. Finally, BMO Capital Markets increased their price objective on shares of TC Energy from C$66.00 to C$70.00 in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TC Energy presently has an average rating of “Hold” and an average target price of C$69.54.

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.